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:

Which of the following scientists had done some calculations for the fifth state of matter?

A) Satyendra Nath Bose B) CV Raman
C) Vikram Sarabhai D) Homi Bhabha
 
Answer & Explanation Answer: A) Satyendra Nath Bose

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Q:

In the following question, sentence given with blank is to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

Expectant mothers are more ____________ to lung damage due to smoking.

A) vulnerable B) disposed
C) sensitive D) affected
 
Answer & Explanation Answer: A) vulnerable

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Q:

In the following question, 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.


___________ being an intangible idea, the nation is quite real because it is a shared idea. _______________ of nationhood are important for this sharing to be reliably reproduced, which is why we have familiar _____________ to memory like maps, flags, or the figure of Mother India. National symbols are extremely powerful ________________ they connect to compressed reservoirs of intense _________________.


National symbols are extremely powerful ________________

 

A) since B) because
C) so D) thereof
 
Answer & Explanation Answer: B) because

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Q:

In the following question, 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.


___________ being an intangible idea, the nation is quite real because it is a shared idea. _______________ of nationhood are important for this sharing to be reliably reproduced, which is why we have familiar _____________ to memory like maps, flags, or the figure of Mother India. National symbols are extremely powerful ________________ they connect to compressed reservoirs of intense _________________.


they connect to compressed reservoirs of intense _________________.

 

A) compassion B) empathy
C) emotion D) elation
 
Answer & Explanation Answer: C) emotion

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