Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select ‘No Error’.

One of the hazard of swimming (1)/ in the ocean is an unexpected (2)/ encounter with a jellyfish. (3)/ No error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: A) 1

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Q:

Nitrogen fixation is a process of

A) Assimilation of nitrate B) Utilisation of nitrogen gas
C) Conversion of organic nitrogen to proteins D) Conversion of molecular nitrogen to ammonia
 
Answer & Explanation Answer: C) Conversion of organic nitrogen to proteins

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option.
If a sentence is free from error, select ‘No error’.
If you had (1)/ told me earlier (2)/ I will help you. (3)/ No Error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

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Q:

"The General Equilibrium Analysis" was developed by

A) Marshall B) Ricardo
C) Walras D) Adam Smith
 
Answer & Explanation Answer: C) Walras

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Q:

How many groups and periods are present in the Modern Periodic Table?

A) 9 groups, 9 periods B) 7 groups, 8 periods
C) 18 groups, 7 periods D) 8 groups, 7 periods
 
Answer & Explanation Answer: C) 18 groups, 7 periods

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Q:

Terminal velocity ________.

A) first increases before decreasing B) is constant
C) first decreases before increasing D) always keeps on increasing
 
Answer & Explanation Answer: B) is constant

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Q:

After a credit card transaction has been authorized by theissuing bank by sending an authorization code to themerchant, the settlement stage of the process begins. Whichof the following is a system type used to process suchstatements?

A) Multitasking B) Memory Processing
C) Level Processing D) Batch Processing
 
Answer & Explanation Answer: D) Batch Processing

Explanation:

After a credit card transaction has been authorized bythe issuing bank by sending an authorization code tothe merchant, the settlement stage of the processbegins. This is called batch processing because anumber (or batch) of transactions is settled all at onetime.

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