Q:

In a cut motion, when the amount of demand is reduced by Rs 100/ , it is known as

A) Disapproval of policy cut	B) Economy cut
C) Vote on Account	D) Token cut

Answer & Explanation Answer: D) Token cut

Explanation:

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Filed Under: Indian Economy

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Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero	B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive	D) When total utility is maximum,marginal and average utility are equal to each other.

Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Q:

The goods which people consume more, when their price rises are called _______.

A) Essential goods	B) Capital goods
C) Veblen goods	D) Giffen goods

Answer & Explanation Answer: D) Giffen goods

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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

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Q:

In April 2017, Chief Minister Amarinder Singh banned inclusion of names of Ministers and MLA's on Plaques and Foundation Stones in which state?

A) Maharashtra	B) Punjab
C) Himachal Pradesh	D) Uttar Pradesh

Answer & Explanation Answer: B) Punjab

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Filed Under: Indian Geography
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Q:

______________ scheme launched by the Central Government is a special social security scheme which includes Pension and Life Insurance.

A) Deen Dayal Upadhyaya Grameen Kaushalya Yojana	B) Deendayal Upadhyaya Gram Jyoti Yojana
C) Mahatma Gandhi Pravasi Suraksha Yojana	D) Indradanush Scheme

Answer & Explanation Answer: C) Mahatma Gandhi Pravasi Suraksha Yojana

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Filed Under: Indian Politics
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Q:

Which Fundamental Right in the Indian Constitution prohibits trafficking, forced labour, and children working under 14 years of age?

A) Right to Equality	B) Right to Freedom
C) Right against Exploitation	D) Right to Freedom of Religion

Answer & Explanation Answer: C) Right against Exploitation

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Q:

Who launched Pradhan Mantri Vaya Vandana Yojana (PMVVY) in July 2017?

A) Rajnath Singh	B) Arun Jaitley
C) Suresh Prabhu	D) Nirmala Sitharaman

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