Questions

Q:

In economic equilibrium _____

A) supply is equal to the demand. B) the surplus is larger than the shortage.
C) elasticity of demand equals elasticity of supply D) price elasticity of demand is unity
 
Answer & Explanation Answer: A) supply is equal to the demand.

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Q:

Reema wants to buy a certain designer party dress. The shop is offering a discount of 20% on that dress which is marked at Rs 5000. If Reema was willing to pay even Rs 7000 for that dress, Reema's consumer surplus is

A) Rs 3000 B) Rs 2000
C) Rs 1000 D) Rs 7000
 
Answer & Explanation Answer: A) Rs 3000

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Q:

Who is the only Indian economist to have won the Nobel prize?

A) Avinash Dixit B) Amit Mishra
C) Amartya Sen D) Abhijit Banerjee
 
Answer & Explanation Answer: C) Amartya Sen

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Q:

In 2016, the State Bank of India launched a new product called 'SBI Exclusif'. What is the financial nature of this product?

A) Insurance B) Mutual Fund Offering
C) Wealth Management D) Recurring Deposit Scheme
 
Answer & Explanation Answer: C) Wealth Management

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Q:

Find the odd word/letters/number from the given alternatives.

A) 93 B) 79
C) 97 D) 89
 
Answer & Explanation Answer: A) 93

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Q:

A series is given, with one term missing. Choose the correct alternative from the given ones that will complete the series.

DF, GJ, KM, NQ, RT, ?

A) EI B) UX
C) UV D) XY
 
Answer & Explanation Answer: B) UX

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Q:

Which country hosted the Asian Women's Boxing Championship in 2017 when India's iconic boxer Mary Kom won gold?

A) Vietnam B) China
C) Indonesia D) Japan
 
Answer & Explanation Answer: A) Vietnam

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Q:

Which one of the following names is associated with golf?

A) Gurmeet Singh B) H.S. Prannoy
C) S.S.P Chawrasia D) Chetan Anand
 
Answer & Explanation Answer: C) S.S.P Chawrasia

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