Questions

Q:

Who is the famous Indian actress who stars in the 'Quantico' TV series on American Broadcasting Corporation?

A) Alia Bhatt B) Deepika Padukone
C) Priyanka Chopra D) Malaika Arora
 
Answer & Explanation Answer: C) Priyanka Chopra

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Q:

Who was the first Indian Governor of Reserve Bank of India?

A) Sir Benegal Rama Rau B) H V R Iengar
C) Sir C D Deshmukh D) K G Ambegaonkar
 
Answer & Explanation Answer: C) Sir C D Deshmukh

Explanation:

Chintaman Dwarkanath Deshmukh, a member of the Indian Civil Service, was the first Indian Governor of the Bank.

 

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Q:

If cash reserve ratio decreases, credit creation will _______.

A) increase B) decrease
C) does not change D) first decreases than increases
 
Answer & Explanation Answer: A) increase

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Q:

__________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: A) Law of diminishing marginal product

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Q:

7 workers work in a printing press. Each gets paid Rs 450 per day. The 8th worker demands Rs 500 per day. If this worker is hired then all other workers must be paid Rs 500. The marginal resource (labour) cost of the 8th worker is _______.

A) Rs 50 B) Rs 850
C) Rs 400 D) Rs 100
 
Answer & Explanation Answer: B) Rs 850

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Q:

__________ resources are those resources whose quantity is known.

A) Natural resources B) Actual resources
C) Potential resources D) Abiotic resources
 
Answer & Explanation Answer: B) Actual resources

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Q:

Which of the following branch of medical science deals with the study and treatment of the liver?

A) Helcology B) Hepatology
C) Heterology D) Geriatrics
 
Answer & Explanation Answer: B) Hepatology

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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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