Q:

Macro economics deals with

A) the circular flow of income	B) the decision making of a single economic variable like demand
C) resource allocation at firm level	D) equilibrium prices and quantities

Answer & Explanation Answer: A) the circular flow of income

Explanation:

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Filed Under: Indian Economy
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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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Filed Under: Indian Economy
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Q:

Which Indian stock exchange is planning to launch its own Initial Public Offering (IPO)?

A) Saurashtra Kutch Stock Exchange (SKSE)	B) National Stock Exchange (NSE)
C) Cochin Stock Exchange (CoSE)	D) Bombay Stock Exchange (BSE)

Answer & Explanation Answer: B) National Stock Exchange (NSE)

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select ‘No Error’.

Scientists show that there is a curious (1)/ relationship among a lion’s life span and (2)/ the pattern of spots on each side of its face. (3)/ No error (4)

A) 1	B) 2
C) 3	D) 4

Answer & Explanation Answer: B) 2

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Filed Under: English
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Q:

Which one of the following statements is correct with respect to the composition of national income in India?

A) The share of manufacturing sector has declined	B) The share of services sector has increased sharply.
C) The share of agriculture has remained static.	D) The share of services sector has declined.

Answer & Explanation Answer: B) The share of services sector has increased sharply.

Explanation:

The growth scenario in India shows that the services sector has become the most dominant in the later part of its growth process. The share of services sector in GDP increased from 28.5 per cent in 1950-51 to 39.6 per cent in 1990-91 and then to 52.6 per cent in 2014-15 while the share of primary sector declined from 56.4 per cent in 1950-51 to 33.4 per cent in 1990-91 and then to only 19.0 per cent in 2014-15.

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Filed Under: General Awareness
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Q:

To become a member of the Rajya Sabha a person should be at least _____ years old.

A) 18	B) 30
C) 36	D) 24

Answer & Explanation Answer: B) 30

Explanation:

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Filed Under: Indian Politics
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Q:

Article 222 of the Indian Constitution "Transfer of a Judge from one High Court to another" deals with?

A) the directive principles of state policy	B) the Union Government
C) the State Government	D) the fundamental rights of the Indian Citizen

Answer & Explanation Answer: C) the State Government

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Q:

Which is the most powerful piece in a game of chess?

A) King	B) Queen
C) Rook	D) Knight

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