Questions

Q:

As per the 2016-17 Budget, the largest source of money to the Government of India is

A) Income Tax B) Corporation Tax
C) Non-tax revenues D) Borrowings and other liabilities
 
Answer & Explanation Answer: D) Borrowings and other liabilities

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Q:

Which country suggested the name 'NIVAR' to the 4th cyclone hit the North Indian Ocean Region in 2020?

A) India B) Iran
C) Sri Lanka D) Vietnam
 
Answer & Explanation Answer: B) Iran

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Q:

__________ scheme by the Central Government aims at providing free health checkups for pregnant women for the first 6 months of pregnancy.

A) Gram Uday Se Bharat Uday Abhiyan B) Pradhan Mantri Ujjwala Yojana
C) Pradhan Mantri Surakshit Matritva Abhiyan D) Vidyanjali Yojana
 
Answer & Explanation Answer: C) Pradhan Mantri Surakshit Matritva Abhiyan

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Q:

Vernal Equinox occurs on

A) June 22 B) March 20
C) May 20 D) June 20
 
Answer & Explanation Answer: B) March 20

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Q:

Which law states that bad money drives good money out of circulation?

A) Wagner's law B) Grimm's law
C) Gresham's law D) Keynes' law
 
Answer & Explanation Answer: C) Gresham's law

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Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases. B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases. D) if the price of a good increases, the quantity demanded of that good increases.
 
Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

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Q:

Economic sanctions are mainly used to

A) to help international trade run smoothly. B) punish nations that disobey international law
C) to impose tariffs on vehicles at the border D) all the above
 
Answer & Explanation Answer: B) punish nations that disobey international law

Explanation:

A sanction is a punishment imposed on another nation, or on individual natives of another nation.


Economic sanctions are characterized as the withdrawal of standard exchange and money related relations for outside and security strategy purposes. They might be extensive, denying business movement as to a whole nation,...

 

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Q:

Who is the only Indian economist to have won the Nobel prize?

A) Avinash Dixit B) Amit Mishra
C) Amartya Sen D) Abhijit Banerjee
 
Answer & Explanation Answer: C) Amartya Sen

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