Questions

Q:

The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?

A) Macroeconomics B) Econometrics
C) Microeconomics D) Heterodox Economics
 
Answer & Explanation Answer: C) Microeconomics

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Q:

In economics secondary effects refer to the

A)  best alternative that must be forgone as the result of a choice. B) immediate and visible intended consequences of a change.
C) impact of the scarcity of resources on the scarcity of the goods that are produced with those resources. D) unintended consequences of a change that are not immediately identifiable but are felt only with time.
 
Answer & Explanation Answer: B) immediate and visible intended consequences of a change.

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Q:

Who awarded the Kaisar-i-Hind medal of the British to Mahatma Gandhi for his contribution to ambulance services in South Africa?

 

A) Lord Dalhousie B) Lord Canning
C) Lord Hardinge D) Lord Curzon
 
Answer & Explanation Answer: C) Lord Hardinge

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Filed Under: Indian History
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Q:

Women's Doubles World Champions for 2015 announced by International Tennis Federation are

A) Martina Hingis and Sania Mirza B) M. Sands and L Safarova
C) Serena Williams and Venus Williams D) Sara Errani and Roberta Vinci
 
Answer & Explanation Answer: A) Martina Hingis and Sania Mirza

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Filed Under: Sports
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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

When negative attitudes toward religion, in the West or elsewhere, are motivated by a ______ for justice, they must be respected.

A) disinterest B) concern
C) distraction D) association
 
Answer & Explanation Answer: B) concern

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Filed Under: English
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Q:

In December 2017, SEBI tightened rating agency norms. The net worth requirement for rating agencies has now been increased from Rs 5 crore to ______.

A) Rs 10 crore   B) Rs 15 crore
C) Rs 20 crore D) Rs 25 crore
 
Answer & Explanation Answer: D) Rs 25 crore

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Filed Under: General Awareness
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Q:

The best way to deal with a tailgater is to

A) Speed up to increase the distance between you and the tailgater B) Change lanes or gradually slow down to encourage them to pass
C) Slam on your brakes to get the other driver to back off D) Ignore them
 
Answer & Explanation Answer: B) Change lanes or gradually slow down to encourage them to pass

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Q:

Which is the form of market where there is lack of competition?

A) Monopoly B) Oligopoly
C) Perfect competition D) Marketisation
 
Answer & Explanation Answer: A) Monopoly

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