Q:

Who wrote the book, 'Indian Home Rule'?

A) M K Gandhi	B) Jawaharlal Nehru
C) Subhash Chandra Bose	D) Babasaheb Ambedkar

Answer & Explanation Answer: A) M K Gandhi

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Q:

Which dynasty was started by Khizr Khan ?

A) The Sayyids	B) The Lodhis
C) The Rajputs	D) The Khiljis

Answer & Explanation Answer: A) The Sayyids

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Q:

The innovation theory of profit was proposed by

A) Marshall	B) Clark
C) Schumpeter	D) Joan Robbinson

Answer & Explanation Answer: C) Schumpeter

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Q:

Liabilities are generally classified on a balance sheet as

A) small liabilities and large liabilities	B) present liabilities and future liabilities
C) tangible liabilities and intagible liabilities	D) current liabilities and long-term liabilities

Answer & Explanation Answer: D) current liabilities and long-term liabilities

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Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases.	B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases.	D) if the price of a good increases, the quantity demanded of that good increases.

Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

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Q:

In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.

A) Supply	B) Demand
C) Price	D) Stock Market

Answer & Explanation Answer: C) Price

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Q:

Permanent settlement was a feature of___________.

A) Zamindari System	B) Mahalwari System
C) Ryotwari System	D) No option is correct

Answer & Explanation Answer: A) Zamindari System

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Q:

Petrodava Dacian Fortress is a famous archaeological landmark in

A) Chile	B) Romania
C) Bulgaria	D) France

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