Questions

Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3% B) 10%
C) 2.50% D) 7%
 
Answer & Explanation Answer: B) 10%

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Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores B) Rs. 52 crores
C) Rs. 18 crores D) Rs. 38 crores
 
Answer & Explanation Answer: C) Rs. 18 crores

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Q:

What denotes offering several products for sale as one combined product?

A) Advertisement B) Product mix
C) Product bundling D) Differentiation
 
Answer & Explanation Answer: C) Product bundling

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Q:

Which  one  of  the  following  constitutional authorities  inquires  and  decides  in  case  of doubts  and  disputes  arising  out  of  election of  the  President  and  Vice  President  Of India?

A) The Supreme Court of India B) The Election Commission of India
C) The Parliamentary Committee D) The High Court of Delhi
 
Answer & Explanation Answer: A) The Supreme Court of India

Explanation:

Supreme     Court     inquires     and decides   in   case   of   doubts   and disputes  arising  out  of  elections  of President    and    Vice    president.

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Q:

Kinetic energy is equal to

A) 1/2 mv2 B) mgh
C) mv D) Ma
 
Answer & Explanation Answer: A) 1/2 mv2

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Q:

The    Indian    Navy    in    October    2016 commissioned   the   highly   maneuverable fast  attack  craft  INS  Tihayu.  INS  Tihayu would be based in

A) Kochi B) Panaji
C) Visakhapatnam D) Mumbai
 
Answer & Explanation Answer: C) Visakhapatnam

Explanation:

The Indian Navy commissioned the highly   manoeuvrable   fast   attack craft  INS  Tihayu  at  the  Eastern Naval   Command   on   19   October 2016.  The  ship  was  commissioned at  Visakhapatnam  under  the  Naval Officer-in-Charge (Andhra Pradesh) and  would  be  deployed  for  coastal patrol  and  surveillance  operations along the Eastern Coast.

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Q:

On 5 March 2017, who launched an artificial intelligence – driven chatbot named ‘EVA (Electronic Virtual Assistant)’ for customer services? 

 

A) ICICI Bank B) State Bank of India
C) HDFC Bank D) Bank of Baroda
 
Answer & Explanation Answer: C) HDFC Bank

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Q:

Who among the following is the vice-chairman of NITI Aayog as of 2018?

A) Narendra Modi B) Ajit Tyagi
C) Rajiv Kumar D) Arving Panagariya
 
Answer & Explanation Answer: C) Rajiv Kumar

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