General Knowledge Questions

Q:

Consider the following statements about indifference curves:

1. Indifference curves are convex to the origin.

2. Higher indifference curve represents higher level of satisfaction.

3. Two indifference curves cut each other.Which of the statements given above is/are correct?

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

Explanation:

The indifference curves cannot intersect each other.

Higher indifference curve represents a higher level of satisfaction because higher IC means a bundle consisting more of both the goods or same quantity of one good n more quantity of the other good .Hence statement 2 is correct and 3 is incorrect.

Indifference curves is convex to the point of origin because of diminishing Marginal Rate of Substitution.

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Q:

V. G. Jog is famous for which musical instrument?

 

A) Sitar B) Violin
C) Tabla D) Santoor
 
Answer & Explanation Answer: B) Violin

Explanation:
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Q:

What is the name of the second layer of the Earth's three concentric layers?

 

A) SIAL B) SIMA
C) NIFE D) No option is correct
 
Answer & Explanation Answer: B) SIMA

Explanation:
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Q:

Who among the following is not a recipient of Bharat Ratna

A) Dr. S. Radhakrishnan B) Sardar Vallabhbhai Patel
C) Mrs. Indira Gandhi D) Lal Bahadur Shastri
 
Answer & Explanation Answer: B) Sardar Vallabhbhai Patel

Explanation:
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Q:

The fundamental source of monopoly power is 

 

 

A) profit B) barriers to entry
C) a product without close substitutes D) decreasing average total cost
 
Answer & Explanation Answer: B) barriers to entry

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Q:

How many astronauts have walked on the moon?

 

A) 2 B) 5
C) 8 D) 12
 
Answer & Explanation Answer: D) 12

Explanation:
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Q:

‘Kala Namak rice’ or Buddha Rice is associated with which Indian state?

 

A) Andhra Pradesh B) Bihar
C) Uttar Pradesh D) Telangana
 
Answer & Explanation Answer: C) Uttar Pradesh

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Q:

Who summons the joint sitting of both the houses of the Indian Parliament?

 

A) Prime Minister of India B) President of India
C) Speaker of Lok Sabha D) Chairman of Rajya Sabha
 
Answer & Explanation Answer: B) President of India

Explanation:
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