Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good	B) Giffin good
C) Inferior good	D) Normal good

Answer & Explanation Answer: A) Superior good

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Filed Under: Indian Economy
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Q:

If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.

A) price exceeds its marginal costs	B) price exceeds its average total costs
C) average variable costs exceed its average total costs	D) fixed costs are zero

Answer & Explanation Answer: A) price exceeds its marginal costs

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Q:

The number of days' sales uncollected is calculated by

A) Dividing accounts receivable by net sales and multiplying by 365.	B) Dividing net sales by accounts receivable and multiplying by 365.
C) Dividing accounts receivable by net sales.	D) Dividing net sales by accounts receivable.

Answer & Explanation Answer: A) Dividing accounts receivable by net sales and multiplying by 365.

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Filed Under: Indian Economy
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Q:

Contraction of heart is also known as

A) Systole	B) Aristotle
C) Diastole	D) Lub

Answer & Explanation Answer: A) Systole

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Filed Under: Biology
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Q:

How many versions of each trait will be there in each child as per the rules for the inheritance of traits?

A) 1	B) 2
C) 3	D) 4

Answer & Explanation Answer: B) 2

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Filed Under: Biology
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Q:

The first Indian to win an olypic medal in badminton was

A) Syed Modi	B) Prakash Padukone
C) Pullela Gopichand	D) Saina Nehwal

Answer & Explanation Answer: D) Saina Nehwal

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Filed Under: Sports
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Q:

Who built the Group of Monuments at Mahabalipuram?

A) Chola Kings	B) Pallava Kings
C) Chera Kings	D) Chalukya Kings

Answer & Explanation Answer: B) Pallava Kings

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Filed Under: Indian History
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Q:

Who wrote 'Nyaya Sutra'?

A) Vyasa	B) Gautam
C) Kapila	D) Charaka

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