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Q:

A price floor is _____.

A) a maximum legal price B) a minimum legal price
C) the price where demand equals supply D) the price where elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: B) a minimum legal price

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Q:

In perfect competition _____.

A) Products can be similar or different B) Producer can control price by controlling production
C) Demand curve is perfectly elastic D) All firms make economic profit in the long run
 
Answer & Explanation Answer: C) Demand curve is perfectly elastic

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Q:

Mount Semeru, an active volcano, located in

A) Africa B) New Zealand
C) Indonesia D) Myanmar
 
Answer & Explanation Answer: C) Indonesia

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Q:

The G-20 Summit in November 2015 was organized in which European Country?

A) Germany B) Turkey
C) France D) Spain
 
Answer & Explanation Answer: B) Turkey

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Q:

____ jointly launched International Solar Alliance (ISA) at Conference of Parties (CoP21) Climate Conference held in Paris, France on 1st December 2015.

 

 

A) India and China B) India and France
C) India and USA D) India and Russia
 
Answer & Explanation Answer: B) India and France

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Q:

In August 2017, who launched ‘S&P BSE Bharat 22 Index’?

A) Asia Index B) Europe Index
C) Australia Index D) Africa Index
 
Answer & Explanation Answer: A) Asia Index

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Q:

What is the increase in the number of workdays under the rural job guarantee scheme (MNREGA) in drought-affected areas?

A) 10 B) 25
C) 40 D) 50
 
Answer & Explanation Answer: D) 50

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Q:

The Typhoon named 'Goni' has recently hit which country?

A) Philippines B) United States of America
C) Indonesia D) Australia
 
Answer & Explanation Answer: A) Philippines

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