Questions

Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand B) Law of supply
C) Law of substitution D) Law of optimal choice
 
Answer & Explanation Answer: A) Law of demand

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Q:

Which would most likely increase aggregate supply?

A) A decrease in net exports B) A decrease in business subsidies
C) An increase in productivity D) An increase in the prices of imported products
 
Answer & Explanation Answer: D) An increase in the prices of imported products

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Q:

A growing country is one with ___________ there.

A) rising GNP at constant prices B) rising GNP at current prices
C) constant GNP at constant prices D) No option is correct
 
Answer & Explanation Answer: A) rising GNP at constant prices

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Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3% B) 10%
C) 2.50% D) 7%
 
Answer & Explanation Answer: B) 10%

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Q:

Retinol is mainly related to ___.

A) Vitamin A B) Vitamin B
C) Vitamin D D) Vitamin E
 
Answer & Explanation Answer: A) Vitamin A

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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.


P- However, our environment also need some help from all of us to get maintained as usual to nourish our lives forever and to never ruin our lives.
Q- It gives us all things which we need to live our life on this planet.
R- It provides us better medium to grow and develop.
S- An environment includes all the natural resources which surround us to help in number of ways.

 

A) PQRS B) QPSR
C) SRQP D) QSPR
 
Answer & Explanation Answer: C) SRQP

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Q:

Which Mughal Emperor was deported to Rangoon by the British?

A) Bahadur Shah Zafar B) Bahadur Shah III
C) Bahadur Shah Ahmed Shah D) Bahadur Shah I
 
Answer & Explanation Answer: A) Bahadur Shah Zafar

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 

Easier said than done

 

A) A task which is expected to be difficult turns out to be easy. B) Intentionally tell some one that a difficult task is easy
C) Be more easily talked about than put into practice D) Once a difficult task is done it feels easy
 
Answer & Explanation Answer: C) Be more easily talked about than put into practice

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