Questions

Q:

Which is the form of market where there is lack of competition?

A) Monopoly B) Oligopoly
C) Perfect competition D) Marketisation
 
Answer & Explanation Answer: A) Monopoly

Explanation:
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Filed Under: Indian Economy
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Q:

Goods  and  Services  Tax  likely  to  be  levied in India is not a

A) gross value tax B) value-added tax
C) consumption tax D) destination-based tax
 
Answer & Explanation Answer: A) gross value tax

Explanation:

GST  is  a  destination-based  tax,  it means   end   users   consuming   any goods or services is liable to pay the Goods  and  Services  Tax.  The  tax  is collected  by  the  State  in  which  the goods or services are consumed and not  by  the  state  in  which  goods  are manufactured    and    If    there    are exports,  the  seller  of  the  goods  or services  is  exempted  from  paying the tax. GST is a consumption-based tax,  it  means  the  state  where  the goods  were  consumed  will  receive GST   and   where   goods   were   sold should  not  get  any  taxes.GST  is  a value added tax as it is based on the increase  in  value  of  a  product  or service  at  each  stage  of  production or   distribution.GST   is   not   gross value tax.

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Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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Q:

The maximum number of electrons that can be accommodated in a shell is indicated by the formula

A) 2n-2 B) 2n3
C) 2n D) 2n2
 
Answer & Explanation Answer: D) 2n2

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Filed Under: Chemistry
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Q:

Which part of the brain plays an important role in motor control?

A) Cerebellum B) Cerebrum
C) Medulla D) Pons
 
Answer & Explanation Answer: A) Cerebellum

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Filed Under: Biology
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Q:

A pair of contrasting characters controlling the same trait is called

A) factors B) loci
C) allele D) lineage
 
Answer & Explanation Answer: C) allele

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Q:

Which of the following vitamins help in the absorption of calcium?

A) Vitamin A B) Vitamin D
C) Vitamin B D) Vitamin C
 
Answer & Explanation Answer: B) Vitamin D

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Q:

Which male cricketer has been appointed as the UNICEF and Cricket for Good ambassador for the ICC Women's Cricket World Cup 2017?

A) Sachin Tendulkar B) Shane Warne
C) Clive Lloyd D) Brian Lara
 
Answer & Explanation Answer: D) Brian Lara

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