Questions

Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic B) indifferent
C) market demand D) diminishing
 
Answer & Explanation Answer: C) market demand

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Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores B) Rs. 52 crores
C) Rs. 18 crores D) Rs. 38 crores
 
Answer & Explanation Answer: C) Rs. 18 crores

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Q:

In May 2017, the Base year of All-Indian WPI (Wholesale Price Index) has been revised from 2004-05 to ______.

A) 2010-11 B) 2015-16
C) 2011-12 D) 2016-17
 
Answer & Explanation Answer: C) 2011-12

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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:

A growing country is one with ___________ there.

A) rising GNP at constant prices B) rising GNP at current prices
C) constant GNP at constant prices D) No option is correct
 
Answer & Explanation Answer: A) rising GNP at constant prices

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Q:

___ are the carriers of heredity material.

A) Genetics B) Genes
C) Gametes D) Germ cells
 
Answer & Explanation Answer: B) Genes

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

We often feel, in such an environment, that our social sphere _____________ around us. We can see, in quantitative values — the number of likes, re-posts, shares — the interest garnered by anything created by us. This makes social interaction slightly more ___________, when we start to think of it in number terms. It becomes easier to see it in visual terms, rather ________ emotive cues. And _____________ that happens we are motivated to reveal only those parts of ____________ that we know will trigger a considerable quantitative response.

 

And _____________ that happens we are motivated

 

A) why B) where
C) whom D) when
 
Answer & Explanation Answer: D) when

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Q:

What is the present Personal Income Tax exemption limit for male individuals below 60 years of age & HUF (FY 2015-16)?

A) Rs. 2.5 lakhs B) Rs. 3 lakhs
C) Rs. 1.5 lakhs D) Rs. 4 lakhs
 
Answer & Explanation Answer: A) Rs. 2.5 lakhs

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