Questions

Q:

Lorenz curve shows

A) Inflation B) Unemployment
C) Income distribution D) Poverty
 
Answer & Explanation Answer: C) Income distribution

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Q:

Which famous cricketer co-owns the Pro-Kabaddi team from Tamil Nadu named 'Tamil Thalaivas'?

A) Sunil Gavaskar B) Ravi Shastri
C) Krishnamachari Srikkanth D) Sachin Tendulkar
 
Answer & Explanation Answer: D) Sachin Tendulkar

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Q:

The least six digit number which is a perfect square is

A) 100489 B) 100000
C) 100256 D) 100225
 
Answer & Explanation Answer: A) 100489

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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.

________________ various signs of economic slowdown such as languishing industrial production and adverse __________________of the drought on rural livelihoods and demand, the government is apparently unable ____________________ unwilling to increase public spending to _________________ people’s material distress or to kick-start economic ___________________ to increase employment.


________________ various signs of economic slowdown such as languishing industrial production

A) As B) Despite
C) So D) Because
 
Answer & Explanation Answer: B) Despite

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

Finding the comedy routine extremely funny, the family laughed _____________ along with the rest of the crowd.

A) lot B) hysterically
C) crazy D) guffaw
 
Answer & Explanation Answer: B) hysterically

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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:

This tax is entirely borne by the entity it is levied upon and cannot be passed.

A) Direct tax B) Indirect tax
C) Straight tax D) Advance tax
 
Answer & Explanation Answer: A) Direct tax

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Q:

Calculate the economic profit for a firm if its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

A) Rs 110 crores B) Rs 300 crores
C) Rs 60 crores D) Rs 250 crores
 
Answer & Explanation Answer: C) Rs 60 crores

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