Questions

Q:

___ are the carriers of heredity material.

A) Genetics B) Genes
C) Gametes D) Germ cells
 
Answer & Explanation Answer: B) Genes

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Q:

Stagflation is defined as

A) low inflation, low growth, low unemployment B) high inflation, low growth, high unemployment
C) high inflation, high growth, high unemployment D) low inflation, high growth, low unemployment
 
Answer & Explanation Answer: B) high inflation, low growth, high unemployment

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Q:

The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.

A) Resource Probability Set B) Production Probability Set
C) Resource Possibility Set D) Production Possibility Set
 
Answer & Explanation Answer: D) Production Possibility Set

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) I prefer B) this book
C) than that one. D) No error
 
Answer & Explanation Answer: C) than that one.

Explanation:

‘prefer’ is a verb that is always followed by the preposition ‘to’ expressing choice or preference over something else. In this case choice of ‘this book’ over the ‘other’ one. ‘Than’ is used for comparing to options, ‘prefer to’ expresses choice. Correct expression will be ‘to that one’.

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Q:

Which among the following cannot be included among greenhouse gases?

A) Nitrous Oxide B) Carbon Dioxide
C) Methane D) Phosphine
 
Answer & Explanation Answer: D) Phosphine

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Q:

Which of the following sets of taxes belongs to Central Government?

A) Excise duty, Sales tax and Custom duty B) Income tax, Custom duty and House tax
C) Excise duty, Custom duty and Income tax D) Custom duty, Entertainment tax and Income tax
 
Answer & Explanation Answer: C) Excise duty, Custom duty and Income tax

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Q:

In which of the following market forms, a firm does not exercise control over price?

A) Monopoly B) Perfect competition
C) Oligopoly D) Monopolistic competition
 
Answer & Explanation Answer: B) Perfect competition

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Q:

Earnings per share are calculated by dividing

A) (net income less preferred stock dividends) by average common shares outstanding. B) gross profit by average common shares outstanding.
C) net sales by average common shares outstanding. D) net income by average common shares outstanding.
 
Answer & Explanation Answer: A) (net income less preferred stock dividends) by average common shares outstanding.

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