AIEEE Questions

Q:

Through specialization and international trade, a nation

A) will attain some combination of goods lying inside its production possibilities curve B) will shift its production possibilities curve towards left
C) can attain some combination of goods lying outside its production possibilities curve D) will shift its production possibilities curve towards right
 
Answer & Explanation Answer: C) can attain some combination of goods lying outside its production possibilities curve

Explanation:
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Q:

Which of the following is called the 'Gateway of the Pacific'?

A) Gulf of Alaska B) Panama Canal
C) Suez Canal D) Bering Sea
 
Answer & Explanation Answer: B) Panama Canal

Explanation:

Panama Canal is called the 'Gateway of the Pacific'.

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Q:

Which city will host the "Global Aviation Summit" 2019?

A) Hyderabad B) Mumbai
C) Kolkata D) Delhi
 
Answer & Explanation Answer: B) Mumbai

Explanation:
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Q:

Which country recently unveiled the world's first underground hotel?

A) Japan B) Dubai
C) China D) Malaysia
 
Answer & Explanation Answer: C) China

Explanation:

China recently unveiled the world's first underground hotel.

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Q:

Which train was recently named as the 'Vande Bharat Express' by the Railways Ministry?

A) Uday Express 1 B) Antyodaya 10
C) 23 Humsafar Express D) Train 18
 
Answer & Explanation Answer: D) Train 18

Explanation:
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Q:

An improvement in technology would shift

A) the demand curve rightward B) the supply curve rightward
C) the supply curve leftward D) the demand curve leftward
 
Answer & Explanation Answer: B) the supply curve rightward

Explanation:

An improvement in technology would shift the supply curve rightward.

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Q:

The largest component of GDP is

A) income B) wages
C) consumption D) imports
 
Answer & Explanation Answer: C) consumption

Explanation:

Consumption is the largest component of GDP.

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Q:

A sales tax is a type of

A) aggressive B) regressive
C) both A & B D) None of the above
 
Answer & Explanation Answer: B) regressive

Explanation:

Sales tax is an additional amount of money you pay based on a percentage of the selling price of goods and services that are purchased.

 

For example, if you purchase a new laptop Rs. 40000 and live in an area where the sales tax is 6%, you would pay Rs.2400 in sales tax.

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