General Knowledge Questions

Q:

Govind Ballabh Pant, was the first Chief Minister of which state?

 

A) Goa B) Himachal Pradesh
C) Uttar Pradesh D) Gujarat
 
Answer & Explanation Answer: C) Uttar Pradesh

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Q:

Match the characteristics with their market structure:

(a) Differentiated products, but close substitutes for consumers so their demand curves are elastic
(b) Homogeneous product, all goods are perfect substitutes for consumers

A) (a) Monopolistic Competition, (b) Pure Competition B) (a) Monopolistic Competition, (b) Pure Monopoly
C) (a) Pure Monopoly, (b) Pure Competition D) (a) Pure Monopoly, (b) Pure Competition
 
Answer & Explanation Answer: A) (a) Monopolistic Competition, (b) Pure Competition

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Q:

What is the location of India's first elevated Urban Expressway?

 

A) Mumbai to Pune B) Delhi to Gurugram
C) Chennai to Bengaluru D) Lucknow to Allahabad
 
Answer & Explanation Answer: B) Delhi to Gurugram

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Q:

Which of the following gulf countries has imposed value added tax (VAT) from January 1, 2018?

 

A) Bahrain and Kuwait   B) Oman and Saudi Arabia  
C) Kawait and UAE   D) UAE and Saudi Arabia  
 
Answer & Explanation Answer: D) UAE and Saudi Arabia  

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Q:

FORTRAN is not used for _____.

(I) Drawing pictures
(II) Carrying out mathematics computations

A) Only (I) B) Only (II)
C) Both (I) and (II) D) Neither (I) nor (II)
 
Answer & Explanation Answer: C) Both (I) and (II)

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Q:

"Gilt-edged" means ___________.

 

A) bullion market   B) market of government securities  
C) market of guns D) market of pure metals
 
Answer & Explanation Answer: B) market of government securities  

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Q:

South West Monsoon generates in ___.

 

A) Arabain Sea B) Indian Ocean
C) Bay of Bengal D) Himalayas
 
Answer & Explanation Answer: B) Indian Ocean

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Q:

According to John Maynard Keynes, employment depends upon

 

A) aggregate demand B) aggregate supply
C) effective demand D) rate of interest
 
Answer & Explanation Answer: C) effective demand

Explanation:

J.M Keynes’ theory of employment is a demand-deficient theory. This means that Keynes visualised employment from the demand side of the model. His theory is a demand-oriented approach, as opposed to the classical supply side model.

According to him,the volume of employment in a country depends on the level of effective demand of people for goods and services. Thus, unemployment is attributed to the deficiency of effective demand.

 

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