Questions

Q:

A good measure of the standard of living is

A) SGP B) GDP
C) Percapita income D) None
 
Answer & Explanation Answer: B) GDP

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Q:

Which of the following best defines free trade?

A) Imports are discouraged B) There are no restrictions on exports and imports  
C) There are no duties levied on export   D) Imported goods are made duty free  
 
Answer & Explanation Answer: B) There are no restrictions on exports and imports  

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Q:

In each of the following question below are given some statements followed by some conclusions. Taking the given statements to be true even if they seem to be at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion logically follows the given statements.

Statements:

I. Some pens are pencils.
II. All pencils are erasers.

Conclusions:

I. Some pens are erasers.
II. No pens are erasers.
III. Some erasers are pencils

A) Only conclusion (II) follows. B) Only conclusion (I) and (II) follow
C) Only conclusion (I) and (III) follow D) No conclusion follows
 
Answer & Explanation Answer: C) Only conclusion (I) and (III) follow

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Q:

The term polyarchy was used by Robert Dahl to describe a form of government in which?

A) It reduces the multitudinous differences of opinion to relatively simple alternatives B) It takes individual as the basic unit of democratic model
C) People can participate through their representations D) People act both through the electoral system and the group process
 
Answer & Explanation Answer: D) People act both through the electoral system and the group process

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: If the intention is just to consume whatever comes from the West, then it is harmful.
Q: Some of its effects are really helping and positive as it increases initiative and entrepreneurship qualities provided taken in that spirit.
R: At the same time state’s strategic intervention is essential because more than 40% of people live below poverty line.
S: The impact of economic reforms are mixed.

 

A) SRQP B) SQPR
C) RQPS D) QPSR
 
Answer & Explanation Answer: B) SQPR

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select No Error.

 

No matter what Ashoka did in his earlier (1)/ years, in the ending he proved to be uncommonly (2)/ virtuous and wise. (3)/ No error (4)

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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Q:

A body of mass 6 kg accelerates from 6 m/s to 18 m/s in 3 seconds due to the application of a force on it. Calculate the magnitude of this force (in N).

 

A) 48 B) 60
C) 24 D) 96
 
Answer & Explanation Answer: C) 24

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Q:

Goods  and  Services  Tax  likely  to  be  levied in India is not a

A) gross value tax B) value-added tax
C) consumption tax D) destination-based tax
 
Answer & Explanation Answer: A) gross value tax

Explanation:

GST  is  a  destination-based  tax,  it means   end   users   consuming   any goods or services is liable to pay the Goods  and  Services  Tax.  The  tax  is collected  by  the  State  in  which  the goods or services are consumed and not  by  the  state  in  which  goods  are manufactured    and    If    there    are exports,  the  seller  of  the  goods  or services  is  exempted  from  paying the tax. GST is a consumption-based tax,  it  means  the  state  where  the goods  were  consumed  will  receive GST   and   where   goods   were   sold should  not  get  any  taxes.GST  is  a value added tax as it is based on the increase  in  value  of  a  product  or service  at  each  stage  of  production or   distribution.GST   is   not   gross value tax.

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