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Q:

The production possibilities curve illustrates the basic principle that

A) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced. B) the production of more of any one good will in time require smaller and smaller sacrifices of other goods.
C) an economy will automatically obtain full employment of its resources. D) an economy's capacity to produce increases in proportion to its population size.
 
Answer & Explanation Answer: A) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.

Explanation:

A graph that describes the maximum amount of one good that can be produced for every possible level of production of the other good is nothing but a production possibilities curve.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

The right to property was deleted from the list of fundamental rights by?

A) 45th Constitutional Act B) 44th Constitutional Act
C) 43rd Constitutional Act D) 42nd Constitutional Act
 
Answer & Explanation Answer: B) 44th Constitutional Act

Explanation:

The right to property was deleted from the list of fundamental rights by 44th Constitutional Act in the year 1976.

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Filed Under: Indian Politics
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Q:

Which becomes the first country to Recognise 'Orphanage Trafficking' as Slavery?

A) Mexico B) Australia
C) Afghanistan D) India
 
Answer & Explanation Answer: B) Australia

Explanation:

the first country to Recognise 'Orphanage Trafficking' as Slavery is Australia.

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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1 2649
Q:

Economics is the study of how society manages its

A) Limited resources & limited wants B) Unlimited wants & unlimited resources
C) Limited wants & unlimited resources D) Limited resources & unlimited wants
 
Answer & Explanation Answer: C) Limited wants & unlimited resources

Explanation:

Economics is the study of how society manages its scarce resources i.e, Limited wants & unlimited resources.

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Filed Under: Indian Economy
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Q:

All India Kisan Sabha was founded in

A) 1936 B) 1946
C) 1956 D) 1966
 
Answer & Explanation Answer: A) 1936

Explanation:

All India Kisan Sabha was founded in Lucknow in 1936. Swami Sahajanand Saraswati was elected as its first President.

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Filed Under: Indian History
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Q:

After how many years Rajya Sabha is dissolved?

A) It is never dissolved B) 2 years
C) 5 years D) 6 years
 
Answer & Explanation Answer: A) It is never dissolved

Explanation:

Rajya Sabha is a permanent body and is not subject to dissolution. However, one third of the members retire every second year, and are replaced by newly elected members.

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Filed Under: Indian Politics
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18 2647
Q:

Festival of Nuakhai was recently celebrated in

A) Telangana B) Odisha
C) Goa D) Maharastra
 
Answer & Explanation Answer: B) Odisha

Explanation:

Nuakhai or Nuankhai is an agricultural festival mainly observed by people of Odisha and Chhattisgarh in India. Nuakhai is observed to welcome the new rice of the season.

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Filed Under: Indian Culture
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Q:

GDP tends to overstate economic well-being because it takes into account

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Subject: Indian Economy Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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