Questions

Q:

Reema wants to buy a certain designer party dress. The shop is offering a discount of 20% on that dress which is marked at Rs 5000. If Reema was willing to pay even Rs 7000 for that dress, Reema's consumer surplus is

A) Rs 3000 B) Rs 2000
C) Rs 1000 D) Rs 7000
 
Answer & Explanation Answer: A) Rs 3000

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Q:

A good measure of the standard of living is

A) SGP B) GDP
C) Percapita income D) None
 
Answer & Explanation Answer: B) GDP

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Q:

What was the total number of books sold in Shop Q in 2003, 2004, and 2005?

A) 36500 B) 38500
C) 37500 D) 39000
 
Answer & Explanation Answer: C) 37500

Explanation:

Required total number of sales = 14.4 + 7.4 + 15.7 = 37.5
Thousand = 37500.

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Q:

When the human body temperature falls by about 2 - 3.5 F below the normal body temperature, the condition is known as

A) Fever B) Hypothermia
C) Hyperthermia D) Hyperpyrexia
 
Answer & Explanation Answer: B) Hypothermia

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Q:

When a person can see only nearby objects, the condition is called

A) Hypermetropia B) Astigmatism
C) Myopia D) Retinopathy
 
Answer & Explanation Answer: C) Myopia

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Q:

Which of the following best defines free trade?

A) Imports are discouraged B) There are no restrictions on exports and imports  
C) There are no duties levied on export   D) Imported goods are made duty free  
 
Answer & Explanation Answer: B) There are no restrictions on exports and imports  

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Q:

The international trade effect states that

A) an increase in the price level will lower net exports. B) an increase in the price level will raise exports.
C) an increase in the price level will raise net exports. D) an increase in the price level will lower imports
 
Answer & Explanation Answer: A) an increase in the price level will lower net exports.

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Q:

What is the Centre of Curvature of a spherical mirror?

A) It is the centre of a hollow sphere of which the spherical mirror is a part B) It is the midpoint of a spherical mirror
C) It is the point on the principal axis through which rays of light parallel to the principal axis pass after reflection D) It is a point from which the rays of light appear to be coming from on the principal axis of a convex mirror
 
Answer & Explanation Answer: A) It is the centre of a hollow sphere of which the spherical mirror is a part

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