Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist	B) Socialist
C) Mixed	D) Both Capitalist and Socialist

Answer & Explanation Answer: A) Capitalist

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Filed Under: Indian Economy
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Q:

The existence of a parallel economy (black money) ___________.

A) makes economy more competitive	B) makes the monetary policies less effective
C) ensures a better distribution of income and wealth	D) ensures increasing productive investment

Answer & Explanation Answer: B) makes the monetary policies less effective

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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:

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

A) same	B) higher
C) lower	D) minimum

Answer & Explanation Answer: A) same

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Q:

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

A) Deflation	B) Stagflation
C) Recession	D) Depression

Answer & Explanation Answer: B) Stagflation

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Q:

In the nature versus nurture debate sociologists claim that

A) nature and nurture have equal importance.	B) neither nature nor nurture creates the essence of our humanity.
C) nurture is far more important than nature.	D) None

Answer & Explanation Answer: C) nurture is far more important than nature.

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Filed Under: General Science
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Q:

Astronauts inside spaceship feel ___ weight.

A) More	B) Less
C) Zero	D) Depends on G force

Answer & Explanation Answer: C) Zero

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Filed Under: Physics
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Q:

Which of the following does NOT contribute to sparkling of diamonds?

A) Total Internal Reflection	B) High Refractive Index of Diamonds
C) Dispersion	D) Low Refractive Index of Diamonds

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