Questions

Q:

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

A) same B) higher
C) lower D) minimum
 
Answer & Explanation Answer: A) same

Explanation:
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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:

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 process is not associated with mechanical weathering?

A) reactions with oxygen B) frost wedging
C) biological oxygen activity D) unloading
 
Answer & Explanation Answer: A) reactions with oxygen

Explanation:

The process that occurs when physical forces break rock into smaller pieces without changing the rock's chemical composition is called mechanical weathering.

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Q:

Which institute launches Bharat Inclusive Initiative?

A) IIT Bombay B) IIM Ahmedabad
C) IIT Kharagpur D) IIM Calcutta
 
Answer & Explanation Answer: B) IIM Ahmedabad

Explanation:

IIM Ahmedabad launches Bharat Inclusive Initiative.
IIM-Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched a Bharat Inclusion Initiative to build knowledge and foster innovation and entrepreneurial activity across areas such as financial inclusion, livelihood, education and
health. Centre for Innovation Incubation and Entrepreneurship (CIIE) at IIM Ahmedabad helps entrepreneurs turn ideas into viable businesses.

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Q:

Money in India consists of ___________.

A) paper currency B) current deposits
C) metallic coins D) All options are correct
 
Answer & Explanation Answer: D) All options are correct

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Q:

Which Indian industrialist who was elected as the Chairman of the International Chamber of Commerce (ICC) in 2016 ?

A) Anil Ambani B) Sunil Mittal
C) Mukesh Ambani D) Lakshmi Mittal
 
Answer & Explanation Answer: B) Sunil Mittal

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Q:

NABARD sanctioned a loan assistance of Rs 1350 crore to Rajasthan under the ‘RIDF’. What does ‘R’ stand for in ‘RIDF’?

 

A) Rapid B) Re-arrange
C) Rural D) Response
 
Answer & Explanation Answer: C) Rural

Explanation:
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