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Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

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

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Filed Under: Indian Economy
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Q:

In April 2017, N. K. Singh Committee recommended a fiscal deficit of how much percent of GDP by Financial Year 2022-23?

A) 2.50% B) 3.00%
C) 3.50% D) 4.00%
 
Answer & Explanation Answer: A) 2.50%

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Q:

A goods carrier travels 23 km East, then it turns North and travels 15 km, then it turns West and Travels 38 km, then it turns to its left and travels 15 km. Where is it now with reference to its starting position?

A) 61 km West B) 15 km East
C) 61 km East D) 15 km West
 
Answer & Explanation Answer: D) 15 km West

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Filed Under: Direction Sense Test
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Q:

The average revenues of 13 consecutive years of a company is Rs 82 lakhs. If the average of first 7 years is Rs 77 lakhs and that of last 7 years is Rs 89 lakhs, find the revenue for the 7th year.

A) Rs 98 lakhs B) Rs 96 lakhs
C) Rs 94 lakhs D) Rs 92 lakhs
 
Answer & Explanation Answer: B) Rs 96 lakhs

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Q:

The demand curve facing a perfectly competitive firm is

A) downward sloping B) perfectly inelastic
C) a concave curve D) perfectly elastic
 
Answer & Explanation Answer: D) perfectly elastic

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Q:

Acceleration is

A) Inversely proportional to force B) Inversely proportional to mass
C) Directly proportional to mass D) Directly proportional to force
 
Answer & Explanation Answer: D) Directly proportional to force

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Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

In the question, a word is represented by only one set of numbers as given in any one of the alternatives. The sets of numbers given in the alternatives are represented by two classes of alphabets as in two matrices given below. The columns and rows of Matrix I are numbered from 0 to 4 and that of Matrix II are numbered from 5 to 9. A letter from these matrices can be represented first by its row and next by its column, e.g., L can be represented by 12,24, etc., and 'R' can be represented by 55, 67, etc.
Similarly you have to identify the set for the word 'TONE'

A) 85 , 40 , 58 , 75 B) 66 , 21 , 77 , 56
C) 97 , 33 , 65 , 44 D) 78 , 57 , 89 , 32
 
Answer & Explanation Answer: C) 97 , 33 , 65 , 44

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