Questions

Q:

Ramcharitmanas is an epic poem written in which language?

A) Santali B) Munda
C) Awadhi D) Sanskrit
 
Answer & Explanation Answer: C) Awadhi

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Q:

In the given Pie-chart, the comparative study of the production of Rice, Wheat, Sugar and Tea of a country is given. Study the Pie-Chart and answer the following questions.

From this diagram, the ratio of sum of wheat and sugar production to difference in production of rice and tea is

A) 4:5 B) 5:4
C) 6:1 D) 1:6
 
Answer & Explanation Answer: A) 4:5

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Q:

An earthquake of magnitude _________________ on Richter scale has thousand times more destructive energy than an earthquake of magnitude 4.

 

A) 5 B) 7
C) 6 D) 8
 
Answer & Explanation Answer: C) 6

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Filed Under: Physics
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Q:

The tree species most commonly used in social forestry is

A) Peepal B) Gulmohar
C) Eucalyptus D) Mango
 
Answer & Explanation Answer: C) Eucalyptus

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Q:

Who presented the first Union Budget in 1947?

A) Indira Gandhi B) Morarji Desai
C) R. K. Shanmukham Chetty D) John Mathai
 
Answer & Explanation Answer: C) R. K. Shanmukham Chetty

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Filed Under: Indian Politics
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Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to 

A) improve B) diminish
C) remain constant D) first diminish and then improve
 
Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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Q:

An increase in the growth rate of the nominal money supply results in

A) Lower rate of inflation B) Higher rate of inflation
C) Lower interest rates D) Currency appreciation
 
Answer & Explanation Answer: B) Higher rate of inflation

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Q:

The marginal propensity to consume lies between ____________.

A) 0 to Infinity B) 0 to 1
C) 1 to Infinity D) 0 to 10
 
Answer & Explanation Answer: B) 0 to 1

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