Questions

Q:

Find arc elasticity of demand, if quantity demanded falls from 4600 to 4200 when price of the item is increased from Rs 960 to Rs 1000?

A) -2.23 B) -­2.09
C) 2.23 D) 2.09
 
Answer & Explanation Answer: A) -2.23

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Q:

If demand curve for trekking boots is D = 67500 - 18P and supply curve is S = 22500 + 12P, find the equilibrium Price?

A) 1500 B) 750
C) 2250 D) 500
 
Answer & Explanation Answer: A) 1500

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.


P: When you read a book you are focusing your attention on the conceptual ideas in the book.
Q: Self awareness is developed through practices in focusing your attention on the details of your personality and behavior which isn’t learned from reading a book.
R: You can develop an intellectual understanding of the ideas of self awareness from a book, but this is not the same.
S: With your attention in a book you are practicing not paying attention to your own behavior, emotions and personality.

A) SQPR B) QPSR
C) PQRS D) PRSQ
 
Answer & Explanation Answer: B) QPSR

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Q:

Goods which are consumed together are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: C) Complementary goods

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Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

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

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Q:

Bandhavgarh National Park is in which state?

A) Rajasthan B) Chhattisgarh
C) Uttar Pradesh D) Madhya Pradesh
 
Answer & Explanation Answer: D) Madhya Pradesh

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Filed Under: Indian Geography
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Q:

Which compound is used in Anti-malarial drug?

A) Aspirin B) Neosporin
C) Chloroquin D) Antacid
 
Answer & Explanation Answer: C) Chloroquin

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Filed Under: Chemistry
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Q:

Kangana Ranaut has won how many National awards?

A) 4 B) 3
C) 2 D) 1
 
Answer & Explanation Answer: B) 3

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Filed Under: Honours and Awards
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