Questions

Q:

What does ‘J’ stand in ‘UJALA’ scheme being undertaken by the Energy Efficiency Services Limited (EESL)?

 

A) Jeevan B) Jyoti
C) Jagriti D) Jagran
 
Answer & Explanation Answer: B) Jyoti

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Q:

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

A) Rs 7200 B) Rs 9000
C) Rs 14400 D) Rs 19800
 
Answer & Explanation Answer: C) Rs 14400

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Q:

The major objective of monetary policy is to

A) increase government's tax revenue B) revamp the Public Distribution System
C) Promote economic growth with price stability D) weed out corruption in the economy
 
Answer & Explanation Answer: C) Promote economic growth with price stability

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Q:

The Dr. B. C. Roy awards, instituted in 1962, are given to eminent achievers primarily from which field?

A) Medicine B) Law
C) Sports D) Journalism
 
Answer & Explanation Answer: A) Medicine

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Q:

The annual award of 'Gandhi Peace Prize' is given to

A) Individuals only B) Institutions only
C) Individuals and institutions D) Group of institutions
 
Answer & Explanation Answer: C) Individuals and institutions

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Q:

Ping-pong Diplomacy is related to which of the following countries?

A) Myanmar B) Japan
C) China D) Taiwan
 
Answer & Explanation Answer: C) China

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Q:

The world's first solar heated military tent was designed and developed by

A) Sonam Wanchuk B) Alain Aspect
C) Allen Bard D) He Jiankui
 
Answer & Explanation Answer: A) Sonam Wanchuk

Explanation:

Sonam Wanchuk, an Indian engineer has developed the first of its kind in the world, a unique solar heated tent for the Indian Army.

 

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Q:

Match the characteristics with their market structure:
(a) Firm has control over quantity of output but it must take into account reactions of competitors.
b) Firm will tend to set output so that it earns maximum profits.

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

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