General Knowledge Questions

Q:

Which of the following best describes monetary policy?

A) Managing the economy by controlling the money supply B) Determining the design printed on the national currency
C) Regulating transactions in the currency exchange market D) Raising and lowering the foreign exchange rate
 
Answer & Explanation Answer: A) Managing the economy by controlling the money supply

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Q:

If demand curve for racing cycles is D = 80200 ­ 13P and supply curve is S = 6200 + 12P, What is the equilibrium Quantity?

A) 2960 units B) 31220 units
C) 8750 units D) 41720 units
 
Answer & Explanation Answer: D) 41720 units

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Q:

In economic equilibrium _____

A) supply is equal to the demand. B) the surplus is larger than the shortage.
C) elasticity of demand equals elasticity of supply D) price elasticity of demand is unity
 
Answer & Explanation Answer: A) supply is equal to the demand.

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Q:

In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.

A) Supply B) Demand
C) Price D) Stock Market
 
Answer & Explanation Answer: C) Price

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Q:

The average variable cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Q:

Syntax Errors are determined by

A) Interpreter B) ALU
C) Logic Unit D) Control Unit
 
Answer & Explanation Answer: D) Control Unit

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Q:

Who amongst the following is a renowned vocalist?

A) Kaushalaya Reddy B) Manjit Bawa
C) Raja Ravi Verma D) Pt. Jasraj
 
Answer & Explanation Answer: D) Pt. Jasraj

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Q:

Where did the leader of the Individual Satyagraha movement, Acharya Vinoba Bhave started this movement?

 

A) Nashik B) Poona
C) Pavnar D) Nagpur
 
Answer & Explanation Answer: C) Pavnar

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