Sawaal

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Q:

Economics assumes that

A) people have unlimited desires but limited resources B) people have limited desires but unlimited resources
C) allocation of resources if not centrally planned will cause inefficiency D) people are emotional and make irrational decisions
 
Answer & Explanation Answer: A) people have unlimited desires but limited resources

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Q:

Management accountants would not

A) prepare reports primarily for external users. B) be concerned with the impact of cost and volume on profits
C) assist in budget planning. D) determine cost behavior.
 
Answer & Explanation Answer: A) prepare reports primarily for external users.

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Q:

In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.

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

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Q:

The demand curve _____.

A) shows that as the price of a good increases, demand for the good will increase B) shows that as the price of a good increases, demand for the good will decrease
C) has a positive gradient D) indicates that there is a direct relationship between quantity demanded and price
 
Answer & Explanation Answer: B) shows that as the price of a good increases, demand for the good will decrease

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Q:

_____ is the cell organelle, in which the biochemical processes of respiration and energy production occur.

A) Mitochondria B) Chloroplast
C) Ribosomes D) Nucleus
 
Answer & Explanation Answer: A) Mitochondria

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Q:

The first democratically elected female President of Africa is from

A) Nigeria B) Liberia
C) Tanzania D) Kenya  
 
Answer & Explanation Answer: B) Liberia

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Q:

Conducting joint operations generally involves how many broad principles?

A) 11 B) 10
C) 12 D) 14
 
Answer & Explanation Answer: C) 12

Explanation:

Conducting joint operations generally involves 12 broad principles, collectively known as the “principles of joint operations”.

 

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Q:

In April 2017, on the birth anniversary of Dr. B. R. Ambedkar which body announced the winners of Lucky Draw Schemes like ‘Lucky Grahak Yojana’ and ‘Digi-Dhan Vyapar Yojana’?

 

A) Reserve Bank of India B) State Bank of India
C) National Payments Corporation of India D) No option is correct
 
Answer & Explanation Answer: C) National Payments Corporation of India

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