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Q:

On 5 January 2018, Lok Sabha passed High Court and Supreme Court Judges (Salaries and Conditions of Service) Amendment Bill, 2017. The Bill proposes to hike the salary of Chief Justice of India (CJI) to nearly ______.

 

A) Rs 2.80 lakh per month B) Rs 3.9 lakh per month
C) Rs 2 lakh per month D) Rs 5 lakh per month
 
Answer & Explanation Answer: A) Rs 2.80 lakh per month

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Q:

A man lifts a luggage of 25 kg from the ground and puts it on the head, 2.5 m above the ground. If the value of g = 10 m/s2, then the value of work done by him on the luggage is

A) 22.5 J B) 225 J
C) 625 J D) 220 J
 
Answer & Explanation Answer: C) 625 J

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Q:

Salarjung Museum is located in ___.

A) Kolkata B) Ahmadabad
C) Delhi D) Hyderabad
 
Answer & Explanation Answer: D) Hyderabad

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Filed Under: Indian Geography
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Q:

Which is the most important factor that determines whether advertising by manufacturing sector will lead to higher sales?

A) Demand is elastic B) Demand is inelastic
C) The product can be differentiated D) The product can be homogenous.
 
Answer & Explanation Answer: C) The product can be differentiated

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Q:

Price elasticity of demand is generally

A) tends to be smaller in the short run than in the long run. B) tends to be smaller in the long run than in the short run.
C) tends to be unrelated to the length of time. D) tends to be larger in the short run than in the long run.
 
Answer & Explanation Answer: A) tends to be smaller in the short run than in the long run.

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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

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Q:

The consumption and saving schedules reveal that the:

A) MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line. B) MPC is equal to or greater than one at all income levels.
C) MPC is greater than zero, but less than one. D) APS is positive at all income levels.
 
Answer & Explanation Answer: C) MPC is greater than zero, but less than one.

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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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