Questions

Q:

The Chairman of NITI Ayog is.....

A) Industry Minister B) Prime Minister
C) Finance Minister D) Commerce Minister
 
Answer & Explanation Answer: B) Prime Minister

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Q:

Election Commission is not concerned with which of the following elections?

A) Election of President of India B) Elections of Parliament
C) Elections of State Legislature D) Elections of Panchayats
 
Answer & Explanation Answer: D) Elections of Panchayats

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Q:

The Attorney General of India is appointed by whom?

A) Prime Minister of India B) Law Minister of India
C) Chief Justice of India D) President of India
 
Answer & Explanation Answer: D) President of India

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Q:

With which country India has signed an agreement in September 2017 for co-operation in health sector?

A) Indonesia B) Norway
C) France D) Denmark
 
Answer & Explanation Answer: B) Norway

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Q:

Family is important to the socialization process because:

A) parents greatly affect a child's self-concept. B) families give children social identity in terms of class, ethnicity, and religion.
C) family members are often what Mead called "significant others." D) All of the above are correct.
 
Answer & Explanation Answer: B) families give children social identity in terms of class, ethnicity, and religion.

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Q:

Which country become the first to approve the sales of Lab-grown chicken meat by US based start-up "Just Eat"?

A) Singapore B) Malaysia
C) Philippines D) South Korea
 
Answer & Explanation Answer: A) Singapore

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Q:

If quantity of good X demanded increases from 2300 to 2700 when price of good Y increases from Rs. 45 to Rs. 55, find Arc Cross elasticity of demand?

A) 4 B) 1.25
C) 0.25 D) 0.8
 
Answer & Explanation Answer: D) 0.8

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Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the average revenue is zero.

A) Perfect Competition B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: A) Perfect Competition

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