Questions

Q:

In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.

A) Monopsony B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: D) Monopolistic Competition

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Q:

Which of the following is a tertiary activity?

A) Farming B) Manufacturing
C) Dairying D) Trading
 
Answer & Explanation Answer: D) Trading

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Q:

In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.

A) Supply B) Demand
C) Price D) Stock Market
 
Answer & Explanation Answer: C) Price

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Q:

If quantity of good X demanded increases from 4000 units to 5000 units when price of good Y increases from Rs 75 to Rs 90, find Arc Cross elasticity of demand?

A) 0.55 B) 1.66
C) 0.25 D) 1.22
 
Answer & Explanation Answer: D) 1.22

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Q:

In the modern periodic table, which of the two periods contain 8 elements each?

A) 4 and 5 B) 3 and 4
C) 1 and 2 D) 2 and 3
 
Answer & Explanation Answer: D) 2 and 3

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Filed Under: Chemistry
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Q:

The percentage of carbon in CO2 is

A) 12 B) 44
C) 14 D) 27.3
 
Answer & Explanation Answer: D) 27.3

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Q:

The President can dismiss a member of the Council of Ministers

A) with the consent of the Speaker B) only under emergency conditions
C) on the recommendation of the Prime Minister D) on his own
 
Answer & Explanation Answer: C) on the recommendation of the Prime Minister

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Q:

How many levels of Government are there in India?

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

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