Questions

Q:

In which of the following market forms, a firm does not exercise control over price?

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

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Q:

The international trade effect states that

A) an increase in the price level will lower net exports. B) an increase in the price level will raise exports.
C) an increase in the price level will raise net exports. D) an increase in the price level will lower imports
 
Answer & Explanation Answer: A) an increase in the price level will lower net exports.

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Q:

Which is the correct inverted sequence (last to first) of Mughal Emperors who ruled the Indian Subcontinent?

 

A) Akbar, Shah Jahan, Aurangzeb, Bahadur Shah II B) Aurangzeb, Bahadur Shah II, Shah Jahan, Akbar
C) Bahadur Shah II, Aurangzeb, Shah Jahan, Akbar D) Akbar, Aurangzeb, Shah Jahan, Bahadur Shah II
 
Answer & Explanation Answer: C) Bahadur Shah II, Aurangzeb, Shah Jahan, Akbar

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Q:

On 26 July 2017, the Parliament passed the Collection of Statistics (Amendment) Bill, 2017. The Bill aims at amending the ______.

 

A) Collection of statistics Act, 2008 B) Collection of statistics Act, 2015
C) Collection of statistics Act, 2010 D) Collection of statistics Act, 2012
 
Answer & Explanation Answer: A) Collection of statistics Act, 2008

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Q:

The Government of India in the Month of November 2015 decided to allow foreign portfolio investors (FPIs) to increase stakes in local defence units to 49%. What was the earlier permissible rate?

 

A) 10% B) 16%
C) 25% D) 24%
 
Answer & Explanation Answer: D) 24%

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Q:

In December 2017, who launched project ‘DARPAN’ (Digital Advancement of Rural Post Office for a New India)?

 

A) Jayant Sinha B) Manoj Sinha
C) Ravi Shankar Prasad D) Prakash Javadekar
 
Answer & Explanation Answer: B) Manoj Sinha

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Q:

Which country has released its next-generation 'Xian' H-20 stealth bomber?

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

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Q:

For a price taking firm, average revenue is ______ market price.

A) half of B) equal to
C) double of D) less than
 
Answer & Explanation Answer: B) equal to

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