Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good	B) Giffin good
C) Inferior good	D) Normal good

Answer & Explanation Answer: A) Superior good

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Economic sanctions are mainly used to

A) to help international trade run smoothly.	B) punish nations that disobey international law
C) to impose tariffs on vehicles at the border	D) all the above

Answer & Explanation Answer: B) punish nations that disobey international law

Explanation:

A sanction is a punishment imposed on another nation, or on individual natives of another nation.

Economic sanctions are characterized as the withdrawal of standard exchange and money related relations for outside and security strategy purposes. They might be extensive, denying business movement as to a whole nation,...

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Q:

Time period of Annual Plans was ___________.

A) 1990-1992	B) 1987-1990
C) 1992-1994	D) No option is correct

Answer & Explanation Answer: A) 1990-1992

Explanation:

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Q:

In April 2017, N. K. Singh Committee recommended a fiscal deficit of how much percent of GDP by Financial Year 2022-23?

A) 2.50%	B) 3.00%
C) 3.50%	D) 4.00%

Answer & Explanation Answer: A) 2.50%

Explanation:

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Q:

What was the element used in traditional thermometers which is highly toxic in nature?

A) Carbon	B) Mercury
C) Arsenic	D) Cadmium

Answer & Explanation Answer: B) Mercury

Explanation:

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Filed Under: Chemistry
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Q:

Hirakud reservoir is built across the river

A) Sutlej	B) Godavari
C) Mahanadi	D) Narmada

Answer & Explanation Answer: C) Mahanadi

Explanation:

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Filed Under: Indian Geography
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Q:

India's largest renewable energy park would be located in

A) Gujarat	B) Tamil Nadu
C) Rajasthan	D) Punjab

Answer & Explanation Answer: A) Gujarat

Explanation:

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Q:

Tripitakas are sacred books of _______.

A) Sikhs	B) Jews
C) Buddhists	D) Muslims

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