Questions

Q:

_______________________ is the unemployment which exists in any economy due to people being in the process of moving from one job to another.

A) Seasonal unemployment B) Cyclical unemployment
C) Frictional unemployment D) Structural unemployment
 
Answer & Explanation Answer: C) Frictional unemployment

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Q:

As per the announcement by the government in August 2017, Banks importing gold and precious metals will have to pay ______ tax under the GST.

 

A) 5%   B) 10%  
C) 3%   D) 8%
 
Answer & Explanation Answer: C) 3%  

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Q:

Which is the most important factor that determines whether advertising by manufacturing sector will lead to higher sales?

A) Demand is elastic B) Demand is inelastic
C) The product can be differentiated D) The product can be homogenous.
 
Answer & Explanation Answer: C) The product can be differentiated

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Q:

___________ is an alternative way of representing the production function.

A) The Short Run B) The Long Run
C) Isoquant D) Average product
 
Answer & Explanation Answer: C) Isoquant

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Our reputation and image is most definitely determined by our ______. Also our ______ tend to be habit forming, in that we have a ______ to act in a particular manner. Hence most people are ______ by their deeds and seem to have little control over their actions. We usually act according to or in response to our surroundings-our circumstances and the environment which to a great extent ______ our priorities and objectives.

 

we have a ______ to act in a particular manner.

 

A) immensity B) propensity
C) viscosity D) virtuously
 
Answer & Explanation Answer: B) propensity

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Q:

____ enacted during an emergency imposed by Mrs. Indhira Gandhi, is also known as mini constitution because of important & large number of changes made to it.

A) 42nd Amendment Act B) 44th Amendment Act
C) 74th Amendment Act D) 73rd Amendment Act
 
Answer & Explanation Answer: A) 42nd Amendment Act

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Q:

Union Government's School Nursery Yojana is about

A) Creating environmental awareness in young minds B) Streamlining admissions in nursery schools
C) Bringing nursery schools under regulations D) Creating awareness about safety of children
 
Answer & Explanation Answer: A) Creating environmental awareness in young minds

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Q:

In December 2017, who launched project ‘DARPAN’ (Digital Advancement of Rural Post Office for a New India)?

 

A) Jayant Sinha B) Manoj Sinha
C) Ravi Shankar Prasad D) Prakash Javadekar
 
Answer & Explanation Answer: B) Manoj Sinha

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