Questions

Q:

China launched its ambitious 'One Belt and One Road' initiative?

A) 2000 B) 2005
C) 2013 D) 2017
 
Answer & Explanation Answer: C) 2013

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Q:

Consider the given statement/s to be true and decide which of the given conclusions/assumptions can definitely be drawn from the given statement.
Statements:
1. All cycles are ducks.
2. All ducks are swans.
Conclusions:
I. All swans are cycles.
II. Some swans are cycles.

A) Only conclusion I follows B) Only conclusion II follows
C) Both conclusions  follows D) Neither conclusion I nor conclusion II follows
 
Answer & Explanation Answer: B) Only conclusion II follows

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Q:

From the given alternative words, select the word which cannot be formed using the letters of the given word.

ENCYCLOPEDIA

A) OPEN B) PLEASE
C) CANOPY D) PLEAD
 
Answer & Explanation Answer: B) PLEASE

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Q:

In how many test matches did Ravichandran Ashwin achieve the feat of becoming the fastest player in the world (in terms of number of matches) to get 300 wickets in test cricket in November 2017?

A) 52 B) 56
C) 54 D) 50
 
Answer & Explanation Answer: C) 54

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Q:

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?

A) 80 units B) 90 units
C) 60 units D) 50 units
 
Answer & Explanation Answer: C) 60 units

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Q:

In perfect competition _____.

A) Products can be similar or different B) Producer can control price by controlling production
C) Demand curve is perfectly elastic D) All firms make economic profit in the long run
 
Answer & Explanation Answer: C) Demand curve is perfectly elastic

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Q:

Which of the following best defines disposable income?

A) income received by households less personal taxes B) the before-tax income received by households
C) all income earned by resource suppliers for their current contributions to production D) the market value of the annual output net of consumption of fixed capital
 
Answer & Explanation Answer: A) income received by households less personal taxes

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Q:

TRIPS Agreement pertains to 

A) international tariff regime B) intellectual property protection
C) international practices on trade facilitation D) international taxation of property
 
Answer & Explanation Answer: B) intellectual property protection

Explanation:

The Agreement   on   Trade-Related Aspects   of   Intellectual   Property Rights(TRIPS)   is   an international legal   agreement between   all   the member    nations    of    the World Trade  Organization(WTO).  It  sets down  minimum  standards  for  the regulation by national governments of    many    forms    of intellectual property(IP) as applied to nationals  of  other  WTO  member nations.TRIPS  was  negotiated  at the  end  of  the  Uruguay  Round  of the General  Agreement  on  Tariffs and  Trade  (GATT)  in  1994  and  is administered by the WTO

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