Q:

Which one of the following is not a component of Revenue Receipts of the Union Government?

A) Corporate tax receipts	B) Dividends and profits
C) Disinvestment receipts	D) Interest receipts

Answer & Explanation Answer: C) Disinvestment receipts

Explanation:

Revenue receipts are regular source of Government of India, but Disinvestment receipts are not regular source of Income of Government and all other given are regular

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Q:

If quantity of good X demanded increases from 4000 units to 5000 units when price of good Y increases from Rs 75 to Rs 90, find Arc Cross elasticity of demand?

A) 0.55	B) 1.66
C) 0.25	D) 1.22

Answer & Explanation Answer: D) 1.22

Explanation:

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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

Explanation:

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Q:

Two or more elements combine to form a

A) atom	B) valency
C) compound	D) radical

Answer & Explanation Answer: C) compound

Explanation:

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Q:

In a water molecule, the ratio of mass of Hydrogen to the mass of Oxygen is always:

A) 8:1	B) 7:1
C) 1:7	D) 1:8

Answer & Explanation Answer: D) 1:8

Explanation:

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Q:

The innovation theory of profit was proposed by

A) Marshall	B) Clark
C) Schumpeter	D) Joan Robbinson

Answer & Explanation Answer: C) Schumpeter

Explanation:

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Q:

The 14th Finance Commission has recommended increase in States share in net proceeds from tax collection from 32% to

A) 35%	B) 40%
C) 42%	D) 45%

Answer & Explanation Answer: C) 42%

Explanation:

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Q:

How much per cent of th e Indian population h ave access tointernet in India in 2015?

A) 20 percent	B) 23 percent
C) 29 percent	D) 26 percent

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