Questions

Q:

Parliament House in Delhi was constructed during

A) 1895-1900 B) 1901-1909
C) 1921-1927 D) 1931-1935
 
Answer & Explanation Answer: C) 1921-1927

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Q:

What is the average price difference per kg (in Rs.) for vegetables between two years for the three months given in the following table?

A) Average price of vegetables in Year 1 is less than that in Year 2. B) There is no difference in the average price.
C) Average price of vegetables in Year 2 is less than that in Year 1. D) We cannot compare the prices
 
Answer & Explanation Answer: B) There is no difference in the average price.

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

Rat race

A) Make others fight for scraps and get sadistic pleasure out of it B) Be an oppressive boss and treat employees like animals
C) A way of life in which people are caught up in a fiercely competitive struggle for wealth or power D) Play games with the lives of other people and see them run aimlesly
 
Answer & Explanation Answer: C) A way of life in which people are caught up in a fiercely competitive struggle for wealth or power

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

 

Elections, rights, governance and leadership (is becoming) empty words.

 

A) are become   B) are becoming  
C) is become   D) no improvement
 
Answer & Explanation Answer: B) are becoming  

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Q:

Which of the following sets of taxes belongs to Central Government?

A) Excise duty, Sales tax and Custom duty B) Income tax, Custom duty and House tax
C) Excise duty, Custom duty and Income tax D) Custom duty, Entertainment tax and Income tax
 
Answer & Explanation Answer: C) Excise duty, Custom duty and Income tax

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Q:

‘Capital gains’ refers to goods which

A) serve as a source of raising further capital B) help in the further production of goods
C) directly go into the satisfaction of human wants D) find multiple uses
 
Answer & Explanation Answer: B) help in the further production of goods

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Q:

­ Inflation exists when

A) there is general increase in the prices over time. B) there are periodic decreases in the price level.
C) there are continuous increases in the output level over time. D) there is rise in the purchasing value of money.
 
Answer & Explanation Answer: A) there is general increase in the prices over time.

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Q:

A price floor is _____.

A) a maximum legal price B) a minimum legal price
C) the price where demand equals supply D) the price where elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: B) a minimum legal price

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