Q:

Globalization of the economy has

A) decreased regional specialization of production	B) decreased investment in less developed countries
C) heightened economic differences among places	D) leveled economic differences between places

Answer & Explanation Answer: C) heightened economic differences among places

Explanation:

Economic globalization is the increasing economic integration and interdependence of national, regional and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital.

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Q:

The speed of light in vacuum is estimated as ___ meters/second.

A) 3.00 x 108	B) 3.10 x 108
C) 3.12 x 108	D) 3.15 x 108

Answer & Explanation Answer: A) 3.00 x 108

Explanation:

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Q:

Provincial Autonomy was provided by

A) The Government of India Act 1935	B) The Montague-Chelmsford Report
C) The Government of India Act 1919	D) The Indian Independence Act 1947

Answer & Explanation Answer: A) The Government of India Act 1935

Explanation:

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

Rags to riches

A) It takes a lot of hard work to earn wealth	B) To con someone and become rich by taking away their wealth
C) Used to describe a person's rise from a state of extreme poverty to one of great wealth	D) Earn wealth or reputation by unfair means

Answer & Explanation Answer: C) Used to describe a person's rise from a state of extreme poverty to one of great wealth

Explanation:

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Filed Under: English
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Q:

In the following question, out of the given four alternatives, select the one which best expresses the meaning of the given word.

Jubilant

A) Happy	B) Aggressive
C) Ancient	D) Defeat

Answer & Explanation Answer: A) Happy

Explanation:

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

The most effective measure to keep (1)/ our roads safe is enforcement of rules (2)/ with zero tolerance to any violate rule. (3)/ No error. (4)

A) 1	B) 2
C) 3	D) 4

Answer & Explanation Answer: C) 3

Explanation:

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Q:

Which of the following statements is incorrect, if resources were unlimited?

A) there would still be scarcity and opportunity costs	B) there would still be scarcity but no opportunity costs
C) there would be no scarcity, but there would be opportunity costs.	D) there would neither be scarcity nor opportunity costs

Answer & Explanation Answer: C) there would be no scarcity, but there would be opportunity costs.

Explanation:

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Q:

The consumption and saving schedules reveal that the:

A) MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line.	B) MPC is equal to or greater than one at all income levels.
C) MPC is greater than zero, but less than one.	D) APS is positive at all income levels.

Answer & Explanation Answer: C) MPC is greater than zero, but less than one.

Explanation:

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