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Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: D) decrease; increase

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Q:

What is the full form of ASSOCHAM?

A) Associated Chambers of Commerce and Industry B) Association of Commerce
C) Associated Commerce D) Associated Chambers in India
 
Answer & Explanation Answer: A) Associated Chambers of Commerce and Industry

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Q:

The instrument used to determine the rotation speed of a shaft is called

A) Speedometer B) Tachometer
C) Anemometer D) Chronometer
 
Answer & Explanation Answer: B) Tachometer

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Q:

Speakers can establish credibility by 

A) using professionally designed visual aids B) describing their qualifications
C) previewing their main points D) getting the audience involved
 
Answer & Explanation Answer: B) describing their qualifications

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Q:

Ozone hole is caused by chemicals like _____.

A) Nitrogen Oxide B) Hydrogen Sulphide
C) Chloro Fluoro Carbon D) Carbon Monoxide
 
Answer & Explanation Answer: C) Chloro Fluoro Carbon

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Q:

The functioning of a very old model pendulum clock was completely

A) Mechanical B) Mechanical and electrical
C) Electrical D) Battery operated
 
Answer & Explanation Answer: A) Mechanical

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Q:

In a cut motion, when the amount of demand is reduced by Rs 100/­ , it is known as

A) Disapproval of policy cut B) Economy cut
C) Vote on Account D) Token cut
 
Answer & Explanation Answer: D) Token cut

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Q:

What is a bank rate?

A) Rate at which Central bank of a country advances loans to other banks in the country B) Rate at which banks advance loans to the customers
C) Rate at which banks lend among themselves D) Rate at which banks lend to money lenders
 
Answer & Explanation Answer: A) Rate at which Central bank of a country advances loans to other banks in the country

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