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Undergraduate level — CSAT

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quiz Questions

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Q191

A market situation with single seller is called

1 · 2 marks · MCQ

A.

Monopoly

B.

Fiscal deficit

C.

Revenue deficit

D.

Primary deficit

Explanation

Monopoly refers to one seller and many buyers.

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Q192

A market with many buyers and many sellers is

2 · 2 marks · MCQ

A.

Fiscal deficit

B.

Revenue deficit

C.

Perfect competition

D.

Primary deficit

Explanation

Perfect competition has numerous buyers and sellers with homogeneous product.

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Q193

Price elasticity of demand measures responsiveness of

3 · 2 marks · MCQ

A.

Fiscal deficit

B.

Primary deficit

C.

Demand to price changes

D.

Revenue deficit

Explanation

PED shows percentage change in quantity demanded due to price change.

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Q194

National income in India is measured mainly by

4 · 2 marks · MCQ

A.

Revenue deficit

B.

Fiscal deficit

C.

Central Statistics Office

D.

Primary deficit

Explanation

MoSPI through National Statistical Office compiles national accounts.

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Q195

GDP stands for

5 · 2 marks · MCQ

A.

Revenue deficit

B.

Gross Domestic Product

C.

Fiscal deficit

D.

Primary deficit

Explanation

GDP is total value of final goods and services produced within a country.

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Q196

GNP is GDP plus

1 · 2 marks · MCQ

A.

Primary deficit

B.

Revenue deficit

C.

Fiscal deficit

D.

Net factor income from abroad

Explanation

GNP includes income residents earn from abroad net of payments out.

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Q197

Inflation means sustained rise in

2 · 2 marks · MCQ

A.

Revenue deficit

B.

Primary deficit

C.

General price level

D.

Fiscal deficit

Explanation

Inflation is persistent increase in overall price level.

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Q198

Deflation means

3 · 2 marks · MCQ

A.

Fiscal deficit

B.

Primary deficit

C.

Revenue deficit

D.

Sustained fall in general price level

Explanation

Deflation is opposite of inflation.

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Q199

SI unit of force is

4 · 2 marks · MCQ

A.

Joule

B.

Newton

C.

Watt

D.

Pascal

Explanation

Force is measured in newton in SI system.

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Q200

SI unit of work is

5 · 2 marks · MCQ

A.

Watt

B.

Joule

C.

Newton

D.

Pascal

Explanation

Work and energy are measured in joule.