Questions

Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist B) Socialist
C) Mixed D) Both Capitalist and Socialist
 
Answer & Explanation Answer: A) Capitalist

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Q:

__________ resources are those resources whose quantity is known.

A) Natural resources B) Actual resources
C) Potential resources D) Abiotic resources
 
Answer & Explanation Answer: B) Actual resources

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Q:

If for the year a country's GDP was $990 million, consumer spending was $630 million, investment by businesses was $110 million, exports were $55 million and imports were $45 million, calculate government spending?

A) $260 million B) $240 million
C) $480 million D) $460 million
 
Answer & Explanation Answer: B) $240 million

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Q:

Which state organized India's first Tribal Entrepreneurship Summit in November 2017?

A) Jharkhand B) Chhattisgarh
C) West Bengal D) Odisha
 
Answer & Explanation Answer: B) Chhattisgarh

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Q:

Who is the author of the book titled "Walking With The Comrades"?

A) Shashi Tharoor B) Arundhati Roy
C) Ramchandra Guha D) Anuradha Roy
 
Answer & Explanation Answer: B) Arundhati Roy

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Q:

A shop keeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of cost price to the printed price of the book is

A) 45:56 B) 50:61
C) 99:125 D) None of these
 
Answer & Explanation Answer: A) 45:56

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Q:

In April 2017, on the birth anniversary of Dr. B. R. Ambedkar which body announced the winners of Lucky Draw Schemes like ‘Lucky Grahak Yojana’ and ‘Digi-Dhan Vyapar Yojana’?

 

A) Reserve Bank of India B) State Bank of India
C) National Payments Corporation of India D) No option is correct
 
Answer & Explanation Answer: C) National Payments Corporation of India

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Q:

The Government of India in the Month of November 2015 decided to allow foreign portfolio investors (FPIs) to increase stakes in local defence units to 49%. What was the earlier permissible rate?

 

A) 10% B) 16%
C) 25% D) 24%
 
Answer & Explanation Answer: D) 24%

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