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Q:

Which of the following best defines disposable income?

A) Income received by householdsless personal taxes. B) The before-tax income received by households.
C) All income earned by resource suppliers for their current contributions to production. D) The market value of the annual output net of consumption of fixed capital.
 
Answer & Explanation Answer: A) Income received by householdsless personal taxes.

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Filed Under: Indian Economy
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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

 

In the post-liberalisation era, urbanisation (has being taking) place at a rapid pace.

 

A) has been taking   B) has been took  
C) had been took   D) no improvement
 
Answer & Explanation Answer: A) has been taking  

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Filed Under: English
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Q:

India-born Sundar Pichai is the Chief Executive Officer (CEO) of which of the following companies?

A) Google B) Amazon
C) Dell D) Microsoft
 
Answer & Explanation Answer: A) Google

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Q:

Salt Satyagraha in Tamil Nadu was led by ____.

A) C. Rajagopalachari B) K. Kamaraj
C) Potti Sriramulu D) C. Subramaniam
 
Answer & Explanation Answer: A) C. Rajagopalachari

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Filed Under: Indian History
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Q:

The Union Home Ministry will set up an Indian Cyber Crime Coordination Centre (14C), an apex coordination centre at which place to deal with cybercrimes?

 

A) Hyderabad B) Pune
C) Bengaluru D) New Delhi
 
Answer & Explanation Answer: D) New Delhi

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Filed Under: Indian Geography
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Q:

On 30 January 2018, who among the following called for simultaneous elections to Lok Sabha and state assemblies?

 

 

A) The President of India B) The Finance Minister of India
C) The Speaker of Lok Sabha D) The Chief Justice of India
 
Answer & Explanation Answer: A) The President of India

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Filed Under: Indian Politics
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Q:

Which of the following statements is incorrect, if resources were unlimited?

A) there would still be scarcity and opportunity costs B) there would still be scarcity but no opportunity costs
C) there would be no scarcity, but there would be opportunity costs. D) there would neither be scarcity nor opportunity costs
 
Answer & Explanation Answer: C) there would be no scarcity, but there would be opportunity costs.

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Q:

Recession is ___________.

A) reduction in production and employment for want of sufficient demand for goods B) rise in the cost of production, especially because of wage increase
C) increase in money supply without a matching increase in production D) No option is correct
 
Answer & Explanation Answer: A) reduction in production and employment for want of sufficient demand for goods

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