Questions

Q:

Which of the following IAF man has been posthumously awarded Ashoka Chakra, the country’s highest peace time gallantry medal?

 

A) Rajinder Kumar B) Jyoti Prakash Nirala
C) Harshvardhan Negi D) Anant Thakur
 
Answer & Explanation Answer: B) Jyoti Prakash Nirala

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Filed Under: Honours and Awards
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Q:

Who among the following is considered as a political guru of Mahatma Gandhi?

A) Dadabhai Naoroji B) Gopal Krishna Gokhale
C) Lala Lajpat Rai D) Bal Gangadhar Tilak
 
Answer & Explanation Answer: B) Gopal Krishna Gokhale

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Filed Under: Famous Personalities
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Q:

Who is the author of "Our Impossible Love"?

A) Preeti Shenoy B) Ravinder Singh
C) Keshav Aneel D) Durjoy Datta
 
Answer & Explanation Answer: D) Durjoy Datta

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Filed Under: Books and Authors
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Q:

The 14th Finance Commission has recommended increase in States share in net proceeds from tax collection from 32% to

A) 35% B) 40%
C) 42% D) 45%
 
Answer & Explanation Answer: C) 42%

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Filed Under: Indian Economy
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Q:

The demand for a normal good decreases with ________ in the consumer's income.

A) increase B) decrease
C) constant D) double
 
Answer & Explanation Answer: B) decrease

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Filed Under: Indian Economy
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Q:

If quantity of good X demanded increases from 4000 units to 5000 units when price of good Y increases from Rs 75 to Rs 90, find Arc Cross elasticity of demand?

A) 0.55 B) 1.66
C) 0.25 D) 1.22
 
Answer & Explanation Answer: D) 1.22

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Filed Under: Indian Economy
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Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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Filed Under: Indian Economy
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Q:

Which of the following best describes monetary policy?

A) Managing the economy by controlling the money supply B) Determining the design printed on the national currency
C) Regulating transactions in the currency exchange market D) Raising and lowering the foreign exchange rate
 
Answer & Explanation Answer: A) Managing the economy by controlling the money supply

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Filed Under: Indian Economy
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