Questions

Q:

The economic survey of India is prepared by

A) Department of economic affairs B) Central statistical office (CSO)
C) National sample survey organization(NSSO) D) Office of Economic Advisor
 
Answer & Explanation Answer: A) Department of economic affairs

Explanation:

The Department of Economic Affairs, Finance Ministry of India presents the Economic Surveyin the parliament every year, just before the Union Budget. It is prepared under the guidance of theChief Economic Adviser, Finance Ministry. It is the ministry's view on the annual economic development of the country.

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Q:

The ‘National Trade Facilitation Action Plan’ has been formulated for implementation of World Trade Organisation’s Trade Facilitation Agreement(TFA). It will be implemented in between the years ______.

A) 2017-20 B) 2018-20
C) 2018-21 D) 2019-22
 
Answer & Explanation Answer: A) 2017-20

Explanation:
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Q:

Which country has made world's first all-electric ship, which can travel up to 80 Km with 200 tons cargo after a two hour charge?

A) Japan B) South Korea
C) China D) Australia
 
Answer & Explanation Answer: C) China

Explanation:
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Q:

___ has naked seeds.

A) Pinus B) Lemon
C) Carrot D) Wheat
 
Answer & Explanation Answer: A) Pinus

Explanation:
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Q:

Sphalerite is an ore/mineral of

A) Mercury B) Molybdenum
C) Silver D) Zinc
 
Answer & Explanation Answer: D) Zinc

Explanation:
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Q:

__________ of an input is defined as the change in output per unit of change in the input when all other inputs are held constant.

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: A) Marginal product

Explanation:
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Q:

If demand curve for racing cycles is D = 80200 ­ 13P and supply curve is S = 6200 + 12P, What is the equilibrium Quantity?

A) 2960 units B) 31220 units
C) 8750 units D) 41720 units
 
Answer & Explanation Answer: D) 41720 units

Explanation:
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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: A) Inferior goods

Explanation:
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