Questions

Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist B) Socialist
C) Mixed D) Both Capitalist and Socialist
 
Answer & Explanation Answer: A) Capitalist

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Q:

__________ resources are those resources whose quantity is known.

A) Natural resources B) Actual resources
C) Potential resources D) Abiotic resources
 
Answer & Explanation Answer: B) Actual resources

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Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic B) indifferent
C) market demand D) diminishing
 
Answer & Explanation Answer: C) market demand

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Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

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Q:

Hindustan Socialist Republican Association was founded by

A) Subhash Chandra Bose B) Vinayak Damodar Savarkar
C) Jayaprakash Narayan D) Bhagat Singh
 
Answer & Explanation Answer: D) Bhagat Singh

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Q:

'Freedom Trail' is a 2.5 mile long passage that offers a rich insight into the American Revolution. In which US city would you find this famous and historic trail?

A) Boston B) Memphis
C) Denver D) Connecticut
 
Answer & Explanation Answer: A) Boston

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Q:

Who among the following participated in the 'Chittagong' armoury raid as part of freedom movement?

A) Ganesh Joshi B) Kalpana Chawla
C) Ananta Waddedar D) Preetilata Waddedar
 
Answer & Explanation Answer: D) Preetilata Waddedar

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Q:

From the given answer figures, select the one in which the question figure is hidden.

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

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