Questions

Q:

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

A) Rs 7200 B) Rs 9000
C) Rs 14400 D) Rs 19800
 
Answer & Explanation Answer: C) Rs 14400

Explanation:
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Q:

Where is Nargu Wildlife Sanctuary?

A) Tamil Nadu B) Himachal Pradesh
C) Karnataka D) Uttar Pradesh
 
Answer & Explanation Answer: B) Himachal Pradesh

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No error'.
On Sundays (1)/ I prefer reading (2)/ than going out visiting my friends. (3)/ No Error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

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Q:

Which Five Year Plan adopted Indicative Planning in India?

A) 9th B) 4th
C) 3rd D) 8th
 
Answer & Explanation Answer: D) 8th

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Q:

The second most senior office in the country is of _____ .

A) Office of the President of India B) Office of the Prime Minister of India
C) Office of the Vice President of India D) Office of the Chief Justice of India
 
Answer & Explanation Answer: C) Office of the Vice President of India

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Q:

From May 2017, the Real Estate Act has come into effect. It aims to protect the interests of ______.

A) Bureaucrats B) Home Buyers
C) Lenders D) No option is correct
 
Answer & Explanation Answer: B) Home Buyers

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Q:

The South China Sea Dispute involves which of the following countries?1. China2. Vietnam3. Malaysia4. IndonesiaSelect the correct answer using the code given below.

A) 1 and 4 B) 1 and 2 only
C) 1, 2 and 3 D) 2, 3 and 4
 
Answer & Explanation Answer: C) 1, 2 and 3

Explanation:

The South China Sea disputes involve both island and maritime claims among several sovereign states within the region, namely Brunei, the People's Republic of China (PRC), Republic of China (Taiwan), Malaysia, the Philippines, and Vietnam.

Although Indonesia is not part of claims in the South China Sea dispute, after Joko Widodo became President of the country in 2014, he instituted a policy in 2015 that, if any foreign fishermen were caught illegally fishing in Indonesian waters, their vessels would be destroyed.

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Q:

Which  of  the  following  statements  about the  Trans-Pacific  Partnership  (TPP)  is  /are correct?

1.The  TPP  was  signed  by  12  Pacific  Rim nations in the year 2015.

2.The TPP is likely to be a game-changer in  global  trade  as  member  countries account  for  about  40  percent  of  global GDP.

3.India is a founder member of TPP.

Select  the  correct  answer  using  the  code given below.

A) 1, 2 and 3 B) 1 and 2 only
C) 2 and 3 only D) 1 only
 
Answer & Explanation Answer: B) 1 and 2 only

Explanation:

3  is  incorrect,  as  India  is  not  a member of TPP

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