Questions

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 quantity of good X demanded increases from 2300 to 2700 when price of good Y increases from Rs. 45 to Rs. 55, find Arc Cross elasticity of demand?

A) 4 B) 1.25
C) 0.25 D) 0.8
 
Answer & Explanation Answer: D) 0.8

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Q:

In the following question, select the odd letter/ letters from the given alternatives

A) DHM B) GKO
C) IMQ D) LPT
 
Answer & Explanation Answer: A) DHM

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Q:

__________ approves constitutional amendments.

A) Rajya Sabha B) Ministry of Defence
C) Prime Minister's Office D) Securities and Exchange Board of India
 
Answer & Explanation Answer: A) Rajya Sabha

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Q:

What is the full form of the Indian Political Party, "CPI"?

A) Common Party of India B) Commonly Party of India
C) Communist Party of India D) Community Party of India
 
Answer & Explanation Answer: C) Communist Party of India

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Q:

In a food chain, what is the difference between primary consumers and secondary consumers?

A) Primary consumers eat plants and other consumers, secondary consumers eat plants and decomposed matter B) Primary consumers eat only plants, secondary consumers eat primary consumers
C) Primary consumers eat plants and decomposed matter, secondary consumers eat plants and other consumers D) Primary consumers eat other consumers, secondary consumers eat only plants
 
Answer & Explanation Answer: B) Primary consumers eat only plants, secondary consumers eat primary consumers

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Q:

What is the name of the acid in an ant's sting?

A) Acetic acid B) Citric acid
C) Formic acid D) Lactic acid
 
Answer & Explanation Answer: C) Formic acid

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Q:

Under the Liberalised Remittance Scheme, Authorised Dealers may freely allow remittances by resident individuals up to USD __________________ per Financial Year for any permitted current or capital account transaction or a combination of both. 

A)  USD 3,00,000   B)  USD 3,50,000  
C)  USD 2,00,000   D)  USD 2,50,000  
 
Answer & Explanation Answer: D)  USD 2,50,000  

Explanation:

Under the Liberalised Remittance Scheme, Authorised Dealers may freely allow remittances by resident individuals up to USD 2,50,000 per Financial Year (April-March) for any permitted current or capital account transaction or a combination of both

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