Sawaal

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Q:

Which of the following can be used as a weapon of war and conflict?

A) Extreme economic dependence B) Trade sanctions
C) Currency manipulation D) Withdrawal of bilateraltreaties
 
Answer & Explanation Answer: B) Trade sanctions

Explanation:

This can be interpreted from these lines of the passage, “Sanctions also play a dramatic role as an offensive militaristic manoeuver” and "Indeed, economics is often used directly as a weapon of war and conflict via trade sanctions."

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Q:

Reema wants to buy a certain designer party dress. The shop is offering a discount of 20% on that dress which is marked at Rs 5000. If Reema was willing to pay even Rs 7000 for that dress, Reema's consumer surplus is

A) Rs 3000 B) Rs 2000
C) Rs 1000 D) Rs 7000
 
Answer & Explanation Answer: A) Rs 3000

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Q:

The account receivable turnover measures

A) How often, on average receivables are received and collected during the period B) How long it takes to sell accounts receivable to a factor
C) The relation of cash sales to credit sales D) How long it takes to sell merchandise inventory
 
Answer & Explanation Answer: A) How often, on average receivables are received and collected during the period

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Q:

By how many atomic mass units do subsequent members of homologous series differ?

A) 26 B) 32
C) 20 D) 14
 
Answer & Explanation Answer: D) 14

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Q:

Irfaan loves black coffee. A roadside stall selling a cup of black coffee at Rs. 120, offered 25% discount to Irfaan. If Irfaan was willing to pay even Rs. 200 for this cup of black coffee, Irfaan's consumer surplus is

A) 90 B) 80
C) 30 D) 110
 
Answer & Explanation Answer: D) 110

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Q:

Who presented the first Union budget of independent India?

A) Morarji Desai B) John Mathai
C) TT Krishnamachari D) RK Shanmukham Chetty
 
Answer & Explanation Answer: D) RK Shanmukham Chetty

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Q:

Who is the only Indian economist to have won the Nobel prize?

A) Avinash Dixit B) Amit Mishra
C) Amartya Sen D) Abhijit Banerjee
 
Answer & Explanation Answer: C) Amartya Sen

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

 

The guide said to the tourists, "This will be the best day of your life."

 

A) The guide told the tourists that this would be the best day of their lives. B) The guide told the tourists that that would be the best day of their lives.
C) The guide told the tourists this that would be the best day of their lives. D) The guide told the tourists that this will be the best day of their lives.
 
Answer & Explanation Answer: B) The guide told the tourists that that would be the best day of their lives.

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