Questions

Q:

India implemented the GST (Goods and Service Tax) from which month of 2017?

A) January B) March
C) July D) September
 
Answer & Explanation Answer: C) July

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Q:

___ soils are red in color and not suitable for agriculture found along the Tamil Nadu, Odisha and small part of Chhotanagpur and Meghalaya.

A) Alluvial soil B) Red soil
C) Laterite soil D) Regur soil
 
Answer & Explanation Answer: C) Laterite soil

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Filed Under: Indian Geography
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Q:

In October 2017, SEBI directed the stock exchanges to impose how much fine/penalty on those companies which do not comply with the minimum public shareholding norms?

A) Rs 5000 per day B) Rs 12,000 per day
C) Rs 15,000 per day D) Rs 20,000 per day
 
Answer & Explanation Answer: A) Rs 5000 per day

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Q:

The minimum price at which I was willing to sell my old TV was Rs 37,000. I quoted Rs 50,000 while selling it, but it sold for Rs 42,000. This transaction generated _____.

A) Rs 5000 worth of consumer surplus B) Rs 8000 worth of consumer surplus
C) Rs 5000 worth of producer surplus D) Rs 8000 worth of producer surplus
 
Answer & Explanation Answer: C) Rs 5000 worth of producer surplus

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Q:

Which of the following statements is incorrect, if resources were unlimited?

A) there would still be scarcity and opportunity costs B) there would still be scarcity but no opportunity costs
C) there would be no scarcity, but there would be opportunity costs. D) there would neither be scarcity nor opportunity costs
 
Answer & Explanation Answer: C) there would be no scarcity, but there would be opportunity costs.

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Q:

Study the Bar diagram carefully and answer the questions. The Bar diagram shows the trends of foreign direct investment (FDI) into India from all over the World (in Rs. crores).

The year which exhibited the 2nd highest growth percentage in FDI in India over the period shown is

A) 1993 B) 1994
C) 1997 D) 1996
 
Answer & Explanation Answer: D) 1996

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Q:

Who is the author of the Indian English Novel 'Sita : Warrior of Mithila' published in 2017?

A) Rahul Mehta B) Chetan Bhagat
C) Amish Tripathi D) Robin Sharma
 
Answer & Explanation Answer: C) Amish Tripathi

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Filed Under: Books and Authors
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Q:

Which answer figure will complete the pattern in the question figure?

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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