Questions

Q:

Who is the author of the book “A Life Less Ordinary : A Memoir”?

A) Salman Rushdie B) Arundhati Roy
C) Baby Halder D) Rohinton Mistry
 
Answer & Explanation Answer: C) Baby Halder

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Q:

An increase of 1% per annum in the rate of growth of the money supply will increase inflation in the long run by _______.

A) Zero percent B) One percent
C) 0.5 percent D) More than one percent
 
Answer & Explanation Answer: B) One percent

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Q:

If Reserve Bank of India reduces the cash reserve ratio, it will :

A) increase credit creation B) decrease credit creation
C) have no impact on credit creation D) have no definite impact on credit creation
 
Answer & Explanation Answer: A) increase credit creation

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Q:

Bilateral monopoly situation is

A) when there are only two sellers of a product B) when there are only two buyers of a product
C) when there is only one buyer and one seller of a product D) when there are two buyers and two sellers of a product
 
Answer & Explanation Answer: C) when there is only one buyer and one seller of a product

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Q:

"Sunrise Industries” are industries _____________

A) which are well developed and have ample scope for further development   B) which improve export performance of the country  
C) which small-scale industries   D) which have high growth potential and meet further requirements of the economy  
 
Answer & Explanation Answer: D) which have high growth potential and meet further requirements of the economy  

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Q:

ITF Davis Cup is structured with a ___ nation World Group.

A) 8 B) 16
C) 20 D) 24
 
Answer & Explanation Answer: B) 16

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Q:

In the following question, a word has been written in four different ways out of which only one is correctly spelt. Select the correctly spelt word.

 

A) Apeareance B) Appearrance
C) Appearence D) Appearance
 
Answer & Explanation Answer: D) Appearance

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Q:

In perfect competition _____.

A) Products can be similar or different B) Producer can control price by controlling production
C) Demand curve is perfectly elastic D) All firms make economic profit in the long run
 
Answer & Explanation Answer: C) Demand curve is perfectly elastic

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