Questions

Q:

In perfect competition _____.

A) Products can be similar or different B) Producer can control price by controlling production
C) Demand curve is perfectly elastic D) All firms make economic profit in the long run
 
Answer & Explanation Answer: C) Demand curve is perfectly elastic

Explanation:
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Q:

Which hormone is released from the testes?

A) Insulin B) Testosterone
C) Thyroxin D) Estrogen
 
Answer & Explanation Answer: B) Testosterone

Explanation:
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Q:

In the following question, a word has been written in four different ways out of which only one is correctly spelt. Select the correctly spelt word.

A) Maintenance   B)  Maintainence  
C) Maintanance   D)  Mainteinance
 
Answer & Explanation Answer: A) Maintenance  

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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.

 

The many ______ of Dalhousie have made it popular among tourists.

 

A) signs   B) attractions  
C) entertainment   D) disadvantages
 
Answer & Explanation Answer: B) attractions  

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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.

 

It is necessary, then, to keep our ____________ acts under some surveillance of attention, to pass them in review for inspection every now and _________, that we may discover possible modifications which will make them more serviceable. We need to be __________, constantly to find out better ways of doing things. Habit takes care of our standing, walking, sitting; but how many of us could _________ improve his poise and carriage if he would? Our speech has become largely automatic, but no doubt all of us might remove _____________ of enunciation, pronunciation or stress from our speaking.

 

We need to be __________, constantly to find

 

A) inventive   B) invention  
C) invent D) inventor
 
Answer & Explanation Answer: A) inventive  

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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of four alternatives suggested, select the one, which best expresses the same sentence in Passive/Active voice.

 

They have published the names of all the successful candidates.

 

A) The candidates who have succeeded their names they had published. B) The names of all the successful candidates have been published by them.
C) The candidates who have succeeded their names have been published by them. D) The names of all the successful candidates were published by them.
 
Answer & Explanation Answer: B) The names of all the successful candidates have been published by them.

Explanation:
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Q:

Goods  and  Services  Tax  likely  to  be  levied in India is not a

A) gross value tax B) value-added tax
C) consumption tax D) destination-based tax
 
Answer & Explanation Answer: A) gross value tax

Explanation:

GST  is  a  destination-based  tax,  it means   end   users   consuming   any goods or services is liable to pay the Goods  and  Services  Tax.  The  tax  is collected  by  the  State  in  which  the goods or services are consumed and not  by  the  state  in  which  goods  are manufactured    and    If    there    are exports,  the  seller  of  the  goods  or services  is  exempted  from  paying the tax. GST is a consumption-based tax,  it  means  the  state  where  the goods  were  consumed  will  receive GST   and   where   goods   were   sold should  not  get  any  taxes.GST  is  a value added tax as it is based on the increase  in  value  of  a  product  or service  at  each  stage  of  production or   distribution.GST   is   not   gross value tax.

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Q:

As per the data released by the Income­Tax Department in December 2017, how much percent of total population paid income tax in the assessment year 2015­16?

A) 1.7 B) 5.7
C) 9.7 D) 11.7
 
Answer & Explanation Answer: A) 1.7

Explanation:
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