General Knowledge Questions

Q:

In April 2017, N. K. Singh Committee recommended a fiscal deficit of how much percent of GDP by Financial Year 2022-23?

A) 2.50% B) 3.00%
C) 3.50% D) 4.00%
 
Answer & Explanation Answer: A) 2.50%

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Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

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

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Q:

Acceleration is

A) Inversely proportional to force B) Inversely proportional to mass
C) Directly proportional to mass D) Directly proportional to force
 
Answer & Explanation Answer: D) Directly proportional to force

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Q:

The demand curve facing a perfectly competitive firm is

A) downward sloping B) perfectly inelastic
C) a concave curve D) perfectly elastic
 
Answer & Explanation Answer: D) perfectly elastic

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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:

Kyoto Protocol's (an international treaty to reduce greenhouse gas emissions) first meeting was held at which country?

A) USA B) Germany
C) Japan D) Switzerland
 
Answer & Explanation Answer: C) Japan

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Q:

Which one of the following issues was included in the Indo-US Nuclear Agreement of 2007?

A) India has 'advance right to reprocess' US-origin safeguarded spent fuel. B) India did not have the right to build a strategic fuel reserve with the help of the other supplier countries
C) India should not test a nuclear device D) The US will impede with the growth of India's nuclear weapons programme.
 
Answer & Explanation Answer: C) India should not test a nuclear device

Explanation:

The deal would indirectly bring India under purview of NSG and US laws that would not allow India to conduct nuclear test in the future. The issue of nuclear test was later clarified as the moratorium on nuclear test was unilateral and voluntary and there was no pressure on India from outside.

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Q:

The Leader of which country has been given a title of “General secretary” of the ruling Workers’ Party?

A) North Korea B) Vietnam
C) Thailand D) China
 
Answer & Explanation Answer: A) North Korea

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