Questions

Q:

In India, how much percent of GDP is the fiscal deficit target for the Financial Year 2017-18?

A) 4.20% B) 3.20%
C) 2.20% D) 4.00%
 
Answer & Explanation Answer: B) 3.20%

Explanation:
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Q:

What is an octroi ?

A) Tax B) Tax collection centre
C) Tax processing centre D) Tax information centre
 
Answer & Explanation Answer: A) Tax

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Q:

The short run marginal cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Q:

If a person's income increases from Rs. 10 lakhs per year to Rs. 11 lakhs per year and tax increases from Rs. 80,000 to Rs. 92,500 the marginal tax rate is

A) 12.50% B) 8%
C) 10% D) 15%
 
Answer & Explanation Answer: A) 12.50%

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Q:

The determinants of aggregate supply -

A) Capital stock B) Wages
C) Technology D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Aggregate supply is the total supply of goods and services available to a particular market from producers.

Wages, Technology, Capital stock, Energy prices are the determinants of aggregate supply.

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

Widespread liberalization of the economic ________________ regime was long overdue in 1991, and has played a positive role since, but its impact has ________________ its course and the policy has recognisable ___________________. Liberalization cannot address all aspects of the man­made environment and now climate change ________________ to change everything forever. We do not have another quarter century to deal ___________ these imperatives.

 

Widespread liberalization of the economic ________________ regime

 

A) manifesto B) statement
C) plan D) policy
 
Answer & Explanation Answer: D) policy

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Several countries ___________________ the world are now replacing the __________________ model of criminal justice partly _____________________ wholly with different models of restorative justice, _____________________ promising results in crime control. The process is more collaborative, consensual and inclusive, that is characteristic ____________________ indigenous systems of justice.

 

now replacing the __________________

 

A) opposing B) anti
C) against D) adversarial
 
Answer & Explanation Answer: D) adversarial

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Worldwide, journalism and the news industry are struggling, in this digital age, to ________________ their relevance and value under profoundly changed and _________________ circumstances. In response ________________ the challenge, a strong view is forming within the profession that one way to ensure that the activities that __________________ journalism will continue to matter is to hone, strengthen, and develop its professional capabilities to perform certain __________________ tasks.

 

relevance and value under profoundly changed and _________________ circumstances.

 

A) stagnant B) plethora of
C) variety D) changing
 
Answer & Explanation Answer: D) changing

Explanation:
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