Questions

Q:

In economic equilibrium _____

A) supply is equal to the demand. B) the surplus is larger than the shortage.
C) elasticity of demand equals elasticity of supply D) price elasticity of demand is unity
 
Answer & Explanation Answer: A) supply is equal to the demand.

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Q:

When a person can see only nearby objects, the condition is called

A) Hypermetropia B) Astigmatism
C) Myopia D) Retinopathy
 
Answer & Explanation Answer: C) Myopia

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Q:

How are elements arranged in the Modern Periodic Table?

A) In the increasing order of their Molecular Mass B) In the increasing order of their Atomic Mass
C) In the increasing order of their Atomic Number D) In the increasing order of their Mass Number
 
Answer & Explanation Answer: B) In the increasing order of their Atomic Mass

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Q:

At which place a joint military exercise named 'SAMPRITI' was held in November 2017 between Bangladesh and India?

 

 

A) Mizoram B) Madhya Pradesh
C) West Bengal   D) No option is correct
 
Answer & Explanation Answer: A) Mizoram

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Q:

Where is the Cherry Blossom Festival celebrated annually?

A) Odisha B) Assam
C) Sikkim D) Meghalaya  
 
Answer & Explanation Answer: D) Meghalaya  

Explanation:

Shillong, the capital of Meghalaya hosts the only Cherry Blossoms festival in India.

 

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Q:

Which   one   of   the   following   is   not   a component  of  Revenue  Receipts  of  the Union Government?

A) Corporate tax receipts B) Dividends and profits
C) Disinvestment receipts D) Interest receipts
 
Answer & Explanation Answer: C) Disinvestment receipts

Explanation:

Revenue    receipts    are    regular source of Government of India, but Disinvestment   receipts   are   not regular    source    of    Income    of Government  and  all  other  given are regular

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Q:

Reema wants to buy a certain designer party dress. The shop is offering a discount of 20% on that dress which is marked at Rs 5000. If Reema was willing to pay even Rs 7000 for that dress, Reema's consumer surplus is

A) Rs 3000 B) Rs 2000
C) Rs 1000 D) Rs 7000
 
Answer & Explanation Answer: A) Rs 3000

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Q:

Who is the only Indian economist to have won the Nobel prize?

A) Avinash Dixit B) Amit Mishra
C) Amartya Sen D) Abhijit Banerjee
 
Answer & Explanation Answer: C) Amartya Sen

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