Questions

Q:

What is true about economic resources?

A) Economic resources are limited. B) Economic resources are always controlled by the government.
C) Economic resources include only money. D) Economic resources exist only at the individual level.
 
Answer & Explanation Answer: A) Economic resources are limited.

Explanation:

Economic resources are those goods and services that can be converted into valuable products for individual and business purposes.

There are four major types of economic resources:

1. land,

2. labor,

3. capital and

4. entrepreneurship.

 

Land and labor are natural and human resources, while capital means physical resources or money.

Entrepreneurship converts these resources into usable goods.

 

However, resources have finite values, and proper utilization depends on economic systems and economic decisions.

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Q:

A basic concept in economics is that all resources are

A) Valuable B) Limited
C) Renewable D) Allocated
 
Answer & Explanation Answer: B) Limited

Explanation:

The basic concept in economics is that all resources are limited.

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Q:

What does deficit spending require a government to do?

A) cut taxes B) hire more workers
C) lay off workers D) take on debt
 
Answer & Explanation Answer: D) take on debt

Explanation:

Deficit spending means spending more than the income getting. A government need to take debts for deficit spending.

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Q:

What does ADP stand for army?

Answer

ADP stand for Army Doctrine Publication.  An official written document that provides established principles in the U.S. Army that support national objectives.

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Q:

Which food item is a rich source of protein?

A) Yogurt B) Milk
C) Cheese D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Dairy products like milk, cheese and yogurt are rich source of protein as well as calcium also. 

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Q:

Tower of Victory or Vijay stambh in Rajasthan is located in which place?

A) Chittorgarh B) Udaipur
C) Ajmer D) Jaipur
 
Answer & Explanation Answer: A) Chittorgarh

Explanation:

The Vijaya Stambha is an imposing victory monument located within Chittor Fort in Chittorgarh, Rajasthan, India. The tower was constructed by the Mewar king, Rana Kumbha, in 1448 to commemorate his victory over the combined armies of Malwa and Gujarat led by Mahmud Khilji.

 

Tower_of_Victory1561370930.JPG image

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Q:

A cappella refers to

A) Literature B) Music
C) Arts D) War
 
Answer & Explanation Answer: B) Music

Explanation:
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Q:

Who was appointed as NASSCOM chairman in April 2017 ?

A) C P. Gurnani B) Raman Roy
C) Smt. Singha D) None
 
Answer & Explanation Answer: B) Raman Roy

Explanation:

The National Association of Software and Services Companies (Nasscom) appointed Raman Roy (Managing Director of Quatrro Global Services) as its chairman for 2017-2018.

 Rishad Premji (Chief Strategy Officer (CSO), Wipro Limited) has been appointed Vice Chairman. Raman Roy has replaced Mr. CP Gurnani.

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