Questions

Q:

In a centrally planned economy, the ____________ plans all the important activities in the economy.

A) Industrialists B) Citizens
C) Government D) Judiciary
 
Answer & Explanation Answer: C) Government

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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

A) Rs 7200 B) Rs 9000
C) Rs 14400 D) Rs 19800
 
Answer & Explanation Answer: C) Rs 14400

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Q:

Macro economics deals with

A) the circular flow of income B) the decision making of a single economic variable like demand
C) resource allocation at firm level D) equilibrium prices and quantities
 
Answer & Explanation Answer: A) the circular flow of income

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Q:

Which of the following changes when a body performs uniform circular motion?

A) Mass B) Momentum
C) Speed D) Direction
 
Answer & Explanation Answer: D) Direction

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Q:

A 5 kg object is raised through a height of 4 m. The work done by the force of gravity acting on the object is (take g = 10 m/s2)

 

A) 200j B) 20j
C) -20j D) -200j
 
Answer & Explanation Answer: D) -200j

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Q:

Who is the current director of Research and Analysis Wing (RAW), India's foreign intelligence service?

A) Kiran Bedi B) Anil Kumar Dhasmana
C) Dineshwar Sharma D) Ajit Doval
 
Answer & Explanation Answer: B) Anil Kumar Dhasmana

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Q:

The Indian and Japanese Prime Ministers have recently signed a high-spend rail project deal that will connect Mumbai with which major city?

A) Bangalore B) Hyderabad
C) Ahmedabad D) New Delhi
 
Answer & Explanation Answer: C) Ahmedabad

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