Questions

Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3% B) 10%
C) 2.50% D) 7%
 
Answer & Explanation Answer: B) 10%

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Q:

Which of the following brings out the 'Consumer Price Index Number' for Industrial workers?

A) RBI B) The Labour Bureau
C) Commerce Department D) NITI Ayog
 
Answer & Explanation Answer: B) The Labour Bureau

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Q:

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

A) same B) higher
C) lower D) minimum
 
Answer & Explanation Answer: A) same

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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:

Insure payment of minimum wages for tea leave pickers

A) will improve quality of tea. B) will reduce unemployment of tea leave pickers.
C) decreases unemployment. D) will increase picking cost for all tea companies.
 
Answer & Explanation Answer: D) will increase picking cost for all tea companies.

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

The closure ______ the workers adversely.

 

A) expected   B) effected  
C) accepted   D) affected
 
Answer & Explanation Answer: D) affected

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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

What is the heat generated (in J) in a heating element of resistance 800 Ω when a current of 0.2 A passes through it for 40 seconds?

 

A) 6400   B) 1280  
C) 640   D) 3200
 
Answer & Explanation Answer: B) 1280  

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Q:

On 5 January 2018, Lok Sabha passed High Court and Supreme Court Judges (Salaries and Conditions of Service) Amendment Bill, 2017. The Bill seeks to revise the pension for Chief Justice of India to a maximum of how much amount per annum?

 

A) Rs 16,80,000   B) Rs 20,80,000  
C) Rs 25,80,000   D) Rs 10,80,000  
 
Answer & Explanation Answer: A) Rs 16,80,000  

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