Sawaal

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Q:

Who among the following is a renowned campaigner against manual scavenging who was recently conferred with the prestigious Magsaysay award?

A) T.M. Krishna B) Bezwada Wilson
C) Anshu Gupta D) Sanjiv Chaturvedi
 
Answer & Explanation Answer: B) Bezwada Wilson

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Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to 

A) improve B) diminish
C) remain constant D) first diminish and then improve
 
Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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Q:

Goods whose demand is proportional to price are called

A) inferior goods B) Veblen goods
C) normal goods D) exclusive goods
 
Answer & Explanation Answer: B) Veblen goods

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Q:

What was the debt-to-GDP ratio for the Financial Year 2016-17?

A) 60.40% B) 49.40%
C) 50.40% D) 55.40%
 
Answer & Explanation Answer: B) 49.40%

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Q:

The __________ exchange rate is the relative price of foreign goods in terms of domestic goods.

A) Artificial B) Nominal
C) Fixed D) Real
 
Answer & Explanation Answer: D) Real

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Q:

The marginal propensity to consume lies between ____________.

A) 0 to Infinity B) 0 to 1
C) 1 to Infinity D) 0 to 10
 
Answer & Explanation Answer: B) 0 to 1

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Q:

Mandu festival is celebrated in which state?

A) Odisha B) Madhya Pradesh
C) Gujarat D) Andhra Pradesh
 
Answer & Explanation Answer: B) Madhya Pradesh

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Filed Under: Indian Geography
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Q:

Which of the following elements replaced eka-Aluminium in Mendeleev's Periodic table?

A) Scandium B) Gallium
C) Titanium D) Germanium
 
Answer & Explanation Answer: B) Gallium

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