Q:

The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.

A) Resource Probability Set	B) Production Probability Set
C) Resource Possibility Set	D) Production Possibility Set

Answer & Explanation Answer: D) Production Possibility Set

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Q:

Which is the most important factor that determines whether advertising by manufacturing sector will lead to higher sales?

A) Demand is elastic	B) Demand is inelastic
C) The product can be differentiated	D) The product can be homogenous.

Answer & Explanation Answer: C) The product can be differentiated

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Q:

‘Capital gains’ refers to goods which

A) serve as a source of raising further capital	B) help in the further production of goods
C) directly go into the satisfaction of human wants	D) find multiple uses

Answer & Explanation Answer: B) help in the further production of goods

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Q:

A minimum wage _____.

A) is the price floor below which workers may not sell their labor	B) is set at a price below the equilibrium wage
C) creates a price ceiling below which the wage cannot legally go	D) decreases unemployment

Answer & Explanation Answer: A) is the price floor below which workers may not sell their labor

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Q:

Earnings per share are calculated by dividing

A) (net income less preferred stock dividends) by average common shares outstanding.	B) gross profit by average common shares outstanding.
C) net sales by average common shares outstanding.	D) net income by average common shares outstanding.

Answer & Explanation Answer: A) (net income less preferred stock dividends) by average common shares outstanding.

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Q:

A series is given, with one term missing. Choose the correct alternative from the given ones that will complete the series.

ajs , gpy , ? , sbk , yhq

A) dmv	B) mve
C) oua	D) qzi

Answer & Explanation Answer: B) mve

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Filed Under: Verbal Reasoning - Mental Ability

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Q:

From the given alternative words, select the word which cannot be formed using the letters of the given word :

ORGANISATION

A) GRANT	B) NATION
C) GIANTS	D) ORANGE

Answer & Explanation Answer: D) ORANGE

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Q:

In Indian parliamentary system, the leader of the largest opposition party having not less than _______ seats of total strength of the house is recognized as the leader of the opposition in that House.

A) 1/10 th	B) 1/9 th
C) 1/8 th	D) 1/7 th

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