Q:

Redistribution of income in a country can be brought about through

A) Progressive taxation combined with progressive expenditure	B) Progressive taxation combined with regressive expenditure
C) Regressive taxation combined with regressive expenditure	D) Regressive taxation combined with progressive expenditure

Answer & Explanation Answer: A) Progressive taxation combined with progressive expenditure

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Q:

If price of an article decreases from Rs 100 to Rs 80, when quantity demanded increases from Q1 units to 4600 units, and if point elasticity of demand is 0.75 find Q1?

A) 5000 units	B) 4000 units
C) 3000 units	D) 2000 units

Answer & Explanation Answer: B) 4000 units

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Q:

The APC can be defined as the fraction of a:

A) change in income that is not spent.	B) change in income that is spent.
C) specific level of total income that is not consumed.	D) specific level of total income that is consumed.

Answer & Explanation Answer: D) specific level of total income that is consumed.

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Q:

A binding price ceiling is designed to

A) keep prices low	B) increase efficiency
C) increase the quality of the good	D) prevent shortages

Answer & Explanation Answer: A) keep prices low

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Q:

International Date line passes through middle of __________ Ocean.

A) Arctic	B) Indian
C) Atlantic	D) Pacific

Answer & Explanation Answer: D) Pacific

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Q:

Where is Pushkar Fair held?

A) Bihar	B) Uttar Pradesh
C) Madhya Pradesh	D) Rajasthan

Answer & Explanation Answer: D) Rajasthan

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Q:

Nathu La pass is located in ______.

A) Pakistan	B) Nepal
C) Bhutan	D) India

Answer & Explanation Answer: D) India

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Q:

In the following question, a sentence / a part of sentence is underlined. Below are given alternatives to the underlined part which may improve the sentence. Choose the correct alternative. In case no improvement is required, choose "No Improvement" option.

The revolt of 1857 happened during the rein of Bahadur Shah Zafar.

A) in the rein off	B) in the reign of
C) during the reign of	D) No improvement

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