Questions

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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Filed Under: Indian Economy
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Q:

Match the characteristics with their market structure:
(a) Firm has control over quantity of output but it must take into account reactions of competitors.
b) Firm will tend to set output so that it earns maximum profits.

A) (a) Oligopoly, (b) Pure competition B) (a) Monopolistic competition, (b) Oligopoly
C) (a) Pure Monopoly, (b) Pure competition D) (a) Oligopoly, (b) Pure Monopoly
 
Answer & Explanation Answer: D) (a) Oligopoly, (b) Pure Monopoly

Explanation:
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Q:

Economics assumes that

A) people have unlimited desires but limited resources B) people have limited desires but unlimited resources
C) allocation of resources if not centrally planned will cause inefficiency D) people are emotional and make irrational decisions
 
Answer & Explanation Answer: A) people have unlimited desires but limited resources

Explanation:
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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

Explanation:
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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.

The accused said to the judge, "Let me meet my children before I die, sir."

A) The accused requests the judge to let him meet his children before he died. B) The accused requested the judge to let him meet his children before he died.
C) The accused begs the judge to allow him to meet his children before he dies. D) The accused begged the judge to let him meet his children before he dies.
 
Answer & Explanation Answer: B) The accused requested the judge to let him meet his children before he died.

Explanation:
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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.


The scene will now shift to obtaining __________________ instruments of ratification to bring the agreement into force _________________ 2020, the first year of its________________ implementation. The agreement will enter into force with the ratification of ______________ 55 countries, whose aggregate greenhouse gas (GHG) emissions ________________ at least 55 per cent of global emissions.


The agreement will enter into force with the ratification of ______________ 55 countries

A) partially B) at least
C) slightly D) somewhat
 
Answer & Explanation Answer: B) at least

Explanation:
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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.

___________ it became difficult to empirically prove that children __________ better in private schools, the attack __________ a new weapon: per unit cost of learning outcomes. Most of the learning outcome researches almost _______________ fail to understand the entire ______________ of education in any depth and reduces it to learning of so­called 3Rs for economic purposes.


Most of the learning outcome researches almost _______________ fail to understand

 

 

A) sometimes B) always
C) often D) rarely
 
Answer & Explanation Answer: B) always

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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 express the same sentence in Indirect/Direct speech.

‘Have you come from Japan?' said the shopkeeper to the tourist.

A) The shopkeeper asked the tourist whether she had come from Japan. B) The shopkeeper asked the tourist that if she had come from Japan.
C) The shopkeeper asked the tourist that whether she had came from Japan. D) The shopkeeper asked the tourist if she came from Japan.
 
Answer & Explanation Answer: D) The shopkeeper asked the tourist if she came from Japan.

Explanation:
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