Questions

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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Filed Under: Indian Economy
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Q:

Under GST regime, in ‘Composition Scheme’, taxpayers have to fill returns ______.

A) Monthly B) Half-yearly
C) Quarterly D) Bi-Monthly
 
Answer & Explanation Answer: C) Quarterly

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Q:

In May 2017, the Base year of All-Indian WPI (Wholesale Price Index) has been revised from 2004-05 to ______.

A) 2010-11 B) 2015-16
C) 2011-12 D) 2016-17
 
Answer & Explanation Answer: C) 2011-12

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Q:

What denotes offering several products for sale as one combined product?

A) Advertisement B) Product mix
C) Product bundling D) Differentiation
 
Answer & Explanation Answer: C) Product bundling

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) If a thing B) is worth doing at all
C) it is worth done well. D) No error
 
Answer & Explanation Answer: C) it is worth done well.

Explanation:

Error is in third part. Since “doing” was used in second part it should be followed by “doing” in third part as well instead of using “done”. Such repetitive figure of speech is used in
English grammar to create emphasis. This sentence indicates that a thing that is worth doing is also worthy of doing well. Here worth is the noun that must be followed by the verb doing.

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Filed Under: English
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Q:

Find the odd words / letters / numbers from the given alternatives .

A) ACEG B) IKMO
C) FHJL D) TUWY
 
Answer & Explanation Answer: D) TUWY

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Q:

In the following question, select the odd letter/letters from the given alternatives

A) RTV B) HJL
C) KMP D) BDF
 
Answer & Explanation Answer: C) KMP

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Q:

Who devised the policy of Doctrine of Lapse?

A) Lord Curzon B) Lord Mountbatten
C) Lord Dalhousie D) Robert Clive
 
Answer & Explanation Answer: C) Lord Dalhousie

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Filed Under: Indian History
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