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Q:

There are usually three Parliamentary sessions in India, viz, the Budget session, the Monsoon session and _______.

 

A) the Autumn session   B) the Summer session  
C) the Winter session   D) None of these  
 
Answer & Explanation Answer: C) the Winter session  

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Filed Under: Indian Politics
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Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good B) Giffin good
C) Inferior good D) Normal good
 
Answer & Explanation Answer: A) Superior good

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Filed Under: Indian Economy
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Q:

In perfect competition _____.

A) Products can be similar or different B) Producer can control price by controlling production
C) Demand curve is perfectly elastic D) All firms make economic profit in the long run
 
Answer & Explanation Answer: C) Demand curve is perfectly elastic

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Q:

Who is the only Indian economist to have won the Nobel prize?

A) Avinash Dixit B) Amit Mishra
C) Amartya Sen D) Abhijit Banerjee
 
Answer & Explanation Answer: C) Amartya Sen

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Q:

Which of the following e-commerce majors has signed an agreement with NIESBUD for encouraging SMEs to grow profitably online?

A) Amazon B) Flipkart
C) Snapdeal D) eBay
 
Answer & Explanation Answer: A) Amazon

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Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs B) price = average profit
C) price = marginal costs = minimum average total costs D) price = minimum average variable costs
 
Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Filed Under: Indian Economy
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Q:

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

A) Deflation B) Stagflation
C) Recession D) Depression
 
Answer & Explanation Answer: B) Stagflation

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Q:

As Washington plans to increase its military footprint in Afghanistan, it is tightening the screws on Pakistan for supporting terrorism as an instrument of state policy. Both Washington and Kabul now view New Delhi as a player with considerable leverage over the evolving regional dynamic. A central feature of the Trump administration’s new Afghanistan policy is an outreach to India.
How are relations of Pakistan with other countries?

A) Relations of Pakistan and US are very cordial B) Pakistan wants to rule the other countries
C) Relations are getting bitter over terrorism D) Pakistan does not want to maintain any relation with any country
 
Answer & Explanation Answer: C) Relations are getting bitter over terrorism

Explanation:

Pakistan is losing its reputation and other countries are planning to take strict action against Pakistan for supporting terrorism as an instrument of state policy. Hence, option 3 is the correct option.

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Filed Under: Verbal Reasoning - Mental Ability
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