Questions

Q:

In which year was the Aam Aadmi Party founded?

A) 2010 B) 2011
C) 2012 D) 2013
 
Answer & Explanation Answer: C) 2012

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Q:

Headquarters of International Gas Union (IGU) located in

A) Geneva, Switzerland B) Barcelona, Spain
C) Paris, France D) Riyadh, Saudi Arabia
 
Answer & Explanation Answer: B) Barcelona, Spain

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Q:

The Tableau of which state was adjudged best at the Republic Day parade?

A) Gujarat B) Uttar Pradesh
C) Tripura D) Assam
 
Answer & Explanation Answer: B) Uttar Pradesh

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Q:

What occurs during the appropriations process?

A) Congress acquires requested oversight material from the executive. B) Congress instructs the president to eliminate federal agencies.
C) Congress grants funds to federal agencies and programs.  D) Congress makes laws.
 
Answer & Explanation Answer: C) Congress grants funds to federal agencies and programs. 

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Q:

In September 2017, RBI has capped bank investments in private equity fund at ______ percent of paid up capital.

 

A) 5 B) 10  
C) 15   D) 18
 
Answer & Explanation Answer: B) 10  

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Q:

On 22 November, 2017 the Indian Air Force successfully test fired an air launched BrahMos from a ______ fighter aircraft.

 

A) Mirage-2000 B) Sukhoi Su-30 MKI
C) Mig-29 D) HAL Tejas
 
Answer & Explanation Answer: B) Sukhoi Su-30 MKI

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Q:

In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.

A) Monopsony B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: D) Monopolistic Competition

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Q:

Economics assumes that

A) people have unlimited desires but limited resources B) people have limited desires but unlimited resources
C) allocation of resources if not centrally planned will cause inefficiency D) people are emotional and make irrational decisions
 
Answer & Explanation Answer: A) people have unlimited desires but limited resources

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