Q:

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

A) Equilibrium	B) Excess Demand
C) Excess Supply	D) Marginal Revenue

Answer & Explanation Answer: C) Excess Supply

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Filed Under: Indian Economy
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Q:

Which is the parameter for the economic development ?

A) Per capita monetary income	B) National income
C) Per capita rural income	D) Population

Answer & Explanation Answer: A) Per capita monetary income

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Q:

Prawns belong to which family?

A) Crustaceans	B) Fish
C) Amphibians	D) Reptiles

Answer & Explanation Answer: A) Crustaceans

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Filed Under: Biology
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Q:

Who discovered the ABO blood group system?

A) Karl Koller	B) Maurice Hilleman
C) Karl Landsteiner	D) Edward Jenner

Answer & Explanation Answer: C) Karl Landsteiner

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Q:

Which river does not form a delta?

A) Ganga	B) Brahmputra
C) Godavari	D) Tapi

Answer & Explanation Answer: D) Tapi

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Filed Under: Indian Geography
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Q:

Open Market Operations refer to __________

A) Borrowings by Scheduled banks from RBI	B) Lending by Commercial banks to industry
C) Purchase and sale of Government securities by RBI	D) Deposit mobilisation

Answer & Explanation Answer: C) Purchase and sale of Government securities by RBI

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Q:

Which law states that bad money drives good money out of circulation?

A) Wagner's law	B) Grimm's law
C) Gresham's law	D) Keynes' law

Answer & Explanation Answer: C) Gresham's law

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Q:

For a certain shoe factory the fixed costs are Rs 200,000, selling price is Rs 2000 per pair of shoes and variable cost is Rs 1200 per pair, what is the breakeven quantity?

A) 100	B) 62.5
C) 167	D) 250

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