Questions

Q:

Who among the following has been awarded the Indira Gandhi Award for National Integraty on October 31, 2017?

A) Praveen Nair B) Pankaj Ruhela
C) T.M. Krishna D) K.R. Reddy
 
Answer & Explanation Answer: C) T.M. Krishna

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Filed Under: Honours and Awards
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Q:

Who was the first Muslim female to higher judiciary?

A) Justice M. Fathima Beevi B) Justice V. Khalida
C) Justice Benazir Islam D) Justice M Farooq
 
Answer & Explanation Answer: A) Justice M. Fathima Beevi

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Filed Under: Famous Personalities
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Q:

Who has been named as the first ever 'Kid of the Year' by TIME Magazine?

A) Udit Singhal B) Krishna Tirath
C) Sadat Rahman D) Gitanjali Rao
 
Answer & Explanation Answer: D) Gitanjali Rao

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Q:

In perfect competition _____.

A) Products can be similar or different B) Producer can control price by controlling production
C) Demand curve is perfectly elastic D) All firms make economic profit in the long run
 
Answer & Explanation Answer: C) Demand curve is perfectly elastic

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Filed Under: Indian Economy
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Q:

In which form is glucose stored in our body?

A) Insulin B) Glucose
C) Glycogen D) Fat
 
Answer & Explanation Answer: C) Glycogen

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs B) price = average profit
C) price = marginal costs = minimum average total costs D) price = minimum average variable costs
 
Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Filed Under: Indian Economy
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Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good B) Giffin good
C) Inferior good D) Normal good
 
Answer & Explanation Answer: A) Superior good

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Q:

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

A) Deflation B) Stagflation
C) Recession D) Depression
 
Answer & Explanation Answer: B) Stagflation

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Filed Under: Indian Economy
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