Questions

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

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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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Q:

Which of the following meals is NOT obtained by reduction using carbon?

A) Copper B) Sodium
C) Iron D) Zinc
 
Answer & Explanation Answer: B) Sodium

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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 of the following represents the CORRECT scheme of sub-groups at various levels in classification?

A) Kingdom → Phylum → Class → order → Family → Genus → Species B) Kingdom → Order → Class → Family → Genus → Species → Phylum
C) Kingdom → Phylum → Order → Genus → Species → Class → Family D) Phylum → Kingdom → Class → Order → Genus → Family → Species
 
Answer & Explanation Answer: A) Kingdom → Phylum → Class → order → Family → Genus → Species

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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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