Q:

The fat digesting enzyme Lipase is secreted by which of the following

A) Kidneys	B) Pancreas
C) Large Intestine	D) Liver

Answer & Explanation Answer: B) Pancreas

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Q:

Which of the following is the CORRECT decreasing order of intercellular space in various simple permanent tissues?

A) Parenchyma > Sclerenchyma > Collenchyma	B) Collenchyma > Parenchyma > Sclerenchyma
C) Parenchyma > Collenchyma > Sclerenchyma	D) Sclerenchyma > Parenchyma > Collenchyma

Answer & Explanation Answer: C) Parenchyma > Collenchyma > Sclerenchyma

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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:

At the equilibrium price

A) quantity demanded is equal to quantity supplied	B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity	D) elasticity of demand equals elasticity of supply

Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

From which of the following, is the GDP of a country not derived from?

A) Agricultural sector	B) Industrial sector
C) International sector	D) Service sector

Answer & Explanation Answer: C) International sector

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Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores	B) Rs 43.5 crores
C) Rs 76.5 crores	D) Rs 78.5 crores

Answer & Explanation Answer: D) Rs 78.5 crores

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Q:

Buying and Selling products are examples of

A) investing activities.	B) operating activities.
C) delivering activities.	D) financing activities.

Answer & Explanation Answer: B) operating activities.

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Q:

Where in the human body can you find the islets of Langerhans?

A) Small intestine	B) Pancreas
C) Stomach	D) Heart

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