Questions

Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist B) Socialist
C) Mixed D) Both Capitalist and Socialist
 
Answer & Explanation Answer: A) Capitalist

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Q:

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

A) same B) higher
C) lower D) minimum
 
Answer & Explanation Answer: A) same

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Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic B) indifferent
C) market demand D) diminishing
 
Answer & Explanation Answer: C) market demand

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Q:

A shop keeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of cost price to the printed price of the book is

A) 45:56 B) 50:61
C) 99:125 D) None of these
 
Answer & Explanation Answer: A) 45:56

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Q:

Which of the following voted for Brexit in June 2016?

A) England and Scotland B) England and Wales
C) Scotland and Northern Ireland D) Wales and Northern Ireland
 
Answer & Explanation Answer: B) England and Wales

Explanation:

The decision by the electorate was to "Leave the European Union" which won by a majority of 1,269,501 votes (3.78%) over those who had voted in favour of "Remain a member of the European Union" with England and Wales voting to "Leave" whilst Scotland and Northern Ireland voted to "Remain".

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Q:

NABARD sanctioned a loan assistance of Rs 1350 crore to Rajasthan under the ‘RIDF’. What does ‘R’ stand for in ‘RIDF’?

 

A) Rapid B) Re-arrange
C) Rural D) Response
 
Answer & Explanation Answer: C) Rural

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Q:

ATM stands for

A) Any Time Money B) Auto Technology Money
C) Automated Teller Machine D) Automatic Transaction Machinery
 
Answer & Explanation Answer: C) Automated Teller Machine

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Q:

India and which country, on 25 October, 2017, agreed to implement helicopter operations from ships to strengthen maritime security?

A) USA B) Somalia
C) Japan D) Germany
 
Answer & Explanation Answer: A) USA

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