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Q:

Price elasticity of demand is generally

A) tends to be smaller in the short run than in the long run. B) tends to be smaller in the long run than in the short run.
C) tends to be unrelated to the length of time. D) tends to be larger in the short run than in the long run.
 
Answer & Explanation Answer: A) tends to be smaller in the short run than in the long run.

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Filed Under: Indian Economy
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Q:

Which of the following classifications is based on atomic numbers?

A) Mendeleev's Periodic Table B) Modern Periodic Table
C) Newlands Law of Octaves D) Dobereiner's Law of Triads
 
Answer & Explanation Answer: B) Modern Periodic Table

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Filed Under: Chemistry
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Q:

____ is the process in which acids and bases react to form salts and water.

A) Distillation B) Electrolysis
C) Neutralisation D) Hydrolysis
 
Answer & Explanation Answer: C) Neutralisation

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Filed Under: Chemistry
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Q:

The term polyarchy was used by Robert Dahl to describe a form of government in which?

A) It reduces the multitudinous differences of opinion to relatively simple alternatives B) It takes individual as the basic unit of democratic model
C) People can participate through their representations D) People act both through the electoral system and the group process
 
Answer & Explanation Answer: D) People act both through the electoral system and the group process

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Filed Under: Indian Politics
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Q:

Who is the Union Minister of the Ministry of Commerce and Industry as of February 2018?

A) Suresh Prabhu B) Sushma Swaraj
C) Anand Geete D) Uma Bharti
 
Answer & Explanation Answer: A) Suresh Prabhu

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Q:

The G-77 is a coalition of developing nation, what was the venue of G-77, 2017 summit?

A) Indonesia B) Ecuador
C) South Korea D) Argentina
 
Answer & Explanation Answer: B) Ecuador

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Filed Under: World Geography
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Q:

Name the first civilian president of Myanmar.

A) Htin Kyaw B) Myint Swe
C) Henry VanThio D) Thein Sein
 
Answer & Explanation Answer: A) Htin Kyaw

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Filed Under: Famous Personalities
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Q:

Which of the following statements is incorrect, if resources were unlimited?

A) there would still be scarcity and opportunity costs B) there would still be scarcity but no opportunity costs
C) there would be no scarcity, but there would be opportunity costs. D) there would neither be scarcity nor opportunity costs
 
Answer & Explanation Answer: C) there would be no scarcity, but there would be opportunity costs.

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