General Knowledge Questions

Q:

What happens to the Potential and Kinetic energies of a body as it falls down from a height?

A) Its Potential energy decreases while its Kinetic energy increases B) There is no change in its Potential or Kinetic energy
C) Its Potential and Kinetic energies decrease D) Its Potential energy increases while its Kinetic energy decreases
 
Answer & Explanation Answer: A) Its Potential energy decreases while its Kinetic energy increases

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Q:

The concept of Triratna belonged to

A) Sikhism B) Jainism
C) Buddhism D) Zoroastrianism
 
Answer & Explanation Answer: C) Buddhism

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Filed Under: Indian Culture
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Q:

Indian Constitution has how many Schedules?

A) 4 B) 8
C) 12 D) 16
 
Answer & Explanation Answer: B) 8

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Filed Under: Indian Politics
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Q:

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

A) Deflation B) Stagflation
C) Recession D) Depression
 
Answer & Explanation Answer: B) Stagflation

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Q:

The major objective of monetary policy is to

A) increase government's tax revenue B) revamp the Public Distribution System
C) Promote economic growth with price stability D) weed out corruption in the economy
 
Answer & Explanation Answer: C) Promote economic growth with price stability

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Q:

A ___________ deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.

A) Current Account B) Savings Account
C) Capital Account D) Asset Account
 
Answer & Explanation Answer: A) Current Account

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Q:

Which of the following taxes is levied by the State Government only?

A) Wealth tax B) Entertainment tax
C) Income tax D) Gift tax
 
Answer & Explanation Answer: B) Entertainment tax

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Q:

In terms of economics, if it is possible to make someone better­off without making someone worse­off, then the situation is

A) Inefficient B) Efficient
C) Optimal D) Pareto­superior
 
Answer & Explanation Answer: D) Pareto­superior

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