Questions

Q:

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

A) Equilibrium B) Excess Demand
C) Excess Supply D) Marginal Revenue
 
Answer & Explanation Answer: C) Excess Supply

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Filed Under: Indian Economy
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Q:

In India all of the following are sources for government revenue, except?

A) Agricultural income tax B) Anti dumping duty
C) Perquisite tax D) Toll tax
 
Answer & Explanation Answer: A) Agricultural income tax

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Q:

Calculate the economic profit for a firm if its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

A) Rs 110 crores B) Rs 300 crores
C) Rs 60 crores D) Rs 250 crores
 
Answer & Explanation Answer: C) Rs 60 crores

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Q:

As per the 2016-17 Budget, the largest source of money to the Government of India is

A) Income Tax B) Corporation Tax
C) Non-tax revenues D) Borrowings and other liabilities
 
Answer & Explanation Answer: D) Borrowings and other liabilities

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Filed Under: General Awareness
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Q:

A 5 kg object is raised through a height of 4 m. The work done by the force of gravity acting on the object is (take g = 10 m/s2)

 

A) 200j B) 20j
C) -20j D) -200j
 
Answer & Explanation Answer: D) -200j

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Filed Under: Physics
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Q:

The President can dismiss a member of the Council of Ministers

A) with the consent of the Speaker B) only under emergency conditions
C) on the recommendation of the Prime Minister D) on his own
 
Answer & Explanation Answer: C) on the recommendation of the Prime Minister

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Filed Under: Indian Politics
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Q:

To which dynasty did the famous patron of literature king Bhoja belong?

A) Chalukya B) Chola
C) Paramara D) Pala
 
Answer & Explanation Answer: C) Paramara

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Filed Under: Indian History
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Q:

Who among the following was NOT one of the 'Nine Gems' of Emperor Akbar's court?

A) Raja Todar Mal B) Fakir Aziao-Din
C) Abu'l-Fazil ibn Mubarak D) Osman Ali Khan
 
Answer & Explanation Answer: D) Osman Ali Khan

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