2
Q:

Which of the following should always be balanced in the foreign trade of India?

 

 

A) Balance of Trade B) Balance of Paymen
C) Balance of Current Account D) No option is correct

Answer:   B) Balance of Paymen



Explanation:
Subject: Indian Economy
Exam Prep: Bank Exams
Q:

A basic concept in economics is that all resources are

A) Valuable B) Limited
C) Renewable D) Allocated
 
Answer & Explanation Answer: B) Limited

Explanation:

The basic concept in economics is that all resources are limited.

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1 2157
Q:

A trial balance is prepared to

A) measure credits B) measure debits
C) measure credits = debits are not D) None of the above
 
Answer & Explanation Answer: C) measure credits = debits are not

Explanation:
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1 1544
Q:

The real wage will rise if the nominal wage

A) increases more rapidly than the general price level. B) increases at the same rate as labor productivity.
C) falls more rapidly than the general price level. D) falls at the same rate as the general price level.
 
Answer & Explanation Answer: A) increases more rapidly than the general price level.

Explanation:
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0 1307
Q:

Bilateral monopoly occurs where

Answer

Bilater monopoly occurs in a market where a single seller i.e, a only one monopoly and a single buyer i.e, one monopsony exists.

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Subject: Indian Economy Exam Prep: AIEEE , Bank Exams , CAT , GATE
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0 1754
Q:

Another name for false productivity is

A) making poor decisions B) filling your mind with negative self-talk
C) driving toward success D) spinning your wheels
 
Answer & Explanation Answer: D) spinning your wheels

Explanation:

Another name for false productivity is Spinning your wheels. They use the term for false productivity because your wheels are spinning as you're doing work but you're not going anywhere i.e, making any progress.

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2 1617
Q:

Supply curves tend to be

A) more elastic in the long run, because there is time for firms to enter or leave the industry. B) less elastic in the long run, because there is time for firms to enter or leave an industry.
C) perfectly elastic in the long run, because consumer demand will have sufficient time to adjust fully to changes in supply. B. D) None of the above
 
Answer & Explanation Answer: A) more elastic in the long run, because there is time for firms to enter or leave the industry.

Explanation:

Supply curves tend to be more elastic in the long run, because there is time for firms to enter or leave the industry.

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1 1538
Q:

Sociologists define the concept of "race" as

A) a socially constructed category composed of people who share biologically transmitted traits that members of a society consider important. B) people who fall into any minority category.
C) a cultural heritage shared by a category of people. D) a person's skin color.
 
Answer & Explanation Answer: A) a socially constructed category composed of people who share biologically transmitted traits that members of a society consider important.

Explanation:

Sociologists define the concept of "race" as a socially constructed category composed of people who share biologically transmitted traits that members of a society consider important.

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0 1317
Q:

How long is your TABC certification valid?

A) 1 year B) 2 years
C) 4 years D) 6 months
 
Answer & Explanation Answer: B) 2 years

Explanation:

TABC stands for Texas Alcoholic Beverage Commission. The Texas Alcoholic Beverage Commission regulates the sales, taxation, production, trade, and advertising of alcoholic beverages in Texas. Alcohol Seller/server Training regulated by this regulatory body is also called TABC Certification. It makes the rules the rest of us have to follow, and if you want to get a job serving alcohol in Texas, getting TABC certified is your first step.

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