Q:

In general, elasticity is a measure of

A) how firms' profits respond to changes in market prices.	B) the extent to which advances in technology are adopted by producers.
C) how much buyers and sellers respond to changes in market conditions.	D) the extent to which a market is competitive.

Answer & Explanation Answer: C) how much buyers and sellers respond to changes in market conditions.

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Q:

Which of the following increase the risk of developing osteoporosis?

A) excessive alcohol	B) female gender
C) low estrogen levels	D) all the above

Answer & Explanation Answer: D) all the above

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Q:

Which answer figure will complete the pattern?

A) X	B) W
C) V	D) U

Answer & Explanation Answer: D) U

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Q:

In India, how much percent of GDP is the fiscal deficit target for the Financial Year 2017-18?

A) 4.20%	B) 3.20%
C) 2.20%	D) 4.00%

Answer & Explanation Answer: B) 3.20%

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Q:

In a centrally planned economy, the ____________ plans all the important activities in the economy.

A) Industrialists	B) Citizens
C) Government	D) Judiciary

Answer & Explanation Answer: C) Government

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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:

If demand curve for renting a car is D = 90000 - 23P and supply curve is S = 9000 + 7P, find the equilibrium Price?

A) Rs 1800	B) Rs 900
C) Rs 3600	D) Rs 2700

Answer & Explanation Answer: D) Rs 2700

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Q:

The Arjuna Awards given by the Government of India is for public achievement in which of the following fields?

A) Literature	B) Poverty Eradication
C) Sports	D) Economics

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