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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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:

Consider a planet whose mass and radius are both twice the mass and radius of Earth. The acceleration due to gravity on the surface of the planet is 'n' times that on Earth. The value of n is:

A) 4	B) 1
C) 12	D) 2

Answer & Explanation Answer: C) 12

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Q:

What does the term 'Ebola' stand for?

A) A viral disease outbreak in West Africa	B) A viral disease outbreak in Bangladesh
C) A city in Syria destroyed by ISIS	D) None of the these

Answer & Explanation Answer: A) A viral disease outbreak in West Africa

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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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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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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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