Economy and Environment Quiz 07.01.2021

With reference to the Elasticity of Demand, which of the following statements is/are correct?

1). The demand for goods moves in the opposite direction of its prices.

2). Price elasticity of demand is a measure of the responsiveness of the demand for a good to changes in its price.

3). Demand for essential goods is often found to be elastic.

Select the correct answer using the codes given below:

Which one amongst the following is considered as the National Disposable Income?

Match the List – I with List-II and select the correct answer using the codes given below the lists.

                 _{^{List – I                                                          List – II}}

1. _{^{Open Market Operations                   1. Buying and selling of bonds issued by the Government in the open market}}                          
2. _{^{Repo Rate                                        2. Rate at which central bank gives loan to commercial banks}}
3. _{^{Reverse Repo Rate                           3.Central bank buy security with an agreement specifying about date and price of                                                           resale of this security}}
4. _{^{Bank Rate                                       4.Central bank sell security with an agreement specifying about date and price of                                                           repurchase of this security.}} 

Codes:

A B C D

Which of the following are indicator species?

1) Lichen

2) Tiger

3) Snow leopard

4) Frog

Select the correct answer from the codes given below:

Which of the following is responsible for nitrogen fixation?