Q:

In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.

A) Monopsony	B) Monopoly
C) Oligopoly	D) Monopolistic Competition

Answer & Explanation Answer: D) Monopolistic Competition

Explanation:

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Q:

Economic sanctions are mainly used to

A) to help international trade run smoothly.	B) punish nations that disobey international law
C) to impose tariffs on vehicles at the border	D) all the above

Answer & Explanation Answer: B) punish nations that disobey international law

Explanation:

A sanction is a punishment imposed on another nation, or on individual natives of another nation.

Economic sanctions are characterized as the withdrawal of standard exchange and money related relations for outside and security strategy purposes. They might be extensive, denying business movement as to a whole nation,...

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Q:

In the following question, a sentence/ a part of sentence is underlined. Below are given alternatives to the underlined part which may improve the sentence. Choose the correct alternative. In case no improvement is required, choose "No Improvement" option.

To emend a piece of writing means to remove mistakes from it.

A) amend	B) edit
C) rephrase	D) No improvement

Answer & Explanation Answer: D) No improvement

Explanation:

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

If you can't beat 'em, join 'em

A) Many times those who fight eventually become best of friends	B) If one has to give up fighting with some group because one can't win, band together with them
C) Not to hurt others. Instead, be friends with them.	D) To fight till you get acceptance to a group which does not initially accept you as a member

Answer & Explanation Answer: B) If one has to give up fighting with some group because one can't win, band together with them

Explanation:

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Q:

Which one of the following constitutional authorities inquires and decides in case of doubts and disputes arising out of election of the President and Vice President Of India?

A) The Supreme Court of India	B) The Election Commission of India
C) The Parliamentary Committee	D) The High Court of Delhi

Answer & Explanation Answer: A) The Supreme Court of India

Explanation:

Supreme Court inquires and decides in case of doubts and disputes arising out of elections of President and Vice president.

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Q:

In August 2017, RBI announced to transfer approximately how much amount for the Financial Year 2016-17 as a dividend to the Government?

A) Rs 30,659 crore	B) Rs 50,650 crore
C) Rs 60,659 crore	D) Rs 70,659 crore

Answer & Explanation Answer: A) Rs 30,659 crore

Explanation:

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Q:

Who is the Chief Election Commissioner of India as of April 2016?

A) Syed Nasim Ahmed Zaidi	B) Navin Chawla
C) N. Gopalaswami	D) A.K. Jyoti

Answer & Explanation Answer: A) Syed Nasim Ahmed Zaidi

Explanation:

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Q:

If an object travels in a straight line and its velocity increases or decreases by equal amounts in equal intervals of time, then the acceleration of the object is said to be ______________.

A) linear	B) uniform
C) translational	D)

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