Questions

Q:

In economic equilibrium _____

A) supply is equal to the demand. B) the surplus is larger than the shortage.
C) elasticity of demand equals elasticity of supply D) price elasticity of demand is unity
 
Answer & Explanation Answer: A) supply is equal to the demand.

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Q:

Reema wants to buy a certain designer party dress. The shop is offering a discount of 20% on that dress which is marked at Rs 5000. If Reema was willing to pay even Rs 7000 for that dress, Reema's consumer surplus is

A) Rs 3000 B) Rs 2000
C) Rs 1000 D) Rs 7000
 
Answer & Explanation Answer: A) Rs 3000

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Q:

If an unintended increase in business inventories occurs

A) aggregate expenditures must exceed the domestic output B) we can expect businesses to lower the level of production
C) we can expect aggregate production to be unaffected D) we can expect businesses to increase the level of production
 
Answer & Explanation Answer: B) we can expect businesses to lower the level of production

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Q:

In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

The quest for a _____ life engrosses every human being on this earth. Everyman tends to define a happy life in a _____ individualistic fashion. _____have attempted to define a happy life in various terms. Hedonists have a _____ notion that happiness lies in the _____ of physical appetites.

on this earth. Everyman tends to define a happy life in a _____ individualistic fashion.

A) distinctly B) identically
C) similar D) serious
 
Answer & Explanation Answer: A) distinctly

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Q:

Find the resistance (in mega Ω) of a wire of length 10 m, cross sectional area 1 cm2 and made of a material of resistivity 100 Ωm.

 

A) 1000   B) 20  
C)  500   D) 10
 
Answer & Explanation Answer: D) 10

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

The bigger a group the less are the chances of an individual (get) the requisite attention when necessary.

 

A) getting B) to get
C) got D) no improvement
 
Answer & Explanation Answer: A) getting

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

 

The battle (had been raging) for some time.

 

A) have been raging B) have been raged
C) had being raged D) no improvement
 
Answer & Explanation Answer: D) no improvement

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

 

The realisation came when we noticed that our children (had becoming) too dependent on us.

 

A) had become B) has became
C) has become   D) no improvement
 
Answer & Explanation Answer: A) had become

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