Questions

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:

In the following items, each passage consists of six sentences. The first and the sixth sentence are given in the beginning as S1 and S6. The middle four sentences in each have been removed and jumbled up. These are labeled P, Q, R and S. You are required to find out the proper sequence of the four sentences and mark your response accordingly on the Answer Sheet.

S1 :A single device can heat fluids without requiring an electrical element.
S6:Because there is no electrical element, there is no risk of fire, so the system is suitable for dangerous environments.
P:A heat exchanger transfers heat from the central cavity to an air heater, a water heater or an industrial processor.
Q:It has a container like the crank case of a car’s engine, which contains the fluid to be heated.
R:Compression and friction at the nozzles heat the fluid so that the temperature in the central cavity rises steadily.
S:A motor and pulley insidethe container turn a rotor wheel, which in turn forces the fluid again and again through narrow nozzles into a central cavity.

The proper sequence should be 

A) R P S Q B) S P Q R
C) Q S R P D) S R P Q
 
Answer & Explanation Answer: C) Q S R P

Explanation:

The starting statement is talking about a device which can heat fluid without electrical element. The continuing statement would be talking about the shape of the device i.e. the container which contains the fluid. Thus, Q will be the connecting statement. So, Q being the first statement eliminates all other options. Thus, the correct sequence is QSRP.

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Filed Under: English
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Q:

Which law states that bad money drives good money out of circulation?

A) Wagner's law B) Grimm's law
C) Gresham's law D) Keynes' law
 
Answer & Explanation Answer: C) Gresham's law

Explanation:
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Filed Under: Indian Economy
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Q:

This tax is entirely borne by the entity it is levied upon and cannot be passed.

A) Direct tax B) Indirect tax
C) Straight tax D) Advance tax
 
Answer & Explanation Answer: A) Direct tax

Explanation:
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Filed Under: Indian Economy
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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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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

Explanation:
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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)

Explanation:
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Filed Under: Indian Economy
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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

Explanation:
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