Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases.	B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases.	D) if the price of a good increases, the quantity demanded of that good increases.

Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

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Filed Under: Indian Economy
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Q:

Which of the following is done at a Stock Exchange ?

A) Commodities are bought and sold at wholesale price	B) Commodities are bought and sold at retail price
C) Securities are bought and sold	D) None of these

Answer & Explanation Answer: C) Securities are bought and sold

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Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

A) increase; increase	B) decrease; decrease
C) increase; decrease	D) decrease; increase

Answer & Explanation Answer: D) decrease; increase

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Q:

Which of the following places presents the oldest evidence of Neolithic Era?

A) Chirnd	B) Mehrgarh
C) Burghome	D) Daimabad

Answer & Explanation Answer: B) Mehrgarh

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Filed Under: Indian History
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Q:

In June 2017, who has become the first local body in the country to issue ‘municipal bonds’ in nearly one and a half decade?

A) Municipal Corporation of Mumbai	B) Municipal Corporation of Pune
C) Municipal Corporation of Delhi	D) Municipal Corporation of Kolkata

Answer & Explanation Answer: B) Municipal Corporation of Pune

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Q:

Where did Rani Lakshmi Bai die fighting the British?

A) Varanasi	B) Gwalior
C) Morar	D) Jhansi

Answer & Explanation Answer: B) Gwalior

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Q:

What is the capital of Greece?

A) Buenos Aires	B) Stockholm
C) Athens	D) Bern

Answer & Explanation Answer: C) Athens

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Filed Under: Country Capitals
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Q:

Which of the following President was awarded the Nobel Peace Prize 2016?

A) Raffel Korea	B) Juan Manuel Santos
C) Donald Trump	D) Alexander Lukashenko

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