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Q:

Which of the following best defines free trade?

A) Imports are discouraged B) There are no restrictions on exports and imports  
C) There are no duties levied on export   D) Imported goods are made duty free  
 
Answer & Explanation Answer: B) There are no restrictions on exports and imports  

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Filed Under: Indian Economy
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Q:

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?

A) 80 units B) 90 units
C) 60 units D) 50 units
 
Answer & Explanation Answer: C) 60 units

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Q:

In April 2017, Agriculture Ministry Unveiled Model APMC Act. The new Act proposes to put a Cap on Mandi taxes at what rate (in percent) for food grain?

A) 5 B) 1
C) 2.5 D) 8
 
Answer & Explanation Answer: B) 1

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Q:

The minimum price at which I was willing to sell my old TV was Rs 37,000. I quoted Rs 50,000 while selling it, but it sold for Rs 42,000. This transaction generated _____.

A) Rs 5000 worth of consumer surplus B) Rs 8000 worth of consumer surplus
C) Rs 5000 worth of producer surplus D) Rs 8000 worth of producer surplus
 
Answer & Explanation Answer: C) Rs 5000 worth of producer surplus

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Q:

Which of the following organ does NOT belong to human excretory system?

A) Kidneys B) Ureters
C) Uterus D) Urethra
 
Answer & Explanation Answer: C) Uterus

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Filed Under: Biology
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Q:

Which of the following meals is NOT obtained by reduction using carbon?

A) Copper B) Sodium
C) Iron D) Zinc
 
Answer & Explanation Answer: B) Sodium

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Filed Under: Chemistry
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Q:

What is the SI unit of Charge?

A) Coulomb B) Amperes
C) Watts D) Joules
 
Answer & Explanation Answer: A) Coulomb

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Filed Under: Physics
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Q:

Objects float on water based on ___.

A) Newton's third law of motion B) Hooke's law
C) Faraday's law D) Archimedes principle
 
Answer & Explanation Answer: D) Archimedes principle

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Filed Under: Physics
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