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

Explanation:

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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:

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:

The consumption schedule relates:

A) disposable income to domestic income.	B) consumption to the level of disposable income.
C) consumption to saving.	D) saving to the level of disposable income.

Answer & Explanation Answer: B) consumption to the level of disposable income.

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Q:

Astronauts inside spaceship feel ___ weight.

A) More	B) Less
C) Zero	D) Depends on G force

Answer & Explanation Answer: C) Zero

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Q:

Which actor-turned-politician is currently a Lok Sabha Member from Ahmedabad (East) constituency?

A) Hema Malini	B) Dharmendra
C) Shatrughan Sinha	D) Paresh Rawal

Answer & Explanation Answer: D) Paresh Rawal

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Q:

Which institute launches Bharat Inclusive Initiative?

A) IIT Bombay	B) IIM Ahmedabad
C) IIT Kharagpur	D) IIM Calcutta

Answer & Explanation Answer: B) IIM Ahmedabad

Explanation:

IIM Ahmedabad launches Bharat Inclusive Initiative.
IIM-Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched a Bharat Inclusion Initiative to build knowledge and foster innovation and entrepreneurial activity across areas such as financial inclusion, livelihood, education and
health. Centre for Innovation Incubation and Entrepreneurship (CIIE) at IIM Ahmedabad helps entrepreneurs turn ideas into viable businesses.

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Q:

When was the ASLV used in India for the first time?

A) 1980	B) 1987
C) 1994	D) 2000

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