Questions

Q:

For a price taking firm, average revenue is ______ market price.

A) half of B) equal to
C) double of D) less than
 
Answer & Explanation Answer: B) equal to

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Q:

In May 2017, the Base year of All-Indian WPI (Wholesale Price Index) has been revised from 2004-05 to ______.

A) 2010-11 B) 2015-16
C) 2011-12 D) 2016-17
 
Answer & Explanation Answer: C) 2011-12

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Q:

Which of the following best describes monetary policy?

A) Managing the economy by controlling the money supply B) Determining the design printed on the national currency
C) Regulating transactions in the currency exchange market D) Raising and lowering the foreign exchange rate
 
Answer & Explanation Answer: A) Managing the economy by controlling the money supply

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Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent B) 7.8 percent
C) 10.2 percent D) 10 percent
 
Answer & Explanation Answer: A) 7.5 percent

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Q:

Working capital is a measure of

A) liquidity B) consistency
C) profitability D) solvency
 
Answer & Explanation Answer: A) liquidity

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Q:

Which of the following salts is acidic in nature?

A) Sodium Carbonate B) Ammonium Phosphate
C) Magnesium Sulphate D) Sadium Acetate
 
Answer & Explanation Answer: A) Sodium Carbonate

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Q:

Which north-eastern state of India has signed up to host the 39th National Games in the year 2022?

A) Meghalaya B) Mizoram
C) Manipur D) Tripura
 
Answer & Explanation Answer: A) Meghalaya

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Q:

The term of a Governor is

A) 4 Years B) 5 Years
C) 6 Years D) 3 Years
 
Answer & Explanation Answer: B) 5 Years

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Filed Under: Indian Politics
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