Sawaal

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Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good B) Giffin good
C) Inferior good D) Normal good
 
Answer & Explanation Answer: A) Superior good

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Filed Under: Indian Economy
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Q:

What is a bank rate?

A) Rate at which Central bank of a country advances loans to other banks in the country B) Rate at which banks advance loans to the customers
C) Rate at which banks lend among themselves D) Rate at which banks lend to money lenders
 
Answer & Explanation Answer: A) Rate at which Central bank of a country advances loans to other banks in the country

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Q:

If cash reserve ratio decreases, credit creation will _______.

A) increase B) decrease
C) does not change D) first decreases than increases
 
Answer & Explanation Answer: A) increase

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Q:

If the average total cost are Rs 54, total fixed cost is Rs 45000 and quantity produced is 2500 units, find the average variable costs (in Rs) of the firm?

A) 24 B) 18
C) 36 D) 60
 
Answer & Explanation Answer: C) 36

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Q:

__________ is defined as the output per unit of variable input

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: D) Average product

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Q:

Five statements are given below, labelled A, B, C, D and E, among these, four statements are in logical order and form a coherent paragraph/passage. From the given options, choose the option that does not fit into the theme of the passage.

A) This takes us back to John Stuart Mill, the great nineteenth-century economist and philosopher, who believed that nobody can be a good economist if he or she is just an economist. B) To be sure, most academic disciplines have become highly specialized since Mill’s day; and, since the collapse of theology,
C) no field of study has aimed to understand the human condition as a whole. D) The life insurance industry has been destroyed by high and uncertain inflation as well.
 
Answer & Explanation Answer: D) The life insurance industry has been destroyed by high and uncertain inflation as well.

Explanation:

All statements except ‘D’ are based on the economists versus the economy, while sentence D talks about 'The Destructive Power of Inflation'.

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Filed Under: English
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Q:

Headquarters of International Gas Union (IGU) located in

A) Geneva, Switzerland B) Barcelona, Spain
C) Paris, France D) Riyadh, Saudi Arabia
 
Answer & Explanation Answer: B) Barcelona, Spain

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Filed Under: General Awareness
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Q:

Which one of the following statements in respect of the States of India is not correct?

A) States in India cannot have their own Constitutions. B) The State of Jammu and Kashmir has its own Constitution.
C) States in India do not have the right to secede from the Union of India. D) The maximum number of members in the Council of Ministers of Delhi can be 15 percent of the total number of members in the Legislative Assembly.
 
Answer & Explanation Answer: B) The State of Jammu and Kashmir has its own Constitution.

Explanation:

There shall be a Council of Ministers consisting of not more than ten per cent (a special provision for Delhi as against the 15 percent clause under 91st Amendment Act)of the total number of members in the Legislative Assembly, with the Chief Minister at the head to aid and advise the Lieutenant Governor in the exercise of his functions in relation to matters with respect to which the Legislative Assembly has power to make laws.

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Filed Under: Indian Politics
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