Questions

Q:

In economics secondary effects refer to the

A)  best alternative that must be forgone as the result of a choice. B) immediate and visible intended consequences of a change.
C) impact of the scarcity of resources on the scarcity of the goods that are produced with those resources. D) unintended consequences of a change that are not immediately identifiable but are felt only with time.
 
Answer & Explanation Answer: B) immediate and visible intended consequences of a change.

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

This argument is completely ______________ and shows very little understanding ____________ education. The costs quoted for private schools, one, have no reliable source of data and, ______________, they discount two kinds of hidden costs — to the family and _____________ the nation. Often the cost of education in private schools is _________________ with the fee per child.

 

one, have no reliable source of data and, ______________, they discount two kinds of hidden costs

 

A) twice B) both
C) two D) secondly
 
Answer & Explanation Answer: C) two

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Q:

1 pascal equals 1 ________________.

A) N m2 B) N m-2
C) N m D) N m-1
 
Answer & Explanation Answer: B) N m-2

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Q:

The 7.6% growth rate registered by Indian economy during the year 2015-16 is based on 

A) Gross   National   Product   at   market prices B) Gross Value Added at constant prices
C) Gross   Domestic   Product   at   market prices D) Gross  Domestic  Product  at  constant prices
 
Answer & Explanation Answer: D) Gross  Domestic  Product  at  constant prices

Explanation:

The Central Statistics Office (CSO), Ministry of Statistics and Programme   Implementation,   has released  the  provisional  estimates of national income for the financial year 2015-16 and quarterly estimates    of    Gross    Domestic Product    (GDP)    for    the    fourth quarter  (January-March)  of  2015-16,   both   at   constant   (2011-12) and current prices.

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Q:

To become a member of the Rajya Sabha a person should be at least _____ years old.

A) 18 B) 30
C) 36 D) 24
 
Answer & Explanation Answer: B) 30

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Q:

In which direction does the tail of a comet point toward?

A) Away from the sun B) Towards the sun
C) Away from earth D) Towards the earth
 
Answer & Explanation Answer: A) Away from the sun

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Q:

When the productive capacity of the economic system of state is inadequate to create sufficient number of jobs, it is called _______

A) seasonal unemployment B) structural unemployment  
C) disguised unemployment   D) cyclical unemployment
 
Answer & Explanation Answer: D) cyclical unemployment

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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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