Questions

Q:

A minimum wage _____.

A) is the price floor below which workers may not sell their labor B) is set at a price below the equilibrium wage
C) creates a price ceiling below which the wage cannot legally go D) decreases unemployment
 
Answer & Explanation Answer: A) is the price floor below which workers may not sell their labor

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Q:

In which of the following market forms, a firm does not exercise control over price?

A) Monopoly B) Perfect competition
C) Oligopoly D) Monopolistic competition
 
Answer & Explanation Answer: B) Perfect competition

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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

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Q:

Which answer figure will complete the pattern in the question figure?

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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Q:

Name the former world silver medallist representing Manipur who claimed gold in the 48 kg category at the 2018 Natic Women's Boxing Championships in Rohtak.

A) Sravanthi Naidu B) Sarjubala Devi
C) Shobha Pandit D) Mithali Raj
 
Answer & Explanation Answer: B) Sarjubala Devi

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Filed Under: Honours and Awards
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Q:

When is International day for Preservation of Ozone layer observed?

A) September 16 B) July 4
C) January 23 D) May 1
 
Answer & Explanation Answer: A) September 16

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Q:

The Arjuna Awards given by the Government of India is for public achievement in which of the following fields?

A) Literature B) Poverty Eradication
C) Sports D) Economics
 
Answer & Explanation Answer: C) Sports

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Q:

The  Most  Favoured  Nation  (MFN)  Clause under   WTO   regimeis   based   on   the principle of 

A) non-discrimination between nations B) discrimination between nations
C) differential  treatment  between  locals and foreigners D) uniform tariff across commodities
 
Answer & Explanation Answer: A) non-discrimination between nations

Explanation:

In   Most-favoured-nation countries cannot normally discriminate between their trading partners.

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