Questions

Q:

Which of the following is added to iron to make iron hard and strong?

A) Zinc B) Copper
C) Carbon D) Sodium
 
Answer & Explanation Answer: C) Carbon

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Q:

Alkali metals are assigned which group in the Modern Periodic Table?

A) Second group B) Eighteenth group
C) Third group D) First group
 
Answer & Explanation Answer: D) First group

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Q:

In the following questions, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.
Language, they say, is the _____ through which human beings perceive the world. If so, English is perhaps the most _____ lens through which to see animals. It has _____ a cross eyed view of birds, beasts, fish and fowl. The very word “animal” can _____ the brutish and the sensual. Animal _____ imply baseness and vulgarity.
Animal _____ imply baseness and vulgarity.

A) breeding B) gestures
C) instincts D) species
 
Answer & Explanation Answer: C) instincts

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Q:

Which among the following is an example of micro-economic variable?

A) National Income B) Aggregate Supply
C) Employment D) Consumer's Equilibrium
 
Answer & Explanation Answer: D) Consumer's Equilibrium

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Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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Q:

The demand curve facing a perfectly competitive firm is

A) downward sloping B) perfectly inelastic
C) a concave curve D) perfectly elastic
 
Answer & Explanation Answer: D) perfectly elastic

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Q:

Calculate a country's GDP if for the year, consumer spending is $900 million, government spending is $250 million, investment by businesses is $180 million, exports are $85 million and imports are $100 million.

A) $1345 million B) $1315 million
C) $955 million D) $815 million
 
Answer & Explanation Answer: B) $1315 million

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Q:

Increase in the demand for a good will cause the equilibrium price of the good to ________ and the equilibrium quantity to _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: A) increase; increase

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