General Knowledge Questions

Q:

Which of the following industries most closely approximates pure competition?

A) Steel B) Clothing
C) Eectronic D) Agriculture
 
Answer & Explanation Answer: D) Agriculture

Explanation:

Agriculture would be a good example of a purely competitive industry.

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Q:

The mean distance of the earth from the sun is approximately

A) 149,502,000 km B) 150,503,000 km
C) 148,000,000 km D) 150,000,000 km
 
Answer & Explanation Answer: A) 149,502,000 km

Explanation:
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Filed Under: World Geography

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Q:

The chemical name of common salt is

A) Sodium Chloride B) Potassium Nitrate
C) Sodium Nitrate D) Potassium Chloride
 
Answer & Explanation Answer: A) Sodium Chloride

Explanation:

The chemical name of common salt is Sodium Chloride with a chemical formula NaCl.

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Q:

Which planet do most known extrasolar planets most resemble?

A) Jupiter B) Neptune
C) Earth D) Venus
 
Answer & Explanation Answer: A) Jupiter

Explanation:

Most of the known extrasolar planets resembles the planet Jupiter in the solar system.

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Q:

The production possibilities curve illustrates the basic principle that

A) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced. B) the production of more of any one good will in time require smaller and smaller sacrifices of other goods.
C) an economy will automatically obtain full employment of its resources. D) an economy's capacity to produce increases in proportion to its population size.
 
Answer & Explanation Answer: A) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.

Explanation:

A graph that describes the maximum amount of one good that can be produced for every possible level of production of the other good is nothing but a production possibilities curve.

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Q:

Income taxes are allocated to

A) discontinued operations B) prior period adjustments
C) extraordinary items D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Income taxes are allocated to extraordinary items, discontinued operations and prior period adjustments.

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Q:

Number of Parliamentary and assembly seats respectively in the new state of Telangana

Answer

17 and 119

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Subject: Indian Politics

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Q:

Production costs to an economist

A) reflect opportunity costs B) consist only of explicit costs
C) always reflect monetary outlays D) never reflect monetary outlays
 
Answer & Explanation Answer: A) reflect opportunity costs

Explanation:

Production costs to an economist reflect opportunity costs.

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