Questions

Q:

Officially what is the conventional long name of Sri Lanka?

A) Democratic Socialist Republic of Sri Lanka   B) Socialist Republic of Sri Lanka  
C) Republic of Sri Lanka   D) No option is correct.  
 
Answer & Explanation Answer: A) Democratic Socialist Republic of Sri Lanka  

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Q:

First country to impose carbon tax is ________.

A) Australia B) Iceland
C) USA D) New Zealand
 
Answer & Explanation Answer: D) New Zealand

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Q:

All doubts and disputes in connection with election of the President are inquired into and decided by __________ .

A) the Election Commission B) the Supreme Court
C) the Parliament D) Prime Minister
 
Answer & Explanation Answer: B) the Supreme Court

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Q:

Which system is used by the Digital Computers to encode data and Programs?

A) Decimal B) Binary
C) Hexa decimal D) Octal
 
Answer & Explanation Answer: B) Binary

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Q:

Which of the following country is a part of the South Asian Free Trade Area (SAFTA)?

A) China B) Japan
C) Mayanmar D) Sri Lanka
 
Answer & Explanation Answer: D) Sri Lanka

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Filed Under: Indian Geography
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Q:

What is the popular name of Monolithic rock shrines at Mahabalipuram ?

A) Rathas B) Prasadas
C) Mathika D) Gandhakuti
 
Answer & Explanation Answer: A) Rathas

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Q:

In 2015, the nominal rate of interest in a country was 5.5% and the inflation rate then was 2.5%. So real rate of interest in 2015 was _________.

A) 8 percent B) 2.2 percent
C) 13.75 percent D) 3 percent
 
Answer & Explanation Answer: D) 3 percent

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Q:

When some goods or productive factors are completely fixed in amount, regardless of price, the supply curve is

A) horizontal B) downward sloping to the right
C) vertical D) upward sloping to the right
 
Answer & Explanation Answer: D) upward sloping to the right

Explanation:

Although demand curves are typically downward sloping to reflect that consumers’ utility for a good diminishes with increased consumption, firm supply curves are generally upward sloping.The upward sloping character reflects that firms will be willing to increase production in response to a higher market price because the higher price may make additional production profitable.

 

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