Q:

Identify a type of asexual reproduction which involves reproduction through parts of a plant such as roots, stem and leaves?

A) Budding	B) Vegetative propagation
C) Fragmentation	D) Fission

Answer & Explanation Answer: A) Budding

Explanation:

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Filed Under: Biology
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Q:

The demand for a inferior good increases with ________ in the consumer's income.

A) increase	B) decrease
C) constant	D) double

Answer & Explanation Answer: B) decrease

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Filed Under: Indian Economy
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Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand	B) Law of supply
C) Law of substitution	D) Law of optimal choice

Answer & Explanation Answer: A) Law of demand

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Filed Under: Indian Economy
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Q:

Goods and Services Tax likely to be levied in India is not a

A) gross value tax	B) value-added tax
C) consumption tax	D) destination-based tax

Answer & Explanation Answer: A) gross value tax

Explanation:

GST is a destination-based tax, it means end users consuming any goods or services is liable to pay the Goods and Services Tax. The tax is collected by the State in which the goods or services are consumed and not by the state in which goods are manufactured and If there are exports, the seller of the goods or services is exempted from paying the tax. GST is a consumption-based tax, it means the state where the goods were consumed will receive GST and where goods were sold should not get any taxes.GST is a value added tax as it is based on the increase in value of a product or service at each stage of production or distribution.GST is not gross value tax.

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Filed Under: Indian Economy
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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:

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 animal is not triploblastic?

A) Earthworm	B) Ascaris
C) Jelly fish	D) Planaria

Answer & Explanation Answer: C) Jelly fish

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Filed Under: Biology
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Q:

Which of the following states has the lowest literacy rate?

A) Kerala	B) Rajasthan
C) Bihar	D) Maharashtra

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