Q:

In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?

A) Food processing	B) Petro-chemical
C) Chemicals other than fertilizers	D) Telecommunications

Answer & Explanation Answer: D) Telecommunications

Explanation:

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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied	B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity	D) elasticity of demand equals elasticity of supply

Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

If demand curve for an electric tooth brush is D = 25000 - 7P and supply curve is S = 10000 + 8P, find the equilibrium Price?

A) Rs 150	B) Rs 1000
C) Rs 400	D) Rs 50

Answer & Explanation Answer: B) Rs 1000

Explanation:

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Q:

Which would most likely increase aggregate supply?

A) A decrease in net exports	B) A decrease in business subsidies
C) An increase in productivity	D) An increase in the prices of imported products

Answer & Explanation Answer: D) An increase in the prices of imported products

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Q:

Which of the following best defines disposable income?

A) income received by households less personal taxes	B) the before-tax income received by households
C) all income earned by resource suppliers for their current contributions to production	D) the market value of the annual output net of consumption of fixed capital

Answer & Explanation Answer: A) income received by households less personal taxes

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Q:

Where in the human body can you find the islets of Langerhans?

A) Small intestine	B) Pancreas
C) Stomach	D) Heart

Answer & Explanation Answer: B) Pancreas

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Q:

Which one of the following statements is not correct with respect to Article 32 of the Constitution of India?

A) It provides remedies to citizens for the enforcement of fundamental rights.	B) It is a part of fundamental rights.
C) The Supreme Court cannot refuse a writ petition under Article 32 on the ground of delay.	D) Protection under Article 32 also applies to the enforcement of ordinary law which has nothing to do with the fundamental rights.

Answer & Explanation Answer: D) Protection under Article 32 also applies to the enforcement of ordinary law which has nothing to do with the fundamental rights.

Explanation:

Protection under Article 32 applies only to the fundamental rights as provided by the Constitution.

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Q:

Where is the headquarters of United Nations Conference on Trade and Development (UNCTAD) located?

A) Rome, Italy	B) Geneva, Switzerland
C) New York City, US	D) Montreal, Canada

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