Q:

The innovation theory of profit was proposed by

A) Marshall	B) Clark
C) Schumpeter	D) Joan Robbinson

Answer & Explanation Answer: C) Schumpeter

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Q:

The word development in economics pertains to

A) democratic countries	B) third world countries
C) advanced countries	D) undeveloped countries

Answer & Explanation Answer: B) third world countries

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Q:

Open Market Operations refer to __________

A) Borrowings by Scheduled banks from RBI	B) Lending by Commercial banks to industry
C) Purchase and sale of Government securities by RBI	D) Deposit mobilisation

Answer & Explanation Answer: C) Purchase and sale of Government securities by RBI

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Q:

A hand made paper workshop can hire 8 craftsmen by paying them Rs 400 per person per day. The 9th craftsman demands Rs 450 per day. If this craftsman is hired then all other craftsmen must be paid Rs 450. The marginal resource (labour) cost of the 9th craftsman is

A) Rs 50	B) Rs 850
C) Rs 800	D) Rs 100

Answer & Explanation Answer: B) Rs 850

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Q:

Under GST regime, in ‘Composition Scheme’, taxpayers have to fill returns ______.

A) Monthly	B) Half-yearly
C) Quarterly	D) Bi-Monthly

Answer & Explanation Answer: C) Quarterly

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Q:

Which one of the following is a bad Thermal Conductor?

A) Aluminium	B) Copper
C) Glass	D) Silver

Answer & Explanation Answer: C) Glass

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Q:

The pH value increase from 7 to 14 represents a

A) decrease in H+ ion concentration	B) decrease in OH- ion concentration
C) increase in OH- ion concentration	D) increase in H+ ion concentration

Answer & Explanation Answer: C) increase in OH- ion concentration

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Q:

On which river's bank is Panaji located?

A) Mandovi	B) Zuari
C) Sal	D) Terekhol

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