Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Filed Under: Indian Economy
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Q:

A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.

A) Perfect Competition B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: B) Monopoly

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Q:

The ________ balance is the sum of the balance of merchandise trade, services and net transfers received from the rest of the world.

A) Current Account B) Savings Account
C) Capital Account D) Asset Account
 
Answer & Explanation Answer: A) Current Account

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Q:

The word development in economics pertains to

A) democratic countries B) third world countries
C) advanced countries D) undeveloped countries
 
Answer & Explanation Answer: B) third world countries

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Q:

Which organisms can help to carry out Vermicomposting?

A) Nitrifying Bacteria B) Earthworms
C) Algae D) Fungus
 
Answer & Explanation Answer: B) Earthworms

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Filed Under: Biology
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Q:

_____________ is a collection of data values of same types having a common name.

A) Object B) String
C) Array D) Numbers
 
Answer & Explanation Answer: C) Array

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Filed Under: Computer
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Q:

Windows 10 is

A) an utility software B) a browser
C) an application software D) an operating system
 
Answer & Explanation Answer: D) an operating system

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Q:

Which is the closest star to our solar system?

A) Alpha Centauri B) Beta Centauri
C) Proxima Centauri D) Barnard
 
Answer & Explanation Answer: C) Proxima Centauri

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Filed Under: General Science
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