Questions

Q:

The Law of Demand is based on the concept that people _______.

A) buy more of a good as their income increases. B) buy more of a good as the price of the good falls.
C) will spend all of their money on something. D) want more of everything even if they have no money to buy anything.
 
Answer & Explanation Answer: B) buy more of a good as the price of the good falls.

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Q:

Which law states that bad money drives good money out of circulation?

A) Wagner's law B) Grimm's law
C) Gresham's law D) Keynes' law
 
Answer & Explanation Answer: C) Gresham's law

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Q:

If demand curve for renting a car is D = 90000 -­ 23P and supply curve is S = 9000 + 7P, find the equilibrium Price?

A) Rs 1800 B) Rs 900
C) Rs 3600 D) Rs 2700
 
Answer & Explanation Answer: D) Rs 2700

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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of the four alternatives suggested, select the one which best
expresses the same sentence in Passive/Active voice.
I have kept all your old letters.

A) Keeping of all your old letters has been done by me. B) I keep your letters which have become old.
C) Your letters which have become old would be kept by me. D) All your old letters have been kept by me.
 
Answer & Explanation Answer: D) All your old letters have been kept by me.

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Q:

Prawns belong to which family?

A) Crustaceans B) Fish
C) Amphibians D) Reptiles
 
Answer & Explanation Answer: A) Crustaceans

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Q:

During which Five Year Planning was NABARD established?

A) 5th B) 6th
C) 3rd D) 9th
 
Answer & Explanation Answer: B) 6th

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Q:

Article 29 of the Constitution of India grants which of the following rights?

A) Protection in respect of conviction for offences B) Traffic in humans beings prohibited
C) Protection of interests of minorities D) Prohibits taxes on religious grounds
 
Answer & Explanation Answer: C) Protection of interests of minorities

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Q:

Who has been appointed as the Governor of Assam as of March 2018?

A) Subramanian Swamy B) Ganga Prasad
C) Banwarilal Purohit D) Jagdish Mukhi
 
Answer & Explanation Answer: D) Jagdish Mukhi

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