Q:

In India the reform policies were first introduced in which year?

A) 1951	B) 1971
C) 1991	D) 2001

Answer & Explanation Answer: C) 1991

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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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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:

The tides in the sea are primarily due to

A) the atmospheric effect of the Earth	B) the gravitational effect of Venus on the Earth
C) the gravitational effect of the Sun on the Earth	D) the gravitational effect of the Moon on the Earth

Answer & Explanation Answer: D) the gravitational effect of the Moon on the Earth

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Filed Under: World Geography
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Q:

Pablo Picasso was from _____.

A) India	B) UK
C) Spain	D) Italy

Answer & Explanation Answer: C) Spain

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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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Q:

Find arc elasticity of demand, if quantity demanded falls from 4600 to 4200 when price of the item is increased from Rs 960 to Rs 1000?

A) -2.23	B) -2.09
C) 2.23	D) 2.09

Answer & Explanation Answer: A) -2.23

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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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