Questions

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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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:

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.

 

Irony. __________________word captures our response to the ongoing nationwide drought in more ways than one. We have woken _________ the reality of drought a full six months after the end of monsoon. After waking up, we focus ____________ the drinking water __________ in urban centres and not the multidimensional crisis of life and livelihood in _______________ hinterland.

 

After waking up, we focus ____________

 

A) on B) in
C) into D) upon
 
Answer & Explanation Answer: A) on

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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.


Decisions that profoundly _________________ not only the present __________________ succeeding generations, should not be taken in a ______________, or through one­time referendums. This is basic political common ________________. But in a voter turnout of 72.2 per cent, 51.9 per cent decided that Britain should exit the European Union (EU). The ___________________ of the Brexit vote are painfully clear.


The ___________________ of the Brexit vote are painfully clear.

 

A) residue B) corollary
C) consequences D) sequel
 
Answer & Explanation Answer: C) consequences

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Q:

Which of the following will cause an increase in the demand for coffee?

A) Price of coffee falling in foreign markets B) Coffee prices are expected to fall rapidly in domestic markets
C) Average income falls in the country D) Increase in price of tea
 
Answer & Explanation Answer: D) Increase in price of tea

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