Questions

Q:

The demand curve facing a perfectly competitive firm is

A) downward sloping B) perfectly inelastic
C) a concave curve D) perfectly elastic
 
Answer & Explanation Answer: D) perfectly elastic

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Q:

What is income available with a person after deducting for taxes called?

A) Disposable Income B) Cash Income
C) Salary D) General Income
 
Answer & Explanation Answer: A) Disposable Income

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Q:

India implemented the GST (Goods and Service Tax) from which month of 2017?

A) January B) March
C) July D) September
 
Answer & Explanation Answer: C) July

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Q:

First time which year the Railway Budget and the General Budget were presented separately?

A) 1923 B) 1947
C) 1952 D) 1977
 
Answer & Explanation Answer: A) 1923

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Q:

The unemployment created at certain times of the year, when the demand for goods and services are lower than normal, is _____.

A) Cyclical unemployment B) Frictional unemployment
C) Seasonal unemployment D) Structural unemployment
 
Answer & Explanation Answer: C) Seasonal unemployment

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Q:

Which of the following is a risk taken by entrepreneurs in small business?

A) Interference with personal lives B) Psychological stress
C) Social and family pressure D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Some of the risks faced by entrepreneur of small business are:-


1. Funding of capital.
2. Adequate cashflows.
3. Social and family pressures.
4. Interference with personal lives.
5. psychological pressure.
6.Lack of motivation

 

 

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Q:

Which sport has the highest rank of Yokozuna?

A) Sumo wrestling B) Judo
C) Jujitsu D) Kendo
 
Answer & Explanation Answer: A) Sumo wrestling

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Q:

Which queen of Ahmednagar opposed emperor Akbar?

A) Rani Durgavati B) Zeenat Mahal
C) Chand Bibi D) Razia Sultan
 
Answer & Explanation Answer: C) Chand Bibi

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