Sawaal

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Q:

If price of an article decreases from Rs. 25 to Rs. 20, quantity demanded increases from Q1 units to 1500 units. If point elasticity of demand is -1.25, find Q1?

A) 900 units B) 1200 units
C) 1800 units D) 2000 units
 
Answer & Explanation Answer: B) 1200 units

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Q:

In April 2017, N. K. Singh Committee recommended a fiscal deficit of how much percent of GDP by Financial Year 2022-23?

A) 2.50% B) 3.00%
C) 3.50% D) 4.00%
 
Answer & Explanation Answer: A) 2.50%

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Q:

Who was the Governor-General of India duringthe‘Sepoy Mutiny’?

A) Lord Dalhousie B) Lord Harding
C) Lord Canning D) Lord Lytton
 
Answer & Explanation Answer: C) Lord Canning

Explanation:

Lord Canning (1856-1862) was the Governor-General during the mutiny of 1857 (India’s first war of independence). After war he was made first Viceroy of India.

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Q:

The Kambala festival of Karnataka is essentially associated with what?

A) Cock fighting B) Buffalo race
C) Tribal dance D) Bull fighting
 
Answer & Explanation Answer: B) Buffalo race

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Q:

Zeatin is produced in ____ and transported to ___ in the xylem where it promotes cell division.

A) Shoots, Roots,  B) Roots, Shoots
C) Stems, Leaves D) Leaves, Stems
 
Answer & Explanation Answer: B) Roots, Shoots

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Q:

What does 'C' stands for 'CAGR', a business specific term for the geometric progression ratio that provides a constant rate over the specific time period?

A) Control B) Compound
C) Credit D) Call
 
Answer & Explanation Answer: B) Compound

Explanation:

CAGR stands for Compound Annual Growth Rate. So, C stands for Compound. Compound annual growth rate (CAGR) is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period.

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Q:

The closest example of a centrally planned economy is the __________ for the major part of the 20th Century.

A) USA B) India
C) Soviet Union D) Japan
 
Answer & Explanation Answer: C) Soviet Union

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Q:

A 'Market Economy' is one which

A) is controlled by the Government B) is free from the Government control
C) in influenced by international market forces D) All of these
 
Answer & Explanation Answer: B) is free from the Government control

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