Q:

In India, planned economy is based on

A) Mixed Economy System	B) Capitalist System
C) Gandhian System	D) Socialist System

Answer & Explanation Answer: D) Socialist System

Explanation:

In_India,_planned_economy_is_based_on1556278122.jpg image

In India, planned economy is based on Socialist System.

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Q:

The prices at which the government purchases food grains for maintaining the Public Distribution system (PDS) and for building up buffer - stock is known as :

A) minimum support prices	B) procurement prices
C) issue prices	D) ceiling prices

Answer & Explanation Answer: B) procurement prices

Explanation:

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Q:

Rearrange the parts of the sentence in correct order.

If per capita income is taken

P-as the measure then we are
Q-away from 'great power' status
R-still some distance

A) PRQ	B) PQR
C) QPR	D) RPQ

Answer & Explanation Answer: A) PRQ

Explanation:

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Q:

Which of the following statement(s) about acids is/are CORRECT ?

I. They change the color of red litmus to blue.
II. They change the color of blue litmus to red.
III. They have pH value less than 7.

A) Only I and III	B) Only II and III
C) Only I	D) Only II

Answer & Explanation Answer: B) Only II and III

Explanation:

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Q:

Improve the bracketed part of the sentence.

Each of our (trainee pay theirs) tuition fee at the beginning of the course.

A) trainees pay theirs	B) trainee pays theirs
C) trainees pays his	D) no improvement

Answer & Explanation Answer: C) trainees pays his

Explanation:

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Q:

Consider the following statements about indifference curves:

1. Indifference curves are convex to the origin.

2. Higher indifference curve represents higher level of satisfaction.

3. Two indifference curves cut each other.Which of the statements given above is/are correct?

A) 1 only	B) 1 and 2
C) 2 and 3	D) 3 only

Answer & Explanation Answer: B) 1 and 2

Explanation:

The indifference curves cannot intersect each other.

Higher indifference curve represents a higher level of satisfaction because higher IC means a bundle consisting more of both the goods or same quantity of one good n more quantity of the other good .Hence statement 2 is correct and 3 is incorrect.

Indifference curves is convex to the point of origin because of diminishing Marginal Rate of Substitution.

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Q:

Which of the following is the MOST OPPOSITE in meaning to the given word?

Interim

A) Medieval	B) Tentative
C) Interval	D) Permanent

Answer & Explanation Answer: D) Permanent

Explanation:

“Interim” means in or for the intervening period; provisional. Options B and C are synonyms of the word and A and E are irrelevant. “Permanent” is the word which best explains the opposite meaning of “interim”. Thus, option D is the correct answer4

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Q:

Jawaharlal Nehru award is given for

A) Governament Science	B) Literary Work
C) International Understanding	D) Social work

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