Questions

Q:

What is true about economic resources?

A) Economic resources are limited. B) Economic resources are always controlled by the government.
C) Economic resources include only money. D) Economic resources exist only at the individual level.
 
Answer & Explanation Answer: A) Economic resources are limited.

Explanation:

Economic resources are those goods and services that can be converted into valuable products for individual and business purposes.

There are four major types of economic resources:

1. land,

2. labor,

3. capital and

4. entrepreneurship.

 

Land and labor are natural and human resources, while capital means physical resources or money.

Entrepreneurship converts these resources into usable goods.

 

However, resources have finite values, and proper utilization depends on economic systems and economic decisions.

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Q:

Economic liberalization in India started with ___________.

A) substantial changes in industrial licensing policy   B) convertibility of Indian rupee  
C) doing away with procedural formalities for foreign direct investment D) significant reduction in tax rates  
 
Answer & Explanation Answer: A) substantial changes in industrial licensing policy  

Explanation:
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Q:

The reactivity of an atom arises from

A) the existence of unpaired electrons in the valence shell B) the potential energy of the valence shell
C) the average distance of the outermost electron shell from the nucleus D) the sum of the potential energies of all the electron shells
 
Answer & Explanation Answer: A) the existence of unpaired electrons in the valence shell

Explanation:

The reactivity of an atom arises from the existence of unpaired electrons in the valence shell.

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Q:

Which country has decided to venture into Internet of things with new satellite system 'Marathon'?

A) China B) Russia
C) India D) Japan
 
Answer & Explanation Answer: B) Russia

Explanation:

Russia has decided to venture into Internet of things with new satellite system 'Marathon'.

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Q:

What is one example of a closed economy?

A) Brazil B) China
C) Pakistan D) India
 
Answer & Explanation Answer: A) Brazil

Explanation:

Brazil is one example of a closed economy in the given options. 

A closed economy is one that has no trade activity with outside economies. A closed economy is self-sufficient, which means no imports come into the country and no exports leave the country. A closed economy's intent is to provide domestic consumers with everything they need from within the country's borders.

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Q:

How many Species go Extinct Every Day?

Answer

About 150 - 200 species of plant, insect, bird and mammal become extinct every day or 24 hrs.


This is not an accurate but an estimation by U.N. Convention on Biological Diversity and Global Extinction Rates. It is also said that current extinctions were 'up to 100 times higher than the background rate.'

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Q:

A cappella refers to

A) Literature B) Music
C) Arts D) War
 
Answer & Explanation Answer: B) Music

Explanation:
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Q:

_____ officially recognises Bitcoin as currency ?

A) South Korea B) China
C) Japan D) India
 
Answer & Explanation Answer: C) Japan

Explanation:
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