Questions

Q:

The demand for a inferior good increases with ________ in the consumer's income.

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

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Q:

Which of the following brings out the 'Consumer Price Index Number' for Industrial workers?

A) RBI B) The Labour Bureau
C) Commerce Department D) NITI Ayog
 
Answer & Explanation Answer: B) The Labour Bureau

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Q:

Buying and Selling products are examples of

A) investing activities. B) operating activities.
C) delivering activities. D) financing activities.
 
Answer & Explanation Answer: B) operating activities.

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four andindicate it by selecting the appropriate option.

He was sworn _____ as the Prime Minister of our country

A) in B) off
C) about D) it
 
Answer & Explanation Answer: A) in

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Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand B) Law of supply
C) Law of substitution D) Law of optimal choice
 
Answer & Explanation Answer: A) Law of demand

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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:

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:

Narcolepsy is a disorder in which a person

A) has excessive daytime sleepiness B) has excess heart rate
C) has excess body pains D) All the above
 
Answer & Explanation Answer: A) has excessive daytime sleepiness

Explanation:

 

Narcolepsy is a disorder in which a person has excessive daytime sleepiness, sleep/wake disorder.

 

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