Q:

Depreciation is loss in value of ________

A) Final goods	B) Machinery
C) Capital stock	D) Stock of inventory

Answer & Explanation Answer: B) Machinery

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Filed Under: Indian Economy
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Q:

Which of the following tax systems will help to reduce economic inequalities in India?

A) Regressive Tax	B) Progressive Tax
C) Flat rate tax	D) None of these

Answer & Explanation Answer: B) Progressive Tax

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Q:

The economic way of thinking stresses that

A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.	B) changes in personal costs and benefits generally fail to exert much impact on behavior.
C) if a good is provided by the government, its production will not consume valuable scarce resources.	D) if one individual gains from an economic activity, then someone else must lose and in the same proportion.

Answer & Explanation Answer: A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.

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Q:

The 'Cabinet Mission' of 1946 was led by

A) Lord Linlithgow	B) Lord Mountbatten
C) Sir Pethic Lawrence	D) Sir Mountford

Answer & Explanation Answer: C) Sir Pethic Lawrence

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Filed Under: Indian History
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Q:

The Peacock Throne was a famous jewelled throne that was the seat of the ________ emperors of India.

A) Maurya	B) Gupta
C) Mughal	D) Maratha

Answer & Explanation Answer: C) Mughal

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Q:

Which country won 2016 Men's Hockey Champions Trophy ?

A) India	B) Germany
C) Belgium	D) Australia

Answer & Explanation Answer: D) Australia

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Filed Under: Sports
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Q:

Chand Bibi was the ruler of _______.

A) Ahmednagar	B) Bijapur
C) Satara	D) Golconda

Answer & Explanation Answer: A) Ahmednagar

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Filed Under: Indian History
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Q:

Who is the author of "India: From Midnight to the Millennium"?

A) Anuj Tiwari	B) Mitali Meelan
C) Shashi Tharoor	D) Jhumpa Lahiri

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