Questions

Q:

Which level does macroeconomics focus on?

A) Government B) Business
C) Personal D) None
 
Answer & Explanation Answer: A) Government

Explanation:
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Q:

 The difference between exports and imports is called-? 

A) assets and liabilities  B) balance of payment 
C) GDP  D) balance of trade 
 
Answer & Explanation Answer: D) balance of trade 

Explanation:

The difference between exports and imports is called the balance of trade. If imports are greater than exports, it is sometimes called an unfavourable balance of trade. If exports exceed imports, it is sometimes called a favourable balance of trade.

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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

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Q:

For the first time in Gujarat, who implemented Jizya tax?

A) Ahmed Shah I B) Mahmud Begda
C) Mujaffarshah I D) Mujaffarshah II
 
Answer & Explanation Answer: A) Ahmed Shah I

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Q:

If Metal A displaces Metal B from its solution, then Metal A ____.

A) is more reactive than B B) is less reactive than B
C) is heavier than B D) has the same reactivity as B
 
Answer & Explanation Answer: A) is more reactive than B

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Q:

Which one of the following countries does not have football as their national sport?

A) Ghana B) Hungary
C) Argentina D) Mauritius
 
Answer & Explanation Answer: C) Argentina

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Q:

Who has recently been appointed as the Chief of New Development Bank of BRICS country, has also served as the chairman of Infosys Ltd, and was non-Executive chairman of ICICI Bank in the past?

A) K.V. Kamath B) Nandan Nilekani
C) Azim Premji D) Chanda Kochhar
 
Answer & Explanation Answer: A) K.V. Kamath

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Q:

Study the Bar diagram carefully and answer the questions. The Bar diagram shows the trends of foreign direct investment (FDI) into India from all over the World (in Rs. crores).

The ratio of investment in 1997 to the average investment is

A) 2:1 B) 1:2
C) 1:1 D) 3:1
 
Answer & Explanation Answer: A) 2:1

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