Questions

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:

Which of the following tax systems will help to reduce economic inequalities in India?

A) Regressive Tax B) Progressive Tax
C) Flat rate tax D) None of these
 
Answer & Explanation Answer: B) Progressive Tax

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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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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:

Which of these islands are located in the Arabian Sea?

A) Andaman Islands B) Nicobar Islands
C) Lakshadweep Islands D) All of the above
 
Answer & Explanation Answer: C) Lakshadweep Islands

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Filed Under: Indian Geography
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Q:

Dudhwa Tiger Reserve is in which state?

A) Karnataka B) Uttar Pradesh
C) Chhattisgarh D) West Bengal
 
Answer & Explanation Answer: B) Uttar Pradesh

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'. 

Not too long then, the (1)/ lodge was the only (2)/ place to stay here. (3)/No Error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: A) 1

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

 

We wish to make globalisation a means to expand human well being and freedom, (1)/ and to bring democracy and developmental (2)/ to local communities where people live. (3)/ No error (4).

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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