Questions

Q:

A minimum wage _____.

A) is the price floor below which workers may not sell their labor B) is set at a price below the equilibrium wage
C) creates a price ceiling below which the wage cannot legally go D) decreases unemployment
 
Answer & Explanation Answer: A) is the price floor below which workers may not sell their labor

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Filed Under: Indian Economy
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Q:

If for the year a country's GDP was $ 1315 million, consumer spending was $900 million, investment by businesses was $180 million, exports were $85 million and imports were $100 million, calculate government spending?

A) $220 million B) $250 million
C) $580 million D) $610 million
 
Answer & Explanation Answer: B) $250 million

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Filed Under: Indian Economy
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Q:

Atomic mass of Carbon is 12 and that of Helium is 4. State which of the following statements is true for 1 mole of each of the elments?

A) 1 mole of Helium will contain 3 times more atoms than 1 mole of Carbon B) 1 mole of Carbon will contain the same number of atoms as present in 1 mole of Helium
C) 1 mole of Carbon will contain one-third the number of atoms present in 1 mole of Helium D) 1 mole of Carbon will contain 3 times more atoms than 1 mole of Helium
 
Answer & Explanation Answer: B) 1 mole of Carbon will contain the same number of atoms as present in 1 mole of Helium

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Filed Under: Chemistry
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Q:

The Magdalena River is one of the largest basins of South America. Through which country does it flow?

 

A) Brazil B) Columbia
C) chile D) Argentina
 
Answer & Explanation Answer: D) Argentina

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Filed Under: World Geography
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Q:

The given data shows the registration of bikes and total vehicles (in thousands) for 6 months in 2017 in City X.

Note : In the chart, the first number represents bikes and the second number represents total vehicles.

Based on the given data, from January to April 2017, the increase in the registration of vehicles other than bikes is ___.

A) 9050 B) 8500
C) 9000 D) 8000
 
Answer & Explanation Answer: C) 9000

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Q:

Who launched 'Shramdaan movement' as part of Swachh Bharat and Swachh Puducherry initiative at Seliamedu village in Puducherry?

A) Rajiv Bansal B) Prakash Javdekar
C) Nitish Kumar D) Lt Governor Kiran Bedi
 
Answer & Explanation Answer: D) Lt Governor Kiran Bedi

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Filed Under: General Awareness
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Q:

The  Most  Favoured  Nation  (MFN)  Clause under   WTO   regimeis   based   on   the principle of 

A) non-discrimination between nations B) discrimination between nations
C) differential  treatment  between  locals and foreigners D) uniform tariff across commodities
 
Answer & Explanation Answer: A) non-discrimination between nations

Explanation:

In   Most-favoured-nation countries cannot normally discriminate between their trading partners.

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Q:

In July 2017, the Central Government has set the investment limit per fiscal year for ‘Hindu Undivided Family’ to ______ kg under ‘Sovereign Gold Bonds Scheme’.

A) 2 B) 10
C) 4 D) 15
 
Answer & Explanation Answer: C) 4

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