Questions

Q:

In economics secondary effects refer to the

A)  best alternative that must be forgone as the result of a choice. B) immediate and visible intended consequences of a change.
C) impact of the scarcity of resources on the scarcity of the goods that are produced with those resources. D) unintended consequences of a change that are not immediately identifiable but are felt only with time.
 
Answer & Explanation Answer: B) immediate and visible intended consequences of a change.

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Q:

Which is the form of market where there is lack of competition?

A) Monopoly B) Oligopoly
C) Perfect competition D) Marketisation
 
Answer & Explanation Answer: A) Monopoly

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Q:

The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?

A) Macroeconomics B) Econometrics
C) Microeconomics D) Heterodox Economics
 
Answer & Explanation Answer: C) Microeconomics

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Q:

Which among the following is not a qualification to become a Vice President of India?

A) Citizen of India B) Above 35 years of age
C) Possess the Membership of Lok Sabha D) Possess the Membership of Rajya Sabha
 
Answer & Explanation Answer: C) Possess the Membership of Lok Sabha

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Q:

World War I started in the year?

A) 1914 B) 1919
C) 1939 D) 1945
 
Answer & Explanation Answer: A) 1914

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Q:

Shah Jahan (1627–1657 AD) was the ruler of which dynasty?

A) Mughal B) Nanda
C) Maurya D) Haryanka
 
Answer & Explanation Answer: A) Mughal

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Q:

A cylinderical container of 32 cm height and 18 cm radius is filled with sand. Now all this sand is used to form a conical heap of sand. If the height of theconical heap is 24 cm, what is the radius of its base?

A) 12 cm B) 24 cm
C) 36 cm D) 48 cm
 
Answer & Explanation Answer: C) 36 cm

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Q:

In April 2017, on the birth anniversary of Dr. B. R. Ambedkar which body announced the winners of Lucky Draw Schemes like ‘Lucky Grahak Yojana’ and ‘Digi-Dhan Vyapar Yojana’?

 

A) Reserve Bank of India B) State Bank of India
C) National Payments Corporation of India D) No option is correct
 
Answer & Explanation Answer: C) National Payments Corporation of India

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