Questions

Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand B) Law of supply
C) Law of substitution D) Law of optimal choice
 
Answer & Explanation Answer: A) Law of demand

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Q:

If demand curve for an electric tooth brush is D = 25000 -­ 7P and supply curve is S = 10000 + 8P, find the equilibrium Price?

A) Rs 150 B) Rs 1000
C) Rs 400 D) Rs 50
 
Answer & Explanation Answer: B) Rs 1000

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Q:

Management accountants would not

A) prepare reports primarily for external users. B) be concerned with the impact of cost and volume on profits
C) assist in budget planning. D) determine cost behavior.
 
Answer & Explanation Answer: A) prepare reports primarily for external users.

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Q:

Which level does macroeconomics focus on?

A) Government B) Business
C) Personal D) None
 
Answer & Explanation Answer: A) Government

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Q:

During the day which process is the major driving force in the movement of water in the xylem?

A) Transpiration pull B) Evaporation
C) Suction D) Translocation
 
Answer & Explanation Answer: A) Transpiration pull

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

The new claim that ______________ out of misplaced confidence that all that is in education can be ______________ is that the ‘per unit cost of outcome’ is lower in private schools. Meaning that even _________ the learning outcomes of private schools are not better _____________ the public schools, the cost _______________ running private schools is much lower.

 

education can be ______________ is that the ‘per unit cost of outcome' is lower in private schools.

 

A) quantified B) counted
C) totalled D) scored
 
Answer & Explanation Answer: A) quantified

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.


____________________ some respects, this is unsurprising. Many of these laws do not have an _______________ political flavour. The rule against admitting _______________ evidence, for instance, is a result of simple good sense and a keen awareness of human ______________, independent of the relationship between the ruler and the ruled. The same ________________ for the laws of property and contract.


The same ________________ for the laws of property and contract.

 

 

A) comes B) goes
C) pushes D) pulls
 
Answer & Explanation Answer: B) goes

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Q:

In the following question, a sentence / a part of sentence is underlined. Below are given alternatives to the underlined part which may improve the sentence. Choose the correct alternative. In case no improvement is required, choose "No Improvement" option.

 

Whether we realise or not we are continuously making choices every moment of our lives.

A) comprehensively B) comparatively
C) constantly D) No improvement
 
Answer & Explanation Answer: C) constantly

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