Questions

Q:

An increase of 1% per annum in the rate of growth of the money supply will increase inflation in the long run by _______.

A) Zero percent B) One percent
C) 0.5 percent D) More than one percent
 
Answer & Explanation Answer: B) One percent

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Q:

A hand made paper workshop can hire 8 craftsmen by paying them Rs 400 per person per day. The 9th craftsman demands Rs 450 per day. If this craftsman is hired then all other craftsmen must be paid Rs 450. The marginal resource (labour) cost of the 9th craftsman is

A) Rs 50 B) Rs 850
C) Rs 800 D) Rs 100
 
Answer & Explanation Answer: B) Rs 850

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Q:

"Sunrise Industries” are industries _____________

A) which are well developed and have ample scope for further development   B) which improve export performance of the country  
C) which small-scale industries   D) which have high growth potential and meet further requirements of the economy  
 
Answer & Explanation Answer: D) which have high growth potential and meet further requirements of the economy  

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Q:

Which of the following pairs (school of paintings and region where it flourished) is correctly matched?

 

A) Kalighat Paintings - Kolkata B) Phad (scroll paintings) - Punjab
C) Madhubani Paintings - Bihar D) Kalamkari - Andhra Pradesh
 
Answer & Explanation Answer: B) Phad (scroll paintings) - Punjab

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Q:

Which among the following is true for the Supreme Court of India ?

A) Federal Court B) Court of Appeal
C) Guardian of the Constitution D) All of these
 
Answer & Explanation Answer: D) All of these

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Q:

In July 2017, the Central Government has set the investment limit per fiscal year for ‘Hindu Undivided Family’ to ______ kg under ‘Sovereign Gold Bonds Scheme’.

A) 2 B) 10
C) 4 D) 15
 
Answer & Explanation Answer: C) 4

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Q:

Who is the author of the book “A Life Less Ordinary : A Memoir”?

A) Salman Rushdie B) Arundhati Roy
C) Baby Halder D) Rohinton Mistry
 
Answer & Explanation Answer: C) Baby Halder

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Q:

The demand for a normal good decreases with ________ in the consumer's income.

A) increase B) decrease
C) constant D) double
 
Answer & Explanation Answer: B) decrease

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