Questions

Q:

Which of the following best defines disposable income?

A) income received by households less personal taxes B) the before-tax income received by households
C) all income earned by resource suppliers for their current contributions to production D) the market value of the annual output net of consumption of fixed capital
 
Answer & Explanation Answer: A) income received by households less personal taxes

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Filed Under: Indian Economy
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Q:

The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.

A) Price B) Substitution
C) Supply D) Demand
 
Answer & Explanation Answer: D) Demand

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Filed Under: Indian Economy
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Q:

A price floor is _____.

A) a maximum legal price B) a minimum legal price
C) the price where demand equals supply D) the price where elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: B) a minimum legal price

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Q:

In economic equilibrium _____

A) supply is equal to the demand. B) the surplus is larger than the shortage.
C) elasticity of demand equals elasticity of supply D) price elasticity of demand is unity
 
Answer & Explanation Answer: A) supply is equal to the demand.

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Business is for profits and the spirit of __________________ and driving high performance are encouraged in a ______________ environment. Also, in a democratic country like India, perceived _______________ in the distribution of earnings or wealth is crucial to hold the fabric of its society, be it the citizens __________ the country or employees of a corporation. The evolution of compensation practices in India over the ____________ five decades demonstrates the changes that have taken place.

 

be it the citizens __________ the country

 

A) from B) for
C) off D) of
 
Answer & Explanation Answer: D) of

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Filed Under: English
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Q:

The annual award of 'Gandhi Peace Prize' is given to

A) Individuals only B) Institutions only
C) Individuals and institutions D) Group of institutions
 
Answer & Explanation Answer: C) Individuals and institutions

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Filed Under: Honours and Awards
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Q:

As of February 2018, which Indian Paediatrician has been appointed as the Deputy Director General (Programmes) in the World Health Organisation (WHO)?

A) Dr. Indira Hinduja B) Dr. SI Padmavati
C) Dr. Kamini Rao D) Dr. Soumya Swaminathan
 
Answer & Explanation Answer: D) Dr. Soumya Swaminathan

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Q:

The Chief Minister of which state was, in October 2017, honoured with the Golden Peacock Award under the category 'Global Leadership in Public Service and Economic Transformation?

A) Bihar B) Telangana
C) Andhra Pradesh D) West Bengal
 
Answer & Explanation Answer: C) Andhra Pradesh

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