Questions

Q:

The demand for a normal good decreases with ________ in the consumer's income.

A) increase B) decrease
C) constant D) double
 
Answer & Explanation Answer: B) decrease

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Q:

The unemployment created at certain times of the year, when the demand for goods and services are lower than normal, is _____.

A) Cyclical unemployment B) Frictional unemployment
C) Seasonal unemployment D) Structural unemployment
 
Answer & Explanation Answer: C) Seasonal unemployment

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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:

The consumption schedule relates:

A) disposable income to domestic income. B) consumption to the level of disposable income.
C) consumption to saving. D) saving to the level of disposable income.
 
Answer & Explanation Answer: B) consumption to the level of disposable income.

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Q:

The demand curve facing a perfectly competitive firm is

A) downward sloping B) perfectly inelastic
C) a concave curve D) perfectly elastic
 
Answer & Explanation Answer: D) perfectly elastic

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Q:

Sleep apnea is related to ___ while sleeping.

A) Walking B) Talking
C) Snoring D) Smiling
 
Answer & Explanation Answer: C) Snoring

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Q:

Which of the following metals does NOT react with cold or hot water?

A) Aluminium B) Potassium
C) Sodium D) Calcium
 
Answer & Explanation Answer: A) Aluminium

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Q:

In the given question, a statement divided into different segments is given. The first segment is fixed, rearrange the other segments to form a coherent statement.

The federation was keen on maintaining an/ exclusive membership profile and thus introduced (P)/ segregational policies adopted by premier organizations (Q)/ an invite- only policy for the new entrants (R)/ causing a sudden outcry against the (S)

A) PRSQ B) SRPQ
C) PQRS D) QSRP
 
Answer & Explanation Answer: A) PRSQ

Explanation:

'an' at the end of the first fixed segment indicates that Q, R and S can't follow the first segment. This leaves us with only one choice i.e. P. This eliminates options 2, 4, and 5.

There are only two such options: option A1and 3. Option 3 can be eliminated since part S ends with 'the' which can't be used as the end of the master statement. Hence, the correct sequence is PRSQ

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