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Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs B) price = average profit
C) price = marginal costs = minimum average total costs D) price = minimum average variable costs
 
Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Filed Under: Indian Economy
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Q:

The State Financial Corporations have given assistance mainly to develop___________.

A) agriculture farms B) cottage industries
C) medium and small-scale industries D) large scale industries
 
Answer & Explanation Answer: C) medium and small-scale industries

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Filed Under: Indian Economy
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Q:

Stagflation exists when _____

A) price indices and output both decrease. B) price indices increase but output decreases.
C) price indices and output both increase. D) price indices decrease but output increases.
 
Answer & Explanation Answer: B) price indices increase but output decreases.

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) I courteously asked him B) where was he going
C) but he did not reply D) No error
 
Answer & Explanation Answer: B) where was he going

Explanation:

The error is in second part. ‘where was he going’ is a question in itself but the given sentence is assertive. So, in the correct form the verb ‘was’ will follow the pronoun ‘he’ as, ‘where he was going’.

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Filed Under: English
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Q:

Which is the 1st country to recognise Pfizer-bioNtech's coronavirus vaccine?

A) Russia B) Britain
C) Australia D) India
 
Answer & Explanation Answer: B) Britain

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Filed Under: General Awareness
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Q:

Boiling point of water is ___.

A) 210 deg F B) 212 deg F
C) 214 deg F D) 208 deg F
 
Answer & Explanation Answer: B) 212 deg F

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Filed Under: General Science
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Q:

Which Oil company has successfully conducted a 'Proof of Concept' feasibility study on 'Zero-emission electric mobility'?

A) Bharat Petroleum Corporation Ltd (BPCL) B) Oil India Ltd (OIL)
C) Indian Oil Corporation Ltd (IOCL) D) Reliance Industries Ltd (RIL)
 
Answer & Explanation Answer: C) Indian Oil Corporation Ltd (IOCL)

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Filed Under: General Awareness
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Q:

The 2018 ASEAN India Film Festival was held in which of the following cities?

A) Lucknow B) New Delhi
C) Pune D) Gurugram
 
Answer & Explanation Answer: B) New Delhi

Explanation:

The ASEAN India Film Festival 2018 was held in New Delhi. It was inaugurated by Information and Broadcasting Minister Col. (Retd) Rajyavardhan Singh Rathore.

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