Questions

Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: The philosophy of pragmatism goes something like this.
Q: It is not possible for the mind to relate to anything other than ideas.
R: The mind is such that it deals only with ideas.
S: Therefore, it is not correct to think that the mind actually can ponder reality.

A) RQSP B) RSPQ
C) PRQS D) SQRP
 
Answer & Explanation Answer: C) PRQS

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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:

In general, elasticity is a measure of

A) how firms' profits respond to changes in market prices.  B) the extent to which advances in technology are adopted by producers.
C) how much buyers and sellers respond to changes in market conditions. D) the extent to which a market is competitive. 
 
Answer & Explanation Answer: C) how much buyers and sellers respond to changes in market conditions.

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Q:

Galvanization a process to prevent rusting involves use of ___ coating to steel or iron.

A) Nickel B) Magnesium
C) Copper D) Zinc
 
Answer & Explanation Answer: D) Zinc

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Q:

In India, how much percent of GDP is the fiscal deficit target for the Financial Year 2017-18?

A) 4.20% B) 3.20%
C) 2.20% D) 4.00%
 
Answer & Explanation Answer: B) 3.20%

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Q:

In a centrally planned economy, the ____________ plans all the important activities in the economy.

A) Industrialists B) Citizens
C) Government D) Judiciary
 
Answer & Explanation Answer: C) Government

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Q:

If demand curve for renting a car is D = 90000 -­ 23P and supply curve is S = 9000 + 7P, find the equilibrium Price?

A) Rs 1800 B) Rs 900
C) Rs 3600 D) Rs 2700
 
Answer & Explanation Answer: D) Rs 2700

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Q:

The Arjuna Awards given by the Government of India is for public achievement in which of the following fields?

A) Literature B) Poverty Eradication
C) Sports D) Economics
 
Answer & Explanation Answer: C) Sports

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