Questions

Q:

Macro economics deals with

A) the circular flow of income B) the decision making of a single economic variable like demand
C) resource allocation at firm level D) equilibrium prices and quantities
 
Answer & Explanation Answer: A) the circular flow of income

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Q:

Increase in the demand for a good will cause the equilibrium price of the good to ________ and the equilibrium quantity to _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: A) increase; increase

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Q:

Which of these countries got Independence from United Kingdom?

A) Uzbekistan B) India
C) Venezuela D) South Korea
 
Answer & Explanation Answer: B) India

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Q:

Management accountants would not

A) prepare reports primarily for external users. B) be concerned with the impact of cost and volume on profits
C) assist in budget planning. D) determine cost behavior.
 
Answer & Explanation Answer: A) prepare reports primarily for external users.

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Q:

In the following questions, 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.

Literature is a _____ through which a person conveys his ideas towards or protest _____ different norms of society. The words that deal with a _____ issue are ofparticular importance in literature. They are _____ with a particular purpose in _____.

Literature is a _____ through which a person

A) base B) medium
C) source D) subject
 
Answer & Explanation Answer: B) medium

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Q:

In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

It is not _____ to ignore all allegations of booth capturing and rigging as murmurs of _____ losers. _____ have come to light of intimidation of whole villages and communities to make them vote for a particular candidate or party. At times election officials have been _____ by unscrupulous politicians into turning a blind eye to _____ practices.

_____ have come to light of intimidation of whole villages and communities

A) instances B) sources
C) reasons D) Ideas
 
Answer & Explanation Answer: A) instances

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Q:

Which of the following is used to get relief when you have been stung by a honeybee?

A) Common salt B) Baking soda
C) Acetic acid D) Washing soda
 
Answer & Explanation Answer: B) Baking soda

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Q:

Hindustan Socialist Republican Association was founded by

A) Subhash Chandra Bose B) Vinayak Damodar Savarkar
C) Jayaprakash Narayan D) Bhagat Singh
 
Answer & Explanation Answer: D) Bhagat Singh

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