Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases.	B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases.	D) if the price of a good increases, the quantity demanded of that good increases.

Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

Explanation:

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Q:

A manufacturer faces price elasticity of demand of a 1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be _____.

A) 5.15 percent	B) 7.65 percent
C) 8 percent	D) 5.12 percent

Answer & Explanation Answer: C) 8 percent

Explanation:

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Q:

The consumption schedule relates:

A) disposable income to domestic income.	B) consumption to the level of disposable income.
C) consumption to saving.	D) saving to the level of disposable income.

Answer & Explanation Answer: B) consumption to the level of disposable income.

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Exam Prep: Bank Exams , CAT

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Q:

In November 2017, second phase of ‘Bharat Net Project’ was launched. How much is its approximate outlay?

A) Rs 55,000 crore	B) Rs 10,000 crore
C) Rs 20,000 crore	D) Rs 34,000 crore

Answer & Explanation Answer: D) Rs 34,000 crore

Explanation:

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Q:

Which company has partnered with SIDBI, to provide a finance scheme to MSMEs in rooftop solar segment?

A) L&T	B) Tata Power
C) Ashok Leyland	D) Mahindra & Mahindra

Answer & Explanation Answer: B) Tata Power

Explanation:

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Q:

The Reserve Bank of India (RBI) proposed a four-tier regulatory framework for which type of financial institutions?

A) Foreign Banks	B) Small Finance Banks
C) NBFCs	D) Payments Banks

Answer & Explanation Answer: C) NBFCs

Explanation:

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Q:

Which one of the following is not an International Human Rights Treaty?

A) International Covenant on Civil and Political Rights	B) Convention on the Elimination of All Forms of Discrimination against Women
C) Convention on the Rights of Persons with Disabilities	D) Declaration on the Right to Development

Answer & Explanation Answer: A) International Covenant on Civil and Political Rights

Explanation:

The International Bill of Human Rights has been further supplemented by various other international treaties, conventions and declarations. They are usually regarded as “human rights instruments”. The important among them are as follows....

•Convention on the Elimination of All Forms of Discrimination Against Women (1979)

•Declaration on the Right to Development (1986)

•Convention on the Rights of Persons with Disabilities (2006).

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Filed Under: Indian Politics
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Q:

What is the minimum age to become the Prime Minister of India if he or she is a member of Rajya Sabha?

A) 18	B) 25
C) 30	D) 35

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