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- Question
The Income elasticity demand for farm products is
Options- A. High in India
- B. No demand at all
- C. Very low in India
- D. High supply and no demand
- Correct Answer
- Very low in India
ExplanationIncome easticity of demand measures the responsiveness of demand for any goods to changes in income. With increase in incomes generally the demand for farm products like rice wheat etc, will not change drastically. With income increase, demand for luxuries such as consumer durables etc will increase. The income elasticity of demand for farm products is thus low.
- 1. The lowest point, on land, in the world is
Options- A. Death valley, USA
- B. Caspian sea, Russia
- C. Dead sea, Jordan/Israel
- D. Lake Eyre, Australia Discuss
- 2. The hydrological cycle is a conceptual model that describes
Options- A. the storage of water between biosphere, hydrosphere, atmosphere and lithosphere
- B. the movement of water between biosphere, atmosphere, lithosphere and hydrosphere
- C. both (a) and (b)
- D. None of the above Discuss
- 3. Who is often called the 'first African-American' inventor?
Options- A. Bessie Blount
- B. George Washington Carver
- C. Benjamin Banneker
- D. Elijah McCoy Discuss
- 4. Gross domestic capital formation is defined as
Options- A. flow of expenditure devoted to increased or maintaining of the capital stock
- B. expenditure incurred on physical assets only
- C. production exceeding demand
- D. net addition to stock after depreciation Discuss
- 5. Deficit financing leads to inflation in general, but it can be checked if
Options- A. government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
- B. only aggregate demand is increased
- C. all the expenditure is denoted national debt payment only
- D. All of the above Discuss
- 6. Kalchakra ceremony is associated with which of the following ceremonies?
Options- A. Hinduism
- B. Buddhism
- C. Jainism
- D. Islam Discuss
- 7. The birthday of which of the leader in India is observed as Children's day?
Options- A. Mahatma Gandhi
- B. S.Radhakrishnan
- C. Rajiv Gandhi
- D. Jawaharlal Nehru Discuss
- 8. The first nuclear reactor in India is
Options- A. Dhurva
- B. Harsha
- C. Vipula
- D. Apsara Discuss
- 9. The first hand glider was designed by...?
Options- A. Leonardo DaVinci
- B. The Wright brothers
- C. Francis Rogallo
- D. Galileo Discuss
- 10. The president demand for further reforms, attended with the dislocation caused by the non-cooperation movement, led the British government to appoint a Statutory Commission in 1927. This commission was headed by
Options- A. Sri John Simon
- B. Lord Chelmsford
- C. Lord Minto
- D. E.S. Montague Discuss
More questions
Correct Answer: Dead sea, Jordan/Israel
Correct Answer: both (a) and (b)
Correct Answer: Benjamin Banneker
Explanation:
Banneker was a member of the planning committee that designed Washington, DC along with Pierre L'Enfant. When L'Enfant was fired Banneker recreated the plans from memory.
Correct Answer: net addition to stock after depreciation
Correct Answer: All of the above
Correct Answer: Buddhism
Correct Answer: Jawaharlal Nehru
Correct Answer: Apsara
Correct Answer: Leonardo DaVinci
Correct Answer: Sri John Simon
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