General Knowledge Questions

Q:

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

A) Equilibrium B) Excess Demand
C) Excess Supply D) Marginal Revenue
 
Answer & Explanation Answer: C) Excess Supply

Explanation:
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.
Grandfather led (1)/a peaceful life after his (2)/retirement from the army.(3)/No Error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: D) 4

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Q:

Five statements are given below, labelled A, B, C, D and E, among these, four statements are in logical order and form a coherent paragraph/passage. From the given options, choose the option that does not fit into the theme of the passage.

A) This takes us back to John Stuart Mill, the great nineteenth-century economist and philosopher, who believed that nobody can be a good economist if he or she is just an economist. B) To be sure, most academic disciplines have become highly specialized since Mill’s day; and, since the collapse of theology,
C) no field of study has aimed to understand the human condition as a whole. D) The life insurance industry has been destroyed by high and uncertain inflation as well.
 
Answer & Explanation Answer: D) The life insurance industry has been destroyed by high and uncertain inflation as well.

Explanation:

All statements except ‘D’ are based on the economists versus the economy, while sentence D talks about 'The Destructive Power of Inflation'.

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Q:

After how much time the laws made by Parliament on the state subjects during a National Emergency become inoperative and cease to operate?

 

A) Three months B) Six months
C) Nine months D) Twelve months
 
Answer & Explanation Answer: B) Six months

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Q:

Who is the first Indian player to score a century in his debut One day International Cricket match? The said player achieved this feat in 2016.

A) Karun Nair B) Hardik Pandya
C) Jayant Yadav D) K.L. Rahul
 
Answer & Explanation Answer: D) K.L. Rahul

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Q:

To which dynasty did the famous patron of literature king Bhoja belong?

A) Chalukya B) Chola
C) Paramara D) Pala
 
Answer & Explanation Answer: C) Paramara

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Filed Under: Indian History
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Q:

The number of days' sales uncollected is calculated by

A) Dividing accounts receivable by net sales and multiplying by 365. B) Dividing net sales by accounts receivable and multiplying by 365.
C) Dividing accounts receivable by net sales. D) Dividing net sales by accounts receivable.
 
Answer & Explanation Answer: A) Dividing accounts receivable by net sales and multiplying by 365.

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Q:

Increase in the demand for a good will cause the equilibrium price of the good to ________ and the equilibrium quantity to _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: A) increase; increase

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