Questions

Q:

Who appoints the chairman of all the parliamentary committees of Lok Sabha?

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

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Filed Under: Indian Politics
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Q:

Which of the following is the third member of the Dobereiner triad, that also features Lithium and Sodium?

 

A) Potassium B) Boron
C) Barium D) Hydrogen
 
Answer & Explanation Answer: A) Potassium

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Q:

The Great Himalayan National Park is in which state?

A) Jammu & Kashmir B) Arunachal Pradesh
C) Himachal Pradesh D) Sikkim
 
Answer & Explanation Answer: C) Himachal Pradesh

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Q:

What is the capital of Ireland?

A) Brussels B) Helsinki
C) Ottawa D) Dublin
 
Answer & Explanation Answer: D) Dublin

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Q:

 Government has announced to fix MSP at a level of at least ________________ per cent of the cost of production for kharif crops 2018-19 which redeems the promise made in the Union Budget for 2018-19. 

A) 50 per cent  B) 250 per cent 
C) 200 per cent  D) 100 per cent 
 
Answer & Explanation Answer:

Explanation:

Government has announced its historic decision on 04.07.2018 to fix MSP at a level of at least 150 per cent of the cost of production for kharif crops 2018-19 which redeems the promise made in the Union Budget for 2018-19.The MSPs fixed by Government, cost and returns over all-India weighted average cost of production of crops for 2017-18 and 2018-19 is at Annexure.Cost of production varies in different states on account of difference in levels of irrigation, resource endowment, farm mechanization, land holding size, yield of crops etc. 

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Filed Under: Indian Economy
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Q:

The short run average cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Q:

Macro economics deals with

A) the circular flow of income B) the decision making of a single economic variable like demand
C) resource allocation at firm level D) equilibrium prices and quantities
 
Answer & Explanation Answer: A) the circular flow of income

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Q:

Buyer’s market denotes the place where ___________.

A) the demand exceed the supply B) the supply exceed the demand
C) commodities are available at competitive rates D) the demand and supply are well balanced
 
Answer & Explanation Answer: A) the demand exceed the supply

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