Q:

Which of the following does not represent the things that make a 'Smart City', under the smart city campaign?

A) Affordable housing, especially for the poor	B) Adequate water supply
C) Free health and education	D) Sustainable environment

Answer & Explanation Answer: C) Free health and education

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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:

The consumption and saving schedules reveal that the:

A) MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line.	B) MPC is equal to or greater than one at all income levels.
C) MPC is greater than zero, but less than one.	D) APS is positive at all income levels.

Answer & Explanation Answer: C) MPC is greater than zero, but less than one.

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Q:

An indifference curve measures the same level of ___________

A) Output from two factors	B) Satisfaction from two commodities
C) Satisfaction from Income and Capital	D) Satisfaction from expenditure and savings

Answer & Explanation Answer: B) Satisfaction from two commodities

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Q:

The Land Ports Authority of India works under which Union Ministry?

A) Ministry of Jal Shakti	B) Ministry of External Affairs
C) Ministry of Ports Shipping and waterways	D) Ministry of Home Affairs

Answer & Explanation Answer: D) Ministry of Home Affairs

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Q:

In October 2017, SEBI directed the stock exchanges to impose how much fine/penalty on those companies which do not comply with the minimum public shareholding norms?

A) Rs 5000 per day	B) Rs 12,000 per day
C) Rs 15,000 per day	D) Rs 20,000 per day

Answer & Explanation Answer: A) Rs 5000 per day

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Q:

The end of British rule in India came in the year

A) 1946	B) 1947
C) 1948	D) 1950

Answer & Explanation Answer: B) 1947

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Q:

Select the missing numbers from the given alternatives

A) 30	B) 35
C) 20	D) 25

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