Questions

Q:

Which among the following does not count in the development expenditure of government?

A) Expenditure on economic services B) Expenditure on social services
C) Grant to states D) Defence expenditure
 
Answer & Explanation Answer: D) Defence expenditure

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Filed Under: Indian Economy
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Q:

The closest example of a centrally planned economy is the __________ for the major part of the 20th Century.

A) USA B) India
C) Soviet Union D) Japan
 
Answer & Explanation Answer: C) Soviet Union

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Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

Calculate the economic profit for a firm if its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

A) Rs 110 crores B) Rs 300 crores
C) Rs 60 crores D) Rs 250 crores
 
Answer & Explanation Answer: C) Rs 60 crores

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Q:

The word development in economics pertains to

A) democratic countries B) third world countries
C) advanced countries D) undeveloped countries
 
Answer & Explanation Answer: B) third world countries

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Q:

In the following question, out of the given four alternatives, select the one which is opposite in meaning of the given word.

 

Abutting

 

A) Touching   B) Far  
C) Bordering   D) Joining
 
Answer & Explanation Answer: B) Far  

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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

Choose the most appropriate answer:Who has been awarded the Dada Saheb Phalke Award for the year 2014?

A) Pran B) Shashi Kapoor
C) DilipKumar D) Amitabh Bachchan
 
Answer & Explanation Answer: B) Shashi Kapoor

Explanation:

In year 2014, Shashi Kapoor has been awarded with Dada Saheb Phalke Award.

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Q:

Who is the Bengali writer who won the 31st Moortidevi Award for the year 2017?

A) Joy Goswami B) Taslima Nasreen
C) Subhro Bandhopadhyay D) Baby Halder
 
Answer & Explanation Answer: A) Joy Goswami

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