Questions

Q:

The successive discount of 15%, 20% and 25% on an article is equivalent to the single discount of

A) 60% B) 47%
C) 49% D) 40%
 
Answer & Explanation Answer: C) 49%

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Q:

Find the odd word/letters/number from the given alternatives.

A) Apartment B) Garage
C) Quarter D) Flat
 
Answer & Explanation Answer: B) Garage

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Q:

IMF has predicted that the global economy would grow at _______ % in 2017.

A) 5.5 B) 4.5
C) 3.5 D) 2.5
 
Answer & Explanation Answer: C) 3.5

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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:

Who is the only Indian economist to have won the Nobel prize?

A) Avinash Dixit B) Amit Mishra
C) Amartya Sen D) Abhijit Banerjee
 
Answer & Explanation Answer: C) Amartya Sen

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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:

For the buying and selling of precious metals such as Goldand Silver, the market established is termed as ________ .

A) Capital Market B) Money Market
C) Bullion Market D) wholesale cash market
 
Answer & Explanation Answer: C) Bullion Market

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Q:

Which of the following is false?

A) Hydrogen atom is roughly a third of the mass of tritium B) Deuterium is called heavy hydrogen
C) Deuterium atom has 1 neutron D) Protium is the rarest isotope of hydrogen
 
Answer & Explanation Answer: D) Protium is the rarest isotope of hydrogen

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