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AIEEE Questions

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Q:

What made standard oil a horizontal integration monopoly?

A) It owned ninety percent of US oil refineries B) It operated all across the United States
C) It controlled all aspects of oil production D) It formed a trust
 
Answer & Explanation Answer: A) It owned ninety percent of US oil refineries

Explanation:
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Filed Under: World History
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Q:

How many gold medals won by India in olympics 2012?

A) 8 B) 6
C) 4 D) 0
 
Answer & Explanation Answer: D) 0

Explanation:

In olympics 2012, no gold medal for India. India won total 6 medals, 2 silver and 4 bronze in 2012.

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Filed Under: Sports
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

World Investment Report is published by which organizations?

A) UNESCO B) JICA
C) UNCTAD D) FDI
 
Answer & Explanation Answer: C) UNCTAD

Explanation:

UNCTAD - United Nations Conference on Trade and Development annually publishes the world investment report from 1991.

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Filed Under: World Organisations
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Q:

Taxes cannot be levied by the union government in India -

A) Tax on professions B) Service tax
C) Income tax D) All of the above
 
Answer & Explanation Answer: A) Tax on professions

Explanation:

Tax on professions cannot be levied by the union government in India.

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Filed Under: Indian Economy
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Q:

Under which Article the President can declare financial emergency?

A) Article 360 B) Article 356
C) Article 352 D) Article 350
 
Answer & Explanation Answer: A) Article 360

Explanation:

The President can declare financial emergency under Article 360.

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Filed Under: Indian Politics
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Q:

Macroeconomics is the study of

A) behavior of economy B) performance of economy
C) changes in economy D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Macroeconomics is the study of overall aggregate changes, behavior and performance of the economy of the country i.e, unemployment, GDP, inflation, etc...

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Filed Under: Indian Economy
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Q:

The US constitution defines citizenship in the

A) 14th Amendment B) 12th Amendment
C) 11th Amendment D) 10th Amendment
 
Answer & Explanation Answer: A) 14th Amendment

Explanation:

The US constitution defines citizenship in the 14th Amendment first section in the first clause.

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Filed Under: World Geography
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Q:

An increase in the price of a good will

A) decrease demand B) increase quantity demanded
C) increase demand D) decrease quantity demanded
 
Answer & Explanation Answer: D) decrease quantity demanded

Explanation:

In economics we study that, if the price of a good increases the demand in its quantity decreases or the demand for its complimentary good increases.

 

For example, if the rice of a good increased by 5%, the demand in its quantity decreases by 10% approximately.

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Filed Under: Business Awareness
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