General Knowledge Questions

Q:

A negative supply shock in the short run causes

A) the aggregate supply curve to shift to the left B) unemployment to fall
C) the aggregate supply curve to shift to the right D) the price level to fall
 
Answer & Explanation Answer: A) the aggregate supply curve to shift to the left

Explanation:

A negative supply shock in the sho rt run causes the aggregate supply curve to shift to the left.

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Q:

The 45th World Skills Competition 2019 will take place in which of the following country?

A) India B) Russia
C) Finland D) South Korea
 
Answer & Explanation Answer: B) Russia

Explanation:
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Q:

Who is the writer of the famous book 'Kabuliwala'?

A) Bankim Chandra Chatterjee B) Ravindra Nath Tagore
C) Munshi Prem Chand D) Khan Abdul Gaffar Khan
 
Answer & Explanation Answer: B) Ravindra Nath Tagore

Explanation:
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Q:

In India, planning commission was replaced by

A) UPSC B) NITI Aayog
C) National Development Council D) NMDC
 
Answer & Explanation Answer: B) NITI Aayog

Explanation:

The Planning Commission was an institution in the Government of India started by Jawaharlal Nehru, The First Prime Minister of Independent India, in the year 1950. Later, this was replaced by NITI Aayog in 2015 by now and than Prime Minister Narendra Modi to ensure implementation of the Sustainable Development Goals by fostering the involvement of State Governments of India in the economic policy-making process.

 

NITI Aayog means National Institute for Transforming India. Narendra Modi is the Chairman of NITI Aayog.

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Q:

The long run aggregate supply curve is vertical because

A) there is no cyclical inflation B) potential GDP is low
C) at full employment prices are stable D) all of the above
 
Answer & Explanation Answer: C) at full employment prices are stable

Explanation:

The long-run aggregate supply curve is vertical because it is at the full-employment or potential output. Because the economy's potential output is determined by the availability and productivity of real resources, not by the price level. That means that even if demand increases, firms can't hire new workers and expand because everyone is already working.

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Q:

Choose the word which is different from the rest?

A) Shimla B) Nagaland
C) Kohima D) Imphal
 
Answer & Explanation Answer: B) Nagaland

Explanation:

Except Nagaland all other options are capital cities of the states in India. Nagaland is the north eastern state with Kohima as its capital city.

 

* Shimla is the capital city of Himachal Pradesh. 

* Imphal is the capital city of Manipur.

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Q:

Which country bagged Award of Excellence for 'Best in Show' at New York Times Travel Show 2019 ?

A) China B) England
C) India D) Japan
 
Answer & Explanation Answer: C) India

Explanation:
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Q:

Mohenjo Daro is situated in

A) Gujarat B) Punjab
C) Afghanistan D) Sindh province of Pakistan
 
Answer & Explanation Answer: D) Sindh province of Pakistan

Explanation:

The ancient settlement of Mohenjo-daro is situated in Larkana District in the Sindh province of Pakistan.

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