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Q:

If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.

A) price exceeds its marginal costs B) price exceeds its average total costs
C) average variable costs exceed its average total costs D) fixed costs are zero
 
Answer & Explanation Answer: A) price exceeds its marginal costs

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Filed Under: Indian Economy
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Q:

­ Inflation exists when

A) there is general increase in the prices over time. B) there are periodic decreases in the price level.
C) there are continuous increases in the output level over time. D) there is rise in the purchasing value of money.
 
Answer & Explanation Answer: A) there is general increase in the prices over time.

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Q:

National sport of Argentina?

A) Football B) Archery
C) Volleyball D) Pato
 
Answer & Explanation Answer: D) Pato

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Filed Under: Sports
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Q:

Which male cricketer has been appointed as the UNICEF and Cricket for Good ambassador for the ICC Women's Cricket World Cup 2017?

A) Sachin Tendulkar B) Shane Warne
C) Clive Lloyd D) Brian Lara
 
Answer & Explanation Answer: D) Brian Lara

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Filed Under: Famous Personalities
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Q:

In July 2017, the Central Government has set the investment limit per fiscal year for ‘Hindu Undivided Family’ to ______ kg under ‘Sovereign Gold Bonds Scheme’.

A) 2 B) 10
C) 4 D) 15
 
Answer & Explanation Answer: C) 4

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Filed Under: General Awareness
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Q:

As of 2018, who is the chairman of the University Grants Commission (UGC)?

A) Najma Heptulla B) Anil Saharbudhe
C) V.K. Saraswat D) D.P. Singh
 
Answer & Explanation Answer: D) D.P. Singh

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Q:

In November 2017, Indian Government approved setting up of ‘Pradhan Mantri Mahila Shakti Kendras’. These will be set up in how many most backward districts of the country?

A) 100 B) 150
C) 115 D) 200
 
Answer & Explanation Answer: C) 115

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Filed Under: Indian Politics
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Q:

What is the minimum age for getting elected to the Lok Sabha?

A) 18 B) 21
C) 16 D) 25
 
Answer & Explanation Answer: D) 25

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Filed Under: Indian Politics
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