General Knowledge Questions

Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: D) decrease; increase

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Q:

If price of an article decreases from Rs 80 to Rs 60, quantity demanded increases from 600 units to 750 units. Find point elasticity of demand?

A) -1 B) 1
C) -1.25 D) 1.25
 
Answer & Explanation Answer: A) -1

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: The philosophy of pragmatism goes something like this.
Q: It is not possible for the mind to relate to anything other than ideas.
R: The mind is such that it deals only with ideas.
S: Therefore, it is not correct to think that the mind actually can ponder reality.

A) RQSP B) RSPQ
C) PRQS D) SQRP
 
Answer & Explanation Answer: C) PRQS

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Q:

Goods  and  Services  Tax  likely  to  be  levied in India is not a

A) gross value tax B) value-added tax
C) consumption tax D) destination-based tax
 
Answer & Explanation Answer: A) gross value tax

Explanation:

GST  is  a  destination-based  tax,  it means   end   users   consuming   any goods or services is liable to pay the Goods  and  Services  Tax.  The  tax  is collected  by  the  State  in  which  the goods or services are consumed and not  by  the  state  in  which  goods  are manufactured    and    If    there    are exports,  the  seller  of  the  goods  or services  is  exempted  from  paying the tax. GST is a consumption-based tax,  it  means  the  state  where  the goods  were  consumed  will  receive GST   and   where   goods   were   sold should  not  get  any  taxes.GST  is  a value added tax as it is based on the increase  in  value  of  a  product  or service  at  each  stage  of  production or   distribution.GST   is   not   gross value tax.

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No error'.
The reason for (1)/ his failure is because (2)/ he didn't study at all. (3)/ No Error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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Q:

How many Constitutional Amendments to the Constitution of India have been made so far?

A) 122 B) 121
C) 120 D) 119
 
Answer & Explanation Answer: A) 122

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Q:

What is the name of North Korea’s most powerful nuclear – capable intercontinental ballistic missile?

 

A) Hwasong-15 B) Hwasong-5
C) Hwasong-10 D) Hwasong-20
 
Answer & Explanation Answer: A) Hwasong-15

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Q:

Which state government launched 'Orunodoi' Scheme?

A) Assam B) Sikkim
C) Odisha D) West Bengal
 
Answer & Explanation Answer: A) Assam

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