General Knowledge Questions

Q:

In India all of the following are sources for government revenue, except?

A) Agricultural income tax B) Anti dumping duty
C) Perquisite tax D) Toll tax
 
Answer & Explanation Answer: A) Agricultural income tax

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Filed Under: Indian Economy
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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:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores B) Rs 43.5 crores
C) Rs 76.5 crores D) Rs 78.5 crores
 
Answer & Explanation Answer: D) Rs 78.5 crores

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Q:

What is the Greenhouse Effect?

A) The fall in population of plants due to human activity B) It is the warming of earth's surface due to its atmosphere
C) The polluting effect of burning fossil fuels D) The heating of the atmosphere due to depletion of the ozone layer
 
Answer & Explanation Answer: B) It is the warming of earth's surface due to its atmosphere

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Filed Under: Chemistry
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Q:

Who is the author of "I Too Had A Love Story"?

A) Jhumpa Lahiri B) Amish Tripathi
C) Ravinder Singh D) Salman Rushdie
 
Answer & Explanation Answer: C) Ravinder Singh

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Filed Under: Books and Authors
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Q:

Backward bending supply curve belongs to which market?

A) Capital B) Labour
C) Money D) Inventories
 
Answer & Explanation Answer: C) Money

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Q:

____ tissue changes the diameter of a blood vessel.

A) Heart B) Muscle
C) Epithelial D) Bone
 
Answer & Explanation Answer: B) Muscle

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Filed Under: Biology
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Q:

ITF Davis Cup is structured with a ___ nation World Group.

A) 8 B) 16
C) 20 D) 24
 
Answer & Explanation Answer: B) 16

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Filed Under: Sports
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