Questions

Q:

The  Most  Favoured  Nation  (MFN)  Clause under   WTO   regimeis   based   on   the principle of 

A) non-discrimination between nations B) discrimination between nations
C) differential  treatment  between  locals and foreigners D) uniform tariff across commodities
 
Answer & Explanation Answer: A) non-discrimination between nations

Explanation:

In   Most-favoured-nation countries cannot normally discriminate between their trading partners.

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Q:

Which of the following is one of the saltiest lakes in the world?

A) Red sea B) Aral sea
C) Caspian sea D) Dead sea
 
Answer & Explanation Answer: D) Dead sea

Explanation:
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Q:

A series is given, with one term missing. Choose the correct alternative from the given ones that will complete the series.

6,11,21,36,56,?

A) 42 B) 51
C) 81 D) 91
 
Answer & Explanation Answer: C) 81

Explanation:
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Q:

If the cost price of 20 books is the same as selling price of 25 books, then the loss percentage is

A) 20 B) 25
C) 22 D) 24
 
Answer & Explanation Answer: A) 20

Explanation:
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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 asentence is free from error, select 'No Error'.

1. The 26th of January was chosen 

2. to commemorate the Purna Swaraj

3. declaration for the complete independence, of 1930.

4. No error

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

Explanation:
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Filed Under: English

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best
expresses the same sentence in Indirect/Direct speech.
“Bring me my spectacles,” said grandfather to me.

A) Grandfather ordered me and brought him his spectacles. B) Grandfather ordered me to have brought to him his spectacles.
C) Grandfather ordered me to bring him his spectacles. D) Grandfather ordered myself to bring his spectacles to where he was.
 
Answer & Explanation Answer: C) Grandfather ordered me to bring him his spectacles.

Explanation:
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Q:

___________ is an alternative way of representing the production function.

A) The Short Run B) The Long Run
C) Isoquant D) Average product
 
Answer & Explanation Answer: C) Isoquant

Explanation:
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Filed Under: Indian Economy
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Q:

__________________ is a good whose quantity demanded decreases when consumer income rises.

A) Veblen good B) normal good
C) exclusive good D) inferior good
 
Answer & Explanation Answer: D) inferior good

Explanation:
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