General Knowledge Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

Which of the following right has been removed from fundamental rights and converted to a simple legal right?

A) Right to life and personal liberty B) Right to property
C) Right to education D) Right to freedom of religion
 
Answer & Explanation Answer: B) Right to property

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Q:

The organiser of the India Mobile Congress?

A) Ministry of Communication B) Ministry of Education
C) Ministry of Electronics and IT D) Ministry of Science and Technology
 
Answer & Explanation Answer: A) Ministry of Communication

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Q:

Which of the following is NOT an effect of Noise Pollution?

A) Death of Animals B) Tinnitus
C) Hypertension D) Ozone Depletion
 
Answer & Explanation Answer: D) Ozone Depletion

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Q:

The number of parliamentary seats (Rajya Sabha) of Uttar Pradesh is

A) 12 B) 16
C) 18 D) 31
 
Answer & Explanation Answer: D) 31

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Q:

Which of the following is also known as the Biochemical Laboratory of the Human Body?

A) Small Intestine B) Brain
C) Pancreas D) Liver
 
Answer & Explanation Answer: D) Liver

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Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the average revenue is zero.

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

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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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