Questions

Q:

This tax is entirely borne by the entity it is levied upon and cannot be passed.

A) Direct tax B) Indirect tax
C) Straight tax D) Advance tax
 
Answer & Explanation Answer: A) Direct tax

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Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent B) 7.8 percent
C) 10.2 percent D) 10 percent
 
Answer & Explanation Answer: A) 7.5 percent

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Q:

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?

A) 80 units B) 90 units
C) 60 units D) 50 units
 
Answer & Explanation Answer: C) 60 units

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Q:

Which of the following salts is acidic in nature?

A) Sodium Carbonate B) Ammonium Phosphate
C) Magnesium Sulphate D) Sadium Acetate
 
Answer & Explanation Answer: A) Sodium Carbonate

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Q:

The centre of the reflecting surface of a spherical mirror is a point called the ___.

A) pole B) focus
C) radius D) aperature
 
Answer & Explanation Answer: A) pole

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Q:

Light can travel ___ km in a year.

A) 5 billion B) 10 billion
C) 5 trillion D) 10 trillion
 
Answer & Explanation Answer: D) 10 trillion

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Q:

Article 44 of the Indian Constitution "Uniform civil code for the citizens" deals with _____.

A) the directive principles of state policy B) the Union Government
C) the State Government D) the fundamental rights of the Indian Citizen
 
Answer & Explanation Answer: A) the directive principles of state policy

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Q:

'Ganga Action Plan' initiated by the Union Government aims at

A) Streamlining the flow of Ganga river B) Reduction of pollution on Ganga river
C) Efficient use of Ganga water for irrigation D) Using Ganga river for generating hydel energy
 
Answer & Explanation Answer: B) Reduction of pollution on Ganga river

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