Questions

Q:

The demand for a normal good decreases with ________ in the consumer's income.

A) increase B) decrease
C) constant D) double
 
Answer & Explanation Answer: B) decrease

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Q:

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

A) Deflation B) Stagflation
C) Recession D) Depression
 
Answer & Explanation Answer: B) Stagflation

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Q:

The existence of a parallel economy (black money) ___________.

A) makes economy more competitive B) makes the monetary policies less effective
C) ensures a better distribution of income and wealth D) ensures increasing productive investment
 
Answer & Explanation Answer: B) makes the monetary policies less effective

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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 account receivable turnover measures

A) How often, on average receivables are received and collected during the period B) How long it takes to sell accounts receivable to a factor
C) The relation of cash sales to credit sales D) How long it takes to sell merchandise inventory
 
Answer & Explanation Answer: A) How often, on average receivables are received and collected during the period

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Q:

Who among the following has been awarded the ‘German Green Talent Award 2017’?

A) Sukhveer Rohilla B) Pushpa Negrani
C) Shamik Chaudhary D) Rishi Dholakiya
 
Answer & Explanation Answer: C) Shamik Chaudhary

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Q:

The tennis star, ___ was provisionally suspended after testing positive for banned drugs during Australian open 2016.

A) Maria Sharapova B) Serena Williams
C) Ana Ivanovic D) Andy Murray
 
Answer & Explanation Answer: A) Maria Sharapova

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Q:

Ramesh starts his journey by walking 2 kilometres towards North. Then he takes a right turn and walks 1 kilometre. Again takes a right turn and walks 2 kilometre. Now which direction is he facing?

A) East B) West
C) South D) North
 
Answer & Explanation Answer: C) South

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