Questions

Q:

In which of the following fields was Prof. Richard H. Thaler awarded the Nobel Prize 2017?

 

A) Physics B) Chemistry
C) Literature D) Economics
 
Answer & Explanation Answer: D) Economics

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Q:

FORTRAN is not used for _____.

(I) Drawing pictures
(II) Carrying out mathematics computations

A) Only (I) B) Only (II)
C) Both (I) and (II) D) Neither (I) nor (II)
 
Answer & Explanation Answer: C) Both (I) and (II)

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Q:

Who called Indian Federalism as the Co-operative Federalism

A) G.Austin B) K.C.Wheare
C) Sir Ivor Jennings D) D.D.Basu
 
Answer & Explanation Answer: A) G.Austin

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Q:

Nagarahole Tiger Reserve is situated in which Indian state/UT?

 

A) Karnataka B) Goa
C) Maharashtra D) Telangana  
 
Answer & Explanation Answer: A) Karnataka

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Q:

Which of these is the best description of fixed expenses?

 

A) Insurance B) Payment on loans
C) Rent D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Fixed expenses are those expenses that do not change when there is a change in production or sales level.

 

Examples of Fixed Expenses are rent, insurance, payment on loans, salaries, advertising, etc...

 

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Q:

Generally unemployment in a developing country takes place because of ___________.

 

A) lack of complementary factors of production B) seasonal factors
C) lack of effective demand D) switch over from one job to another
 
Answer & Explanation Answer: A) lack of complementary factors of production

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Q:

First tuesday of may is observed as

A) Global family Day B) World Asthma Day
C) World Immunization Day D) International Human Solidarity Day
 
Answer & Explanation Answer: B) World Asthma Day

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Q:

Visible and invisible items of debit and credit are the part of___________.

 

A) import-export policy B) balance of payment
C) balance of trade D) annual budget
 
Answer & Explanation Answer: B) balance of payment

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