Questions

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:

The _________ balance is equal to capital flows from the rest of the world, minus capital flows to the rest of the world.

A) Current Account B) Savings Account
C) Capital Account D) Asset Account
 
Answer & Explanation Answer: C) Capital Account

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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 word development in economics pertains to

A) democratic countries B) third world countries
C) advanced countries D) undeveloped countries
 
Answer & Explanation Answer: B) third world countries

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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:

Researchers at the University of Illinois have discovered new form of matter called Excitonium which was coined by ______ in the 1960’

A) Bertrand Halperin B) Eugene Wigner
C) Paul Dirac D) Felix Bloch
 
Answer & Explanation Answer: A) Bertrand Halperin

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

These five sisters (1)/ care for one other (2)/ like mothers. (3)/ No Error (4)/

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

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Q:

A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.


My brother, David, was always close to our grandmother. Both of them shared a love of Mother Nature and of food that they had grown themselves. Whenever his schedule permitted, he would drop in for a short visit and a cup of coffee. One day, when he found no one home, he left a chunk of dirt on her porch. This started what was later to be known as his "calling card". Grandmother would come home occasionally and instantly know that Dave had been by when she spotted the chunk of dirt on her porch.

Although Grandmother had a poor upbringing in Italy, she managed to do well in the United States. She was always healthy and independent and enjoyed a fulfilling life. Recently she had a stroke and died. Everyone was saddened by her death. David was disconsolate. His life­long friend was now gone.

Grandmother enjoyed a _____ life.

A) healthy but sickly B) good and healthy
C) rich but sickly D) poor and healthy
 
Answer & Explanation Answer: B) good and healthy

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