General Knowledge Questions

Q:

Which of the following is not a Fixed Cost?

A) Insurance B) Salaries
C) Depreciation D) Direct Materials
 
Answer & Explanation Answer: D) Direct Materials

Explanation:

Direct Materials doesn't come under Fixed Cost because it vary with changes in the activity level of a business.

Fixed Cost :

A fixed cost is a cost that does not change over the short-term, even if a business experiences changes in its sales volume or other activity levels.

It is of some importance to understand the extent and nature of the fixed costs in a business, since a high fixed-cost level requires a business to maintain a high revenue level in order to avoid generating losses.

Examples of Fixed Cost are:

Insurance, Salaries, Rent, Property Taxes,...

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Q:

The instrument of instructions contained in the Government of India Act, 1935 has been incorporated in the Constitution of India in the year 1950 as ______ 

A) Fundamental Rights B) Directive Principles of the State Policy
C) Fundamental Duities D) Emergency Provisions
 
Answer & Explanation Answer: D) Emergency Provisions

Explanation:
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Q:

During a Financial Emergency, all Money Bills passed by State Legislatures require the consent of the 

A) Prime Minister B) President
C) Lok Sabha D) Union Finance Minister
 
Answer & Explanation Answer: B) President

Explanation:

No Financial Emergency has been imposed on the country so far. Article 360 deals with Financial Emergency. (This article, however,shall not apply to the state of Jammu and Kashmir)

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Q:

Which of the following is regarded by historians as a crucial stage in describing the progress of civilization?

A) Writing B) The discovery of fire
C) Agriculture D) The use of internet
 
Answer & Explanation Answer: C) Agriculture

Explanation:
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Q:

Point out which from the following is NOT a right enumerated in the Constitution of India but has been articulated by the Supreme Court to be a Fundamental Right

A) Right to privacy B) Certiorari
C) Abolition of untouchability D) Right to form association or Union
 
Answer & Explanation Answer: A) Right to privacy

Explanation:
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Q:

Which European ruler had observed 'Bear in mind that the commerce of India is the commerce of the world .... he who can exclusively command it is the dictator of Europe?

A) Queen Victoria B) Peter the Great of Russia
C) Napoleon Bonaparte D) Gustav II Adolf
 
Answer & Explanation Answer: B) Peter the Great of Russia

Explanation:

India was one of the main centres of world trade and industry. Peter the Great of Russia was led to exclaim: “Bear in mind that the commerce of India is the commerce of the world and ... he who can exclusively command it is the dictator of Europe.”

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Q:

The first President of USA was

Answer

George Washington

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Subject: World History

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Q:

Which one of the following is not an instrument of Fiscal policy?

A) Open Market Operations B) Taxation
C) Public borrowing D) Public expenditure
 
Answer & Explanation Answer: A) Open Market Operations

Explanation:
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