Questions

Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers B) Income of consumers remains constant
C) Consumers are affected by demonstration effect D) There are no changes in the price of substitute goods.
 
Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Q:

The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.

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

Explanation:
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Q:

Zika virus which damages the brain of the foetus is

A) Mosquito borne B) Water borne
C) Air borne D) Food borne
 
Answer & Explanation Answer: A) Mosquito borne

Explanation:
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Q:

Which of the following is a good source of Vitamin A?

A) Cabbage B) Carrot
C) Regular Potato D) Strawberry
 
Answer & Explanation Answer: B) Carrot

Explanation:
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Q:

Which of the following characters is recessive in a pea plant?

A) Wrinkled seed B) Green pod
C) Round pod D) Round seed
 
Answer & Explanation Answer: A) Wrinkled seed

Explanation:
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Q:

Which of the following type of medicine is used to treat indigestion?

A) Sulpha drug B) Antihistamine
C) Antibiotic D) Antacid
 
Answer & Explanation Answer: D) Antacid

Explanation:
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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

In a strange ________________, the production and the consumption of the event become cause for concern. _______________ wonders whether newer forms of “non­caring” or violence are appearing. Somehow, silence, even __________________, quietly suppresses a meditation on such events. __________________ a professor, I can recollect the number of occasions when my students have cried as we discussed such events in class. _____________, society seems so indifferent.

Somehow, silence, even __________________, quietly suppresses a meditation on such events.

A) attention B) bias
C) regard D) indifference
 
Answer & Explanation Answer: D) indifference

Explanation:
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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the fouralternatives.

If we can permit ourselves to _______________ movement fully, we permit ourselves to perceive, think ________ reflect. We allow ourselves the privilege of reimagining dance,music, and the way you and I talk, or think, or love. We move _____________ an incredible space of __________, primarily in thought, but perhaps more restrictively in defining____________, or maybe even doing away with it.

perceive, think ________ reflect.

A) but B) nor
C) and D) so
 
Answer & Explanation Answer: C) and

Explanation:
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