Questions

Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers B) Income of consumers remains constant
C) Consumers are affected by demonstration effect D) There are no changes in the price of substitute goods.
 
Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Q:

Rate of the growth of an economy is measured in terms of

A) National income B) Monthly family income
C) Number of people who have been lifted above the poverty line D) Industrial Development
 
Answer & Explanation Answer: A) National income

Explanation:
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Q:

Identify a type of asexual reproduction which involves reproduction through parts of a plant such as roots, stem and leaves?

A) Budding B) Vegetative propagation
C) Fragmentation D) Fission
 
Answer & Explanation Answer: A) Budding

Explanation:
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Q:

T cell activation requires

A) T cell receptor (TCR) B) PTK function
C) APC  D) All the above
 
Answer & Explanation Answer: A) T cell receptor (TCR)

Explanation:
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Q:

Which of the following hormone is not secreted by pituitary gland?

A) Thyroid-stimulating hormone (TSH) B) Prolactin
C) Vasopressin D) Somatostatin
 
Answer & Explanation Answer: D) Somatostatin

Explanation:
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Q:

What is the effective discount (in %) on two successive discounts of 20% and 10%?

A) 30 B) 32
C) 35 D) 28
 
Answer & Explanation Answer: D) 28

Explanation:
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Q:

Who received the Man Booker Prize in 2015 for his novel ' A brief history of seven killings'?

A) Marlon James B) Richard Flanagan
C) Arvind Adiga D) E. O. Wilson
 
Answer & Explanation Answer: A) Marlon James

Explanation:
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Q:

Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.


There is a time in every man's education when he arrives at the conviction that envy is ignorance; that imitation is suicide; that he must take himself for better, for worse, as his portion; that though the wide universe is full of good, no kernel of nourishing corn can come to him but through his toil bestowed on that plot of ground which is given to him to till. The power which resides in him is new in nature, and none but he knows what that is which he can do, nor does he know until he has tried. Not for nothing one face, one character, one fact, makes much impression on him, and another none. This sculpture in the memory is not without pre-established harmony. The eye was placed where one ray should fall, that it might testify of that particular ray. We but half express ourselves, and are ashamed of that divine idea which each of us represents. It may be safely trusted as proportionate and of good issues, so it be faithfully imparted, but God will not have his work made manifest by cowards. A man is relieved and gay when he has put his heart into his work and has done his best; but what he has said or done otherwise, shall give him no peace. It is a deliverance which does not deliver. In the attempt his genius deserts him; no muse befriends; no invention, no hope.

 

Which of the following does the author appear to highlight in this essay?

A) Being contented with the status quo B) Knowing oneself better
C) Working hard and sincerely D) Waiting for better opportunities
 
Answer & Explanation Answer: C) Working hard and sincerely

Explanation:
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