Questions

Q:

What is the name of the autobiography of Sachin Tendulkar?

A) Numbers Do Lie B) Playing it my way
C) Once upon a Time D) What is Remembered
 
Answer & Explanation Answer: B) Playing it my way

Explanation:
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Q:

If quantity of good X demanded increases from 2300 to 2700 when price of good Y increases from Rs. 45 to Rs. 55, find Arc Cross elasticity of demand?

A) 4 B) 1.25
C) 0.25 D) 0.8
 
Answer & Explanation Answer: D) 0.8

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Q:

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.


Implanting standards, right values, the science of good and evil are an essential part of education. Many forces thwart this to work, but two of the most serious hindrances to it are examinations and specialization. The examination system is both an opiate and a poison. It is an opiate because it lulls Man into believing that all is well when most is ill. It is a poison because it paralyses or at least slows down the natural activities of the healthy mind. Man finds himself a creature of unknown capacities in an unknown world, wants to learn what the world is like, what he should be and do in it. To help him in answering these questions is the one and only purpose of education. However, tests of progress are useful and necessary. Examinations are harmless when the examinee is indifferent to their result, but as soon as they matter, they begin to distort his attitude to education and to conceal its purpose. For disinterestedness is the essence of all good education and liberal education is impossible without it.

 

The purpose of education is

A) Performing well in exams. B) Learning the right values.
C) Knowing what is right and wrong. D) Helping man to understand his potential, the world around him and his role in it.
 
Answer & Explanation Answer: D) Helping man to understand his potential, the world around him and his role in it.

Explanation:
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Q:

The 7.6% growth rate registered by Indian economy during the year 2015-16 is based on 

A) Gross   National   Product   at   market prices B) Gross Value Added at constant prices
C) Gross   Domestic   Product   at   market prices D) Gross  Domestic  Product  at  constant prices
 
Answer & Explanation Answer: D) Gross  Domestic  Product  at  constant prices

Explanation:

The Central Statistics Office (CSO), Ministry of Statistics and Programme   Implementation,   has released  the  provisional  estimates of national income for the financial year 2015-16 and quarterly estimates    of    Gross    Domestic Product    (GDP)    for    the    fourth quarter  (January-March)  of  2015-16,   both   at   constant   (2011-12) and current prices.

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Q:

Which of these is a dwarf planet?

A) Neptune B) Titan
C) Eris D) Hydra
 
Answer & Explanation Answer: C) Eris

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Q:

Which one of the following statements is correct with respect to the composition of national income in India?

A) The share of manufacturing sector has declined B) The share of services sector has increased sharply.
C) The share of agriculture has remained static. D) The share of services sector has declined.
 
Answer & Explanation Answer: B) The share of services sector has increased sharply.

Explanation:

The growth scenario in India shows that the services sector has become the most dominant in the later part of its growth process. The share of services sector in GDP increased from 28.5 per cent in 1950-51 to 39.6 per cent in 1990-91 and then to 52.6 per cent in 2014-15 while the share of primary sector declined from 56.4 per cent in 1950-51 to 33.4 per cent in 1990-91 and then to only 19.0 per cent in 2014-15.

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Q:

Which country launched its first military satellite ANASIS-II ?

A) North Korea B) Albania
C) South Korea D) Argentina
 
Answer & Explanation Answer: C) South Korea

Explanation:

South Korea has launched its first military satellite named ANASIS-II. This military communication satellite was launched by SpaceX and is expected to reach its orbit in next two weeks. The satellite has been launched with an aim to enhance Korea's ability to defend itself against the North Korea.

 

The Military of South Korea is likely to take over the satellite system in October 2020.

 

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Q:

Which law states that bad money drives good money out of circulation?

A) Wagner's law B) Grimm's law
C) Gresham's law D) Keynes' law
 
Answer & Explanation Answer: C) Gresham's law

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