Questions

Q:

India was able to achieve the fiscal deficit target for the Financial Year 2016-17. It was how much percent of GDP?

A) 3.50% B) 4.20%
C) 3.00% D) 2.50%
 
Answer & Explanation Answer: A) 3.50%

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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:

Which is the form of market where there is lack of competition?

A) Monopoly B) Oligopoly
C) Perfect competition D) Marketisation
 
Answer & Explanation Answer: A) Monopoly

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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.

The quest for a _____ life engrosses every human being on this earth. Everyman tends to define a happy life in a _____ individualistic fashion. _____have attempted to define a happy life in various terms. Hedonists have a _____ notion that happiness lies in the _____ of physical appetites.

The quest for a _____ life engrosses every human being

A) simple B) sad
C) happy D) real
 
Answer & Explanation Answer: C) happy

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Q:

In the given question, a part of the sentence is printed in bold. Below the sentence, three alternatives to the bold part are given which may help improve the sentence. Choose the option that reflects the correct use of the phrase in the context of the sentence. In case the given sentence is correct, your answer is (E) i.e. No correction required.

At first glance, it seems implausible that such an intricately engineered bio system such as our could have come about merely as a result of random modifications.

i. such an intricately engineered bio system as ours

ii. such intricately engineered bio system such as our

iii. such intricately engineered bio system such as ours

A) Only I B) Only ii
C) Only iii D) Both ii and iii
 
Answer & Explanation Answer: A) Only I

Explanation:

In the above sentence, the example of our bio system is given when an intricately engineered bio system is talked about. To show possession here, “ours” will be used in place of “our”.

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Q:

Which  one  of  the  following  constitutional authorities  inquires  and  decides  in  case  of doubts  and  disputes  arising  out  of  election of  the  President  and  Vice  President  Of India?

A) The Supreme Court of India B) The Election Commission of India
C) The Parliamentary Committee D) The High Court of Delhi
 
Answer & Explanation Answer: A) The Supreme Court of India

Explanation:

Supreme     Court     inquires     and decides   in   case   of   doubts   and disputes  arising  out  of  elections  of President    and    Vice    president.

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Q:

Who has the right to decide whether a Bill is a money bill or not?

A) Speaker of Lok Sabha B) Prime Minister
C) President D) Finance Minister
 
Answer & Explanation Answer: A) Speaker of Lok Sabha

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Q:

The President of India appoints how many Chief Election Commissioner(s)?

A) One B) Two
C) Three D) Four
 
Answer & Explanation Answer: A) One

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