Q:

Which of the following authority is elected on the basis of proportional representation in India?

A) Prime Minister	B) President
C) Governor	D) Lok Sabha Speaker

Answer & Explanation Answer: B) President

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Q:

A 5 kg object is raised through a height of 4 m. The work done by the force of gravity acting on the object is (take g = $10 m / s^{2}$ )

A) 200j	B) 20j
C) -20j	D) -200j

Answer & Explanation Answer: D) -200j

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Filed Under: Physics
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Q:

Which of the following states has the lowest literacy rate?

A) Kerala	B) Rajasthan
C) Bihar	D) Maharashtra

Answer & Explanation Answer: C) Bihar

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Filed Under: General Awareness
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Q:

Prime Minister's 'Ujjwala Yojana' is related to __________________

A) Free distribution of LPG connections to socially backward classes.	B) Free electric connections to members of Scheduled Castes and Scheduled Tribes.
C) Mass immunisation campaign for children.	D) None of the these.

Answer & Explanation Answer: A) Free distribution of LPG connections to socially backward classes.

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Q:

Which one of the following indices is now used by the Reserve Bank of India to measure the rate of inflation in India?

A) NASDAQ Index	B) BSE Index
C) Consumer Price Index	D) Wholesale Price Index

Answer & Explanation Answer: C) Consumer Price Index

Explanation:

The Wholesale Price Index (WPI) was main index for measurement of inflation in India till April 2014 when RBI adopted new Consumer Price Index (CPI) as the key measure of inflation.

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Filed Under: Indian Economy
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Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3%	B) 10%
C) 2.50%	D) 7%

Answer & Explanation Answer: B) 10%

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Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores	B) Rs. 52 crores
C) Rs. 18 crores	D) Rs. 38 crores

Answer & Explanation Answer: C) Rs. 18 crores

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Q:

Working capital is a measure of

A) liquidity	B) consistency
C) profitability	D) solvency

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