Questions

Q:

Backward bending supply curve belongs to which market?

A) Capital B) Labour
C) Money D) Inventories
 
Answer & Explanation Answer: C) Money

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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:

A minimum wage _____.

A) is the price floor below which workers may not sell their labor B) is set at a price below the equilibrium wage
C) creates a price ceiling below which the wage cannot legally go D) decreases unemployment
 
Answer & Explanation Answer: A) is the price floor below which workers may not sell their labor

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Q:

If price of an article decreases from Rs 80 to Rs 60, quantity demanded increases from 600 units to 750 units. Find point elasticity of demand?

A) -1 B) 1
C) -1.25 D) 1.25
 
Answer & Explanation Answer: A) -1

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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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Q:

Researchers at the University of Illinois have discovered new form of matter called Excitonium which was coined by ______ in the 1960’

A) Bertrand Halperin B) Eugene Wigner
C) Paul Dirac D) Felix Bloch
 
Answer & Explanation Answer: A) Bertrand Halperin

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Q:

Two particles with charges q1 and q2 are kept at a certain distance to exert force F on each other. If the distance is reduced to one-fifth, then the force between them is

A) F/25 B) 5F
C) F/5 D) 25F
 
Answer & Explanation Answer: D) 25F

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Q:

Light can travel ___ km in a year.

A) 5 billion B) 10 billion
C) 5 trillion D) 10 trillion
 
Answer & Explanation Answer: D) 10 trillion

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