Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

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Q:

Which among the following cannot be included among greenhouse gases?

A) Nitrous Oxide B) Carbon Dioxide
C) Methane D) Phosphine
 
Answer & Explanation Answer: D) Phosphine

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Q:

An amendment of the constitution may be initiated ___

A) by introduction by the President of India. B) by introduction of a Bill in Rajya Sabha.
C) by the Governors of States. D) by the introduction of a bill in either House of Parliament.
 
Answer & Explanation Answer: D) by the introduction of a bill in either House of Parliament.

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Q:

In November 2017, Indian Government approved setting up of ‘Pradhan Mantri Mahila Shakti Kendras’. These will be set up in how many most backward districts of the country?

A) 100 B) 150
C) 115 D) 200
 
Answer & Explanation Answer: C) 115

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Q:

To enlarge their hold over India, many wars were fought between British and Indians but NOT one of the following.

A) Anglo-Maratha B) Anglo-Sikh
C) Anglo-Mysore D) Anglo-Bangla
 
Answer & Explanation Answer: D) Anglo-Bangla

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Q:

If the cost price of 20 books is the same as selling price of 25 books, then the loss percentage is

A) 20 B) 25
C) 22 D) 24
 
Answer & Explanation Answer: A) 20

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Q:

Who among the following is known as the Father of Civil Services in India?

A) Lord Cornwallis B) Warren Hastings
C) Lord Wellesley D) Lord William Bentinck
 
Answer & Explanation Answer: A) Lord Cornwallis

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