Questions

Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

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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:

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 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:

In the following question, a sentence has been given in Active/Passive Voice. Out of the four alternatives suggested, select the one which best expresses the same sentence in Passive/Active Voice.

 

They found him lying dead on the roadside.

 

A) The roadside found him lying dead. B) He was lying dead found by the roadside.
C) Lying by the roadside, he was found dead. D) He was found lying dead by the roadside.
 
Answer & Explanation Answer: D) He was found lying dead by the roadside.

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Q:

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

 

It so haappens that_____ siblings sing one of_____invariably has a less_____ vocal prowess even though______ have a similarly commendable ____base.

 


siblings sing one of _______

 

A) they B) their
C) those D) them
 
Answer & Explanation Answer: D) them

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Q:

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

 


The conditions ______ which democracy can _______ are _______ to ________ ; but one thing is _______ that democracy is always a slow growth, whereas dictators may _____ to ______ and _______ a new _______ with dramatic success, under _______ conditions.

 


whereas dictators may _____

 

A) rise B) jump
C) grow D) succeed
 
Answer & Explanation Answer: A) rise

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