Questions

Q:

The fundamental source of monopoly power is 

 

 

A) profit B) barriers to entry
C) a product without close substitutes D) decreasing average total cost
 
Answer & Explanation Answer: B) barriers to entry

Explanation:
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Q:

Skills that can be transferred to other employers are called ___________.

 

A) general skills B) specific skills
C) Non-economic skills D) All options are correct
 
Answer & Explanation Answer: A) general skills

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Q:

The first Indian to cross seven important seas by swimming ____ ?

A) Amrendra Singh B) Bula Chaudhury
C) Junko Taibei D) Yuri Gagarin
 
Answer & Explanation Answer: B) Bula Chaudhury

Explanation:

Bula Chaudhury, Indian swimmer best known for her long-distance swimming feats.

 

In 2005 she became the first woman to have swum across sea channels of five continents including the Strait of Gibraltar, the Tyrrhenian Sea, Cook Strait, Toroneos Gulf (Gulf of Kassandra) in Greece, the Catalina Channel off the California coast, and from Three Anchor Bay to Robben Island near Cape Town, South Africa.

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Q:

Who is credited for the construction of the Red Fort?

 

A) Sikandar Lodi B) Akbar
C) Jahangir D) Shah Jahan
 
Answer & Explanation Answer: D) Shah Jahan

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Q:

Eastern ghats and Western ghats meet at the

A) Annamalai hills B) Palani hills
C) Nilgiri hills D) Cardamom hills
 
Answer & Explanation Answer: C) Nilgiri hills

Explanation:

The Eastern Ghats are a discontinuous range of mountains along India's eastern coast whereas Western Ghats also known as Sahyadri is a mountain range that runs parallel to the western coast of the Indian peninsula.

eastern_ghats_and_western_ghats_meet_at_the1536656083.png image

Eastern ghats and Western ghats meet at the Nilgiri hills in Tamilnadu.

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Q:

Which of the following equation is/are INCORRECT?

I. NI = NDP + Net Foreign Income
II. GNP = GDP + Net Foreign Income
III. NDP = GNP – Depreciation

A) Only (I) and (II) B) Only (III)
C) Only (II) and (III) D) Only (II)
 
Answer & Explanation Answer: B) Only (III)

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Q:

Consider the following statements about indifference curves:

1. Indifference curves are convex to the origin.

2. Higher indifference curve represents higher level of satisfaction.

3. Two indifference curves cut each other.Which of the statements given above is/are correct?

A) 1 only B) 1 and 2
C) 2 and 3 D) 3 only
 
Answer & Explanation Answer: B) 1 and 2

Explanation:

The indifference curves cannot intersect each other.

Higher indifference curve represents a higher level of satisfaction because higher IC means a bundle consisting more of both the goods or same quantity of one good n more quantity of the other good .Hence statement 2 is correct and 3 is incorrect.

Indifference curves is convex to the point of origin because of diminishing Marginal Rate of Substitution.

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Q:

Who summons the joint sitting of both the houses of the Indian Parliament?

 

A) Prime Minister of India B) President of India
C) Speaker of Lok Sabha D) Chairman of Rajya Sabha
 
Answer & Explanation Answer: B) President of India

Explanation:
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