Q:

Which Schedule of the constitution of India lists the States and Union Territories of India?

A) First Schedule	B) Second Schedule
C) Third Schedule	D) Fourth Schedule

Answer & Explanation Answer: A) First Schedule

Explanation:

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Q:

According to the Classical Theory of Employment, deviations from the state of full employment are

A) Purely temporary in nature	B) permanent in nature
C) imaginary situations	D) normal situations

Answer & Explanation Answer: A) Purely temporary in nature

Explanation:

The classical economists believed in the existence of full employment in the economy. To them, full employment was a normal situation and any deviation from this regarded as something abnormal. According to Pigou, the tendency of the economic system is to automatically provide full employment in the labour market when the demand and supply of labour are equal.

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Q:

Rayon is obtained from which among thefollowing?

A) Silk	B) Wood pulp
C) Wool	D) Cotton

Answer & Explanation Answer: B) Wood pulp

Explanation:

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Q:

Fundamental duties are mentioned in which of the following part of Indian Constitution?

A) Part II	B) Part III
C) Part V	D) Part IV A

Answer & Explanation Answer: D) Part IV A

Explanation:

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Q:

What is the minimum age for becoming a Governor of state in India?

A) 25	B) 30
C) 35	D) 40

Answer & Explanation Answer: C) 35

Explanation:

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Q:

Which play of Shakespeare's was recently claimed to be dated wrongly?

A) Macbeth	B) Othello
C) Hamlet	D) Romeo Julliet

Answer & Explanation Answer: C) Hamlet

Explanation:

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Q:

The _________ balance is equal to capital flows from the rest of the world, minus capital flows to the rest of the world.

A) Current Account	B) Savings Account
C) Capital Account	D) Asset Account

Answer & Explanation Answer: C) Capital Account

Explanation:

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Q:

The Currency Convertibility concept in its original form is originated in___________.

A) Taylors agreement	B) Wells agreement
C) Bretton Woods agreement	D) Symonds agreement

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