Q:

In which of the following market forms, a firm does not exercise control over price?

A) Monopoly	B) Perfect competition
C) Oligopoly	D) Monopolistic competition

Answer & Explanation Answer: B) Perfect competition

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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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Q:

For what is Radiocarbon dating technique used?

A) To estimate soil contamination	B) To estimate the amount of water in fossils
C) To estimate the age of fossils	D) To estimate the quality of soil

Answer & Explanation Answer: C) To estimate the age of fossils

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Q:

What of the given below devices converts chemical energy to electrical energy?

A) Transformer	B) Battery
C) Electric Generator	D) Wheel

Answer & Explanation Answer: B) Battery

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Q:

The speed of the light is maximum in

A) Air	B) Vacuum
C) Water	D) Glass

Answer & Explanation Answer: B) Vacuum

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Q:

Article 43A of the Indian Constitution "Participation of workers in management of industries" deals with?

A) the State Government	B) the Union Government
C) the directive principles of state policy	D) the fundamental rights of the Indian Citizen

Answer & Explanation Answer: C) the directive principles of state policy

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Q:

Which Constitutional Amendment Act gave constitutional recognition to the panchayats?

A) 72nd Constitutional Amendment Act	B) 73rd Constitutional Amendment Act
C) 74th Constitutional Amendment Act	D) 75th Constitutional Amendment Act

Answer & Explanation Answer: B) 73rd Constitutional Amendment Act

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Q:

The Reserve Bank of India (RBI) proposed a four-tier regulatory framework for which type of financial institutions?

A) Foreign Banks	B) Small Finance Banks
C) NBFCs	D) Payments Banks

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