Q:

What is the present Personal Income Tax exemption limit for male individuals below 60 years of age & HUF (FY 2015-16)?

A) Rs. 2.5 lakhs	B) Rs. 3 lakhs
C) Rs. 1.5 lakhs	D) Rs. 4 lakhs

Answer & Explanation Answer: A) Rs. 2.5 lakhs

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Filed Under: Indian Politics
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Q:

Which of the following is not a renewable source of energy?

A) Solar	B) Wind
C) Ocean waves	D) Coal

Answer & Explanation Answer: D) Coal

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Filed Under: Physics
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Q:

Bahadur Shah I (1707–1712 AD) was the ruler of which dynasty?

A) Nanda	B) Maurya
C) Mughal	D) Haryanka

Answer & Explanation Answer: C) Mughal

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Filed Under: Indian History
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Q:

Which country is the largest producer of Rice?

A) Brazil	B) China
C) United States	D) India

Answer & Explanation Answer: B) China

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Filed Under: World Geography
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Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand	B) Law of supply
C) Law of substitution	D) Law of optimal choice

Answer & Explanation Answer: A) Law of demand

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Filed Under: Indian Economy
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Q:

Inflation exists when

A) there is general increase in the prices over time.	B) there are periodic decreases in the price level.
C) there are continuous increases in the output level over time.	D) there is rise in the purchasing value of money.

Answer & Explanation Answer: A) there is general increase in the prices over time.

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Q:

What is income available with a person after deducting for taxes called?

A) Disposable Income	B) Cash Income
C) Salary	D) General Income

Answer & Explanation Answer: A) Disposable Income

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Q:

Which of the following metals does NOT react with cold or hot water?

A) Aluminium	B) Potassium
C) Sodium	D) Calcium

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