Questions

Q:

In India, how much percent of GDP is the fiscal deficit target for the Financial Year 2017-18?

A) 4.20% B) 3.20%
C) 2.20% D) 4.00%
 
Answer & Explanation Answer: B) 3.20%

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Q:

A ___________ deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.

A) Current Account B) Savings Account
C) Capital Account D) Asset Account
 
Answer & Explanation Answer: A) Current Account

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Q:

What is an octroi ?

A) Tax B) Tax collection centre
C) Tax processing centre D) Tax information centre
 
Answer & Explanation Answer: A) Tax

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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 marginal revenue is zero.

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

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Q:

The short run marginal cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Q:

In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.

A) Supply B) Demand
C) Price D) Stock Market
 
Answer & Explanation Answer: C) Price

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

The employee had become _______________ to both the manager's praise as well as reprimand.

A) hardened B) indifferent
C) hostile D) immune
 
Answer & Explanation Answer: B) indifferent

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.


Equally disappointing is the court's ________________, one-paragraph dismissal of the claim that criminal ________________ creates a chilling effect upon speech. Such proclamations are easy _______________ from the high, secure, and insulated bench of the Supreme Court. It is journalists and newspapers, fighting hundreds of _____________ cases in court, _______________ have to deal with the very real consequences.


It is journalists and newspapers, fighting hundreds of _____________ cases in court

A) imaginary B) frivolous
C) unintellgible D) ordinary
 
Answer & Explanation Answer: B) frivolous

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