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Q:

Increase in the demand for a good will cause the equilibrium price of the good to ________ and the equilibrium quantity to _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: A) increase; increase

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Filed Under: Indian Economy
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Q:

If a mirror is placed on the line MN, then which of the answer figures is the right image of the given figure?

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

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Filed Under: Image Analysis
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Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good B) Giffin good
C) Inferior good D) Normal good
 
Answer & Explanation Answer: A) Superior good

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Q:

A series is given with one term missing. Select the correct alternative from the given ones that will complete the series.
2, 7, 16, ? , 46, 67

A) 26 B) 27
C) 29 D) 31
 
Answer & Explanation Answer: C) 29

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Filed Under: Number Series
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Q:

Before its Independence, Bangladesh was part of ___________.

A) India B) China
C) Pakistan D) United Kingdom
 
Answer & Explanation Answer: C) Pakistan

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Filed Under: World Geography
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Q:

A piece of paper is folded and cut as shown below in the question figures. From the given answer figures, indicate how it will appear when opened.

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

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Filed Under: Paper Folding
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Q:

Which answer figure will complete the pattern?

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

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Filed Under: Image Analysis
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Q:

Calculate a country's GDP if for the year, consumer spending is $400 million, government spending is $150 million, investment by businesses is $80 million, exports are $35 million and imports are $40 million.

A) $625 million B) $465 million
C) $475 million D) $635 million
 
Answer & Explanation Answer: A) $625 million

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Filed Under: Indian Economy
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