Questions

Q:

The essential organs in a flower for reproduction are

A) the stamen and pistil B) the sepal and stamen
C) the sepal and petal D) the petal and pistil
 
Answer & Explanation Answer: A) the stamen and pistil

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Q:

Radish is an example of

A) bulb B) root
C) tuber D) fruit
 
Answer & Explanation Answer: B) root

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Q:

The closest example of a centrally planned economy is the __________ for the major part of the 20th Century.

A) USA B) India
C) Soviet Union D) Japan
 
Answer & Explanation Answer: C) Soviet Union

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Q:

An increase in the growth rate of the nominal money supply results in

A) Lower rate of inflation B) Higher rate of inflation
C) Lower interest rates D) Currency appreciation
 
Answer & Explanation Answer: B) Higher rate of inflation

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Q:

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

A) 8 percent B) 12.5 percent
C) 10 percent D) 15 percent
 
Answer & Explanation Answer: B) 12.5 percent

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Q:

In economics secondary effects refer to the

A)  best alternative that must be forgone as the result of a choice. B) immediate and visible intended consequences of a change.
C) impact of the scarcity of resources on the scarcity of the goods that are produced with those resources. D) unintended consequences of a change that are not immediately identifiable but are felt only with time.
 
Answer & Explanation Answer: B) immediate and visible intended consequences of a change.

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Q:

______ is a constitutional body in India

A) Central Information Commission B) Lokpal and Lokayukta
C) National Development Council D) Election Commission
 
Answer & Explanation Answer: D) Election Commission

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Q:

On 10 April 2017, Lok Sabha passed Constitution (123rd Amendment) Bill, 2017. The Bill seeks to give Constitutional Status to ______

A) National Human Rights Commission B) National Commission on Backward Classes
C) National Finance Commission D) National Commission for Women
 
Answer & Explanation Answer: B) National Commission on Backward Classes

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