Questions

Q:

Select the missing number from the given alternatives

A) 19 B) 22
C) 26 D) 25
 
Answer & Explanation Answer: D) 25

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Q:

In which of the following market forms, a firm does not exercise control over price?

A) Monopoly B) Perfect competition
C) Oligopoly D) Monopolistic competition
 
Answer & Explanation Answer: B) Perfect competition

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Q:

Long run growth in GDP is determined by

A) Capital stocks B) Labour force
C) Both 1 & 2 D) None
 
Answer & Explanation Answer: C) Both 1 & 2

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Q:

A fungal cell wall is made of :

A) lignin B) hemi-cellulose
C) chitin D) cellulose
 
Answer & Explanation Answer: C) chitin

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) One of the most interesting feature of travel in Himachal Pradesh is B) is the large number of travellers’ lodges
C) provided by the State Government. D) No error
 
Answer & Explanation Answer: A) One of the most interesting feature of travel in Himachal Pradesh is

Explanation:

The error is in first part. ‘One of the’ should always be followed by a plural noun, expressing that the speaker chooses one from many. Hence ‘features of travel’ is the correct expression, indicating that there are many interesting features about Himachal Pradesh but the most interesting one among them is the provision of large number of travelers’ lodges.

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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

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Q:

Earnings per share are calculated by dividing

A) (net income less preferred stock dividends) by average common shares outstanding. B) gross profit by average common shares outstanding.
C) net sales by average common shares outstanding. D) net income by average common shares outstanding.
 
Answer & Explanation Answer: A) (net income less preferred stock dividends) by average common shares outstanding.

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Q:

Which among the following cannot be included among greenhouse gases?

A) Nitrous Oxide B) Carbon Dioxide
C) Methane D) Phosphine
 
Answer & Explanation Answer: D) Phosphine

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