CSEET – Economics Basics: Multiple Choice Questions   1. Economics is primarily concerned with: A. Production and distribution of wealth B. Money and banking C. Choice under scarcity D. Only consumption Answer: C. Choice under scarcity Explanation: Economics studies how limited resources are allocated to satisfy unlimited human wants.   2. The central problem of an economy is: A. What to produce B. How to produce C. For whom to produce D. All of the above Answer: D. All of th

1. What is the result of the expression 48 ÷ (6 + 2) × 3 - 5? a) 9 b) 13 c) 15 d) 18 Parentheses (P): Evaluate the operation inside the...

1. A biryani dressing recipe calls for 1/4 cup of rice. If you want to make the biryani for a party with 20 guests, how much rice do you...

1. What is the sum of 3/4 and 1/3? a) 2/7 b) 3/7 c) 5/12 d) 13/12   Find the LCM of denominators 4 and 3 → LCM = 12 3/4 = 3X3/4X3 = 9/12...

Square Root The square root of a number is the inverse operation of squaring a number. The square of a number is the value that is...

Ratio and Proportion Ratio is used for comparing two quantities of the same kind. The ratio formula for two numbers, a and b is expressed...

1. What will be the fraction of 20% a. 1/4 b. 1/5 c. 1/10 d. None of above Answer: Option B Explanation: It will 20*1/100 = 1/5 2. What...

Percentage The term "percentage" was adapted from the Latin word "per centum", which means "by the hundred". Percentages are fractions...

1. . 36% of 365 + ?% of 56 – 2 = 156 – 69 (a) 35 (b) 30 (c) 45 (d) 40 Ans. (c) 2. . 92431 + 64273 + 10428 = ? (a) 177232 (b) 176134 (c)...

Arithmetic Operations Definition Arithmetic operations are a set of four basic operations to be performed to add, subtract, multiply or...

Q: 1 If 0.232323.... is converted into a fraction , then the result is A) 1/5 B) 2/9 C) 23/99 D) 23/100 Answer & Explanation Answer: C)...