Questions

Q:

Which of the following will cause an increase in demand for a good?

A) an increase in income if the good is an inferior goods B) a decrease in the price of the goods
C) a decrease in income if the good is a normal goods D) an increase in the price of its substitute goods
 
Answer & Explanation Answer: D) an increase in the price of its substitute goods

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Filed Under: Indian Economy
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Q:

Which of the following statements is incorrect, if resources were unlimited?

A) there would still be scarcity and opportunity costs B) there would still be scarcity but no opportunity costs
C) there would be no scarcity, but there would be opportunity costs. D) there would neither be scarcity nor opportunity costs
 
Answer & Explanation Answer: C) there would be no scarcity, but there would be opportunity costs.

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Q:

Recession is ___________.

A) reduction in production and employment for want of sufficient demand for goods B) rise in the cost of production, especially because of wage increase
C) increase in money supply without a matching increase in production D) No option is correct
 
Answer & Explanation Answer: A) reduction in production and employment for want of sufficient demand for goods

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Q:

On 26 July 2017, the Parliament passed the Collection of Statistics (Amendment) Bill, 2017. The Bill aims at amending the ______.

 

A) Collection of statistics Act, 2008 B) Collection of statistics Act, 2015
C) Collection of statistics Act, 2010 D) Collection of statistics Act, 2012
 
Answer & Explanation Answer: A) Collection of statistics Act, 2008

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Q:

India-born Sundar Pichai is the Chief Executive Officer (CEO) of which of the following companies?

A) Google B) Amazon
C) Dell D) Microsoft
 
Answer & Explanation Answer: A) Google

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it
by selecting the appropriate option.


He has not submitted his assignment ______.

 

A) now B)  yet
C)  then D)  until then
 
Answer & Explanation Answer: B)  yet

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Filed Under: English
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Q:

‘FRDI’ Bill, 2017 aims to protect the stability of the financial system. Once enacted, FRDI Bill 2017 will be replacing ______.

A) Deposit Insurance and Credit Guarantee Corporation Act, 1961 B) Deposit Guarantee Corporation Act, 1980
C) Credit Guarantee Corporation Act, 1990 D) No option is correct
 
Answer & Explanation Answer: A) Deposit Insurance and Credit Guarantee Corporation Act, 1961

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Q:

In which of the following activities is work NOT done?

A) Ashwin is standing on the platform B) Ashwin is running
C) Ashwin is walking D) Ashwin is climbing a bus
 
Answer & Explanation Answer: A) Ashwin is standing on the platform

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