Questions

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:

The goods which people consume more, when their price rises are called _______.

A) Essential goods B) Capital goods
C) Veblen goods D) Giffen goods
 
Answer & Explanation Answer: D) Giffen goods

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Q:

__________ of an input is defined as the change in output per unit of change in the input when all other inputs are held constant.

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: A) Marginal product

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Q:

If demand curve for racing cycles is D = 80200 ­ 13P and supply curve is S = 6200 + 12P, What is the equilibrium Quantity?

A) 2960 units B) 31220 units
C) 8750 units D) 41720 units
 
Answer & Explanation Answer: D) 41720 units

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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 ‘National Trade Facilitation Action Plan’ has been formulated for implementation of World Trade Organisation’s Trade Facilitation Agreement(TFA). It will be implemented in between the years ______.

A) 2017-20 B) 2018-20
C) 2018-21 D) 2019-22
 
Answer & Explanation Answer: A) 2017-20

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Q:

What is the name of first solar mission of Indian Space Research Organisation set to be launch in 2019?

A) Halo–L1 B) Aditya–L1
C) Corona–L1 D) Ravi – L1
 
Answer & Explanation Answer: B) Aditya–L1

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