Questions

Q:

Full employment is the level at which there is _____.

A) no frictional unemployment B) no cyclical unemployment
C) no structural unemployment D) no unemployment
 
Answer & Explanation Answer: B) no cyclical unemployment

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Q:

If for the year a country's GDP was $ 1315 million, consumer spending was $900 million, investment by businesses was $180 million, exports were $85 million and imports were $100 million, calculate government spending?

A) $220 million B) $250 million
C) $580 million D) $610 million
 
Answer & Explanation Answer: B) $250 million

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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:

What does UFO stand for?

A) Under Fire Object B) Unidentified Flying Object
C) Unapproved Foreign Object D) Unidentified Free Object
 
Answer & Explanation Answer: B) Unidentified Flying Object

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Q:

World Climate conference popularly known as COP-21 (2015) was held in ___.

A) New York B) London
C) Paris D) Berlin
 
Answer & Explanation Answer: C) Paris

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Q:

The planet Mars is also known as the ____.

A) Morning star B) Evening star
C) Red planet D) Blue planet
 
Answer & Explanation Answer: C) Red planet

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Q:

An object of 5.0 kg is raised through a height of 2.0m. The work done in the process is

A) 49 J B) 10 J
C) 19.6 J D) 98 J
 
Answer & Explanation Answer: D) 98 J

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Q:

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity?

A) 20000 B) 10000
C) 15000 D) 12000
 
Answer & Explanation Answer: A) 20000

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