Questions

Q:

In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.

A) Monopsony B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: D) Monopolistic Competition

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Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Filed Under: Indian Economy
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Q:

Article 31A of the Indian Constitution "Saving of Laws providing for acquisition of estates, etc" deals with?

A) the State Government B) the Union Government
C) the fundamental rights of the Indian Citizen D) the directive principles of state policy
 
Answer & Explanation Answer: C) the fundamental rights of the Indian Citizen

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Q:

Who is the Chief Election Commissioner of India as of April 2016?

A) Syed Nasim Ahmed Zaidi B) Navin Chawla
C) N. Gopalaswami D) A.K. Jyoti
 
Answer & Explanation Answer: A) Syed Nasim Ahmed Zaidi

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Q:

Which one of the following statements in respect of the States of India is not correct?

A) States in India cannot have their own Constitutions. B) The State of Jammu and Kashmir has its own Constitution.
C) States in India do not have the right to secede from the Union of India. D) The maximum number of members in the Council of Ministers of Delhi can be 15 percent of the total number of members in the Legislative Assembly.
 
Answer & Explanation Answer: B) The State of Jammu and Kashmir has its own Constitution.

Explanation:

There shall be a Council of Ministers consisting of not more than ten per cent (a special provision for Delhi as against the 15 percent clause under 91st Amendment Act)of the total number of members in the Legislative Assembly, with the Chief Minister at the head to aid and advise the Lieutenant Governor in the exercise of his functions in relation to matters with respect to which the Legislative Assembly has power to make laws.

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No error'.
She ascended (1)/ to the throne (2)/ at the early age of seven. (3)/ No Error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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Q:

In the following question the 1st and the last part of the sentence/passage are numbered 1 and 6. The rest of the sentence/ passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct.

 

1. Sunita Aralikar's story is incredible but true.
P. Fortunately she was pulled out of the tiny grave by her maternal grandfather.
Q. Her mother died when she was fifteen days old.
R. Her grandfather decided to educate her on his own.
S. She was buried alive by her illiterate father the next day.
6. Today Sunita is an author and a well known social activist, fighting against female infanticide.

 

A) PQRS B) SRQP
C) QSPR D) PRSQ
 
Answer & Explanation Answer: C) QSPR

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Q:

Energy possessed by an object by its position or configuration is called

A) Kinetic energy B) Nuclear energy
C) Potential energy D) Electrical energy
 
Answer & Explanation Answer: C) Potential energy

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