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Q:

A ___________ deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.

A) Current Account B) Savings Account
C) Capital Account D) Asset Account
 
Answer & Explanation Answer: A) Current Account

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Filed Under: Indian Economy
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Q:

Calculate the economic profit for a firm if its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

A) Rs 110 crores B) Rs 300 crores
C) Rs 60 crores D) Rs 250 crores
 
Answer & Explanation Answer: C) Rs 60 crores

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Filed Under: Indian Economy
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Q:

What is the Greenhouse Effect?

A) The fall in population of plants due to human activity B) It is the warming of earth's surface due to its atmosphere
C) The polluting effect of burning fossil fuels D) The heating of the atmosphere due to depletion of the ozone layer
 
Answer & Explanation Answer: B) It is the warming of earth's surface due to its atmosphere

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Filed Under: Chemistry
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Q:

Matter is classified as a

A) pure substance B) mixture
C) both 1 & 2 D) none of the above
 
Answer & Explanation Answer: C) both 1 & 2

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Filed Under: Chemistry
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Q:

A ________________ is known by different names in different parts of the world. It is called a ‘hurricane’ in North America.

A) funnel B) whirlpool
C) cyclone D) twister
 
Answer & Explanation Answer: C) cyclone

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Filed Under: General Science
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Q:

There are total _________ parliamentary seats (Rajya Sabha constituency) in Odisha.

A) 11 B) 19
C) 10 D) 1
 
Answer & Explanation Answer: C) 10

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Filed Under: Indian Politics
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Q:

Who was the first President of the Indian National Congress?

A) Womesh Chunder Bonnerjee B) Bal Gangadhar Tilak
C) Allan Octavian Hume D) Dadabhai Naorji
 
Answer & Explanation Answer: A) Womesh Chunder Bonnerjee

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Q:

Which one of the following events is not correctly matched with the year in which it happened?

A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985 B) Conclusion of the Uruguay Round of GATT—1994
C) Inauguration of the World Trade Organization—1995 D) Establishment of the first wholly electronic stock exchange (Nasdaq)—1971
 
Answer & Explanation Answer: A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985

Explanation:

•SWIFT was founded in the 1970s, based on the ambitious and innovative vision of creating a global financial messaging service, and a common language for international financial messaging.

•The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 and embracing 123 countries as "contracting parties".

•The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement.

•Founded by the National Association of Securities Dealers, the NASDAQ began trading on February 8, 1971, as the world's first electronic stock market.

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Filed Under: General Awareness
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