Questions

Q:

The price of a chair is Rs. 500. It has been sold at two succesive discounts of 10% each. What is its selling price?

A) Rs. 400 B) Rs. 405
C) Rs. 415 D) Rs. 425
 
Answer & Explanation Answer: B) Rs. 405

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Q:

The successive discount of 15%, 20% and 25% on an article is equivalent to the single discount of

A) 60% B) 47%
C) 49% D) 40%
 
Answer & Explanation Answer: C) 49%

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Q:

Find the odd word/letters/number pair from the given alternatives.

A) JKLM B) NOPQ
C) RSTU D) VWXZ
 
Answer & Explanation Answer: D) VWXZ

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Q:

The innovation theory of profit was proposed by

A) Marshall B) Clark
C) Schumpeter D) Joan Robbinson
 
Answer & Explanation Answer: C) Schumpeter

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Q:

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

A) Equilibrium B) Excess Demand
C) Excess Supply D) Marginal Revenue
 
Answer & Explanation Answer: C) Excess Supply

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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: A) Inferior goods

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Q:

In India all of the following are sources for government revenue, except?

A) Agricultural income tax B) Anti dumping duty
C) Perquisite tax D) Toll tax
 
Answer & Explanation Answer: A) Agricultural income tax

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Q:

The pH value increase from 7 to 14 represents a

A) decrease in H+ ion concentration B) decrease in OH- ion concentration
C) increase in OH- ion concentration D) increase in H+ ion concentration
 
Answer & Explanation Answer: C) increase in OH- ion concentration

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