Questions

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:

___ is not a tributary of the river Ganges.

A) Yamuna B) Gomti
C) Kosi D) Manas
 
Answer & Explanation Answer: D) Manas

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Q:

‘Swavalamban Sashakt – Mega Campaign’ has been launched by Confederation of Women Entrepreneurs of India (COWE) and ………….?

A) SIDBI B) LIC
C) ECGC D) DRDO
 
Answer & Explanation Answer: A) SIDBI

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Q:

Who is the Union Minister of the Ministry of Commerce and Industry as of February 2018?

A) Suresh Prabhu B) Sushma Swaraj
C) Anand Geete D) Uma Bharti
 
Answer & Explanation Answer: A) Suresh Prabhu

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Q:

Match the characteristics with their market structure:
(a) Firm has control over quantity of output but it must take into account reactions of competitors.
b) Firm will tend to set output so that it earns maximum profits.

A) (a) Oligopoly, (b) Pure competition B) (a) Monopolistic competition, (b) Oligopoly
C) (a) Pure Monopoly, (b) Pure competition D) (a) Oligopoly, (b) Pure Monopoly
 
Answer & Explanation Answer: D) (a) Oligopoly, (b) Pure Monopoly

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Q:

In December 2017, Mid-Term Review of the Foreign Trade Policy (FTP) was released. The review announced how much percent increase each in incentive rates of
Merchandise Exports from India Scheme and Services Export from India Scheme?

A) 5% B) 10%
C) 2% D) 15%
 
Answer & Explanation Answer: C) 2%

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Q:

In the following question, four groups of three numbers are given. In each group the second and third number are related to the first number by aLogic/Rule/Relation. Three are similar on basis of same Logic/Rule/Relation. Select the odd one out from the given alternatives

A) (8, 17, 33) B) (3, 7, 12)
C) (9, 19, 37) D) (15, 31, 61)
 
Answer & Explanation Answer: B) (3, 7, 12)

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Q:

A series is given, with one term missing. Choose the correct alternative from the given ones that will complete the series.

NOA, PQB, RSC, ?

A) TUD B) TVD
C) TUE D) TVE
 
Answer & Explanation Answer: A) TUD

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