Q:

The consumption and saving schedules reveal that the:

A) MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line.	B) MPC is equal to or greater than one at all income levels.
C) MPC is greater than zero, but less than one.	D) APS is positive at all income levels.

Answer & Explanation Answer: C) MPC is greater than zero, but less than one.

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Filed Under: Indian Economy
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Q:

Price elasticity of demand is generally

A) tends to be smaller in the short run than in the long run.	B) tends to be smaller in the long run than in the short run.
C) tends to be unrelated to the length of time.	D) tends to be larger in the short run than in the long run.

Answer & Explanation Answer: A) tends to be smaller in the short run than in the long run.

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Q:

What is the full form of GST?

A) Good and Services Tax	B) Goods Sales Tax
C) Grand Sales Tax	D) General Sales Tax

Answer & Explanation Answer: A) Good and Services Tax

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Q:

Definition of Force can be stated from:

A) Newton's second law of motion	B) Newton's first law of motion
C) Newton's third law of motion	D) Newton's law of gravitation

Answer & Explanation Answer: D) Newton's law of gravitation

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Filed Under: Physics
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Q:

Provincial Autonomy was provided by

A) The Government of India Act 1935	B) The Montague-Chelmsford Report
C) The Government of India Act 1919	D) The Indian Independence Act 1947

Answer & Explanation Answer: A) The Government of India Act 1935

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Filed Under: Indian Politics
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Q:

Union Government's School Nursery Yojana is about

A) Creating environmental awareness in young minds	B) Streamlining admissions in nursery schools
C) Bringing nursery schools under regulations	D) Creating awareness about safety of children

Answer & Explanation Answer: A) Creating environmental awareness in young minds

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Q:

Who among the following has been awarded by the UNHCR Nansen Refugee Award-2017 for his crucial mediating role and efforts to help children effected by the insurgency in his country?

A) Zannah Mustapha	B) Francois Gabart
C) Sarah Mullally	D) Cyril Ramaphosa

Answer & Explanation Answer: A) Zannah Mustapha

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Filed Under: Honours and Awards
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Q:

The G-77 is a coalition of developing nation, what was the venue of G-77, 2017 summit?

A) Indonesia	B) Ecuador
C) South Korea	D) Argentina

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