Questions

Q:

If price of an article decreases from Rs. 25 to Rs. 20, quantity demanded increases from Q1 units to 1500 units. If point elasticity of demand is -1.25, find Q1?

A) 900 units B) 1200 units
C) 1800 units D) 2000 units
 
Answer & Explanation Answer: B) 1200 units

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If a person's income increases from Rs. 10 lakhs per year to Rs. 11 lakhs per year and tax increases from Rs. 80,000 to Rs. 92,500 the marginal tax rate is

A) 12.50% B) 8%
C) 10% D) 15%
 
Answer & Explanation Answer: A) 12.50%

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Q:

In which market form, a market or an industry is dominated by a single seller?

A) Oligopoly B) Monopoly
C) Duopoly D) Monopolistic Competition
 
Answer & Explanation Answer: B) Monopoly

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Q:

The GST (Goods and Services Tax), recently passed by Government will be levied on which of the following products?

A) Petroleum Crude B) Tobacco
C) Natural Gas D) Aviation Turbine Fuel
 
Answer & Explanation Answer: B) Tobacco

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Q:

A newborn human baby is fed with the first secretion called colostrum from mammary gland. What does colostrum impart?

A) Factors for growth B) Immunity
C) Sleepiness D) Nutrition for development
 
Answer & Explanation Answer: B) Immunity

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Filed Under: Biology
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Q:

Non-metal oxides are usually

A) acidic B) amphoteric
C) neutral D) basic
 
Answer & Explanation Answer: A) acidic

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Filed Under: Chemistry
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Q:

__________ acts as a shield absorbing ultraviolet radiation from the sun.

A) Chlorofluorocarbons B) Stratosphere
C) Ozone hole D) Greenhouse
 
Answer & Explanation Answer: B) Stratosphere

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Filed Under: General Science
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Q:

Diamond does not conduct electricity, because

A) It's structure is very compact B) It is of crystalline nature
C) There are only carbon atoms present in it D) No free electrons are present in it
 
Answer & Explanation Answer: D) No free electrons are present in it

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Filed Under: Physics
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