Questions

Q:

Who was the American astronaut who returned to Earth after spending 340 days in International Space Station?

A) Scott Kelly B) Mikhail Kornienko
C) Eric Boe D) Douglas Hurley
 
Answer & Explanation Answer: A) Scott Kelly

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Q:

In the question two statements are given, followed by two conclusions, I and II. You have to consider the statements to be true even if it seems to be atvariance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements.

Statement I: All sticks are canes

Statement II: Some wands are sticks

Conclusion I: Some canes are wands

Conclusion II: No wands are canes

A) Only conclusion I follows B) Only conclusion II follows
C) Both conclusions I and II follow D) Neither conclusion I nor conclusion II follows
 
Answer & Explanation Answer: A) Only conclusion I follows

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Q:

R. Ashwin of India became the quickest bowler to reach 300 test wickets in just 54 tests. Where was this historic test played?

 

A) Delhi B) Kolkata
C) Nagpur D) Kanpur
 
Answer & Explanation Answer: C) Nagpur

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Q:

India was able to achieve the fiscal deficit target for the Financial Year 2016-17. It was how much percent of GDP?

A) 3.50% B) 4.20%
C) 3.00% D) 2.50%
 
Answer & Explanation Answer: A) 3.50%

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Filed Under: Indian Economy
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Q:

In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.

A) Monopsony B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: D) Monopolistic Competition

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Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

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Q:

Economic sanctions are mainly used to

A) to help international trade run smoothly. B) punish nations that disobey international law
C) to impose tariffs on vehicles at the border D) all the above
 
Answer & Explanation Answer: B) punish nations that disobey international law

Explanation:

A sanction is a punishment imposed on another nation, or on individual natives of another nation.


Economic sanctions are characterized as the withdrawal of standard exchange and money related relations for outside and security strategy purposes. They might be extensive, denying business movement as to a whole nation,...

 

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Q:

Management accountants would not

A) prepare reports primarily for external users. B) be concerned with the impact of cost and volume on profits
C) assist in budget planning. D) determine cost behavior.
 
Answer & Explanation Answer: A) prepare reports primarily for external users.

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Filed Under: Indian Economy
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