Questions

Q:

In terms of economics, if it is possible to make someone better­off without making someone worse­off, then the situation is

A) Inefficient B) Efficient
C) Optimal D) Pareto­superior
 
Answer & Explanation Answer: D) Pareto­superior

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Filed Under: Indian Economy
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Q:

If price of an article decreases from Rs 600 to Rs 500, when quantity demanded increases from 10000 units to 12000 units. Find point elasticity of demand?

A) -1.2 B) 1.2
C) -1.5 D) 1.5
 
Answer & Explanation Answer: A) -1.2

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Q:

In economics secondary effects refer to the

A)  best alternative that must be forgone as the result of a choice. B) immediate and visible intended consequences of a change.
C) impact of the scarcity of resources on the scarcity of the goods that are produced with those resources. D) unintended consequences of a change that are not immediately identifiable but are felt only with time.
 
Answer & Explanation Answer: B) immediate and visible intended consequences of a change.

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Q:

In the following gases, which is not a colorless or odourless gas?

A) Nitrogen B) Chlorine
C) Hydrogen D) Oxygen
 
Answer & Explanation Answer: B) Chlorine

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Filed Under: Chemistry
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Q:

Statement I :The    Poona    Pact    provided    for    151 reserved  seats  for  the  scheduled  castes  to be   elected   by   a   joint,   not   separate, electorate.

Statement II :Dr.  B.  R.  Ambedkar  withdrew  from  active politics   for   almost   a   decade   when   the Communal Award was revoked.

A) Both the statements are individually true and Statement II is the correct explanation of Statement I B) Both the statements are individually true but Statement II is not the correct explanation of Statement I
C) Statement I is true but Statement II is false D) Statement I is false but Statement II is true
 
Answer & Explanation Answer: C) Statement I is true but Statement II is false

Explanation:

The  Poona  Pact  was  an  agreement between  Dr.  Babasaheb  Ambedkar and  Mahatma  Gandhi  which  was signed  on  24  September  1932  at Yerwada Central Jail in Pune, India, which asserted that there will be a single    Hindu    electorate,    with scheduled    castes    having    seats reserved     within     it,So     the representation of these classes was based  on  the  standards  of  joint electorates   and   reserved   seats. The  Communal  Award  was  made by    the    British    Prime    Minister Ramsay  MacDonald  on  16  August 1932    which    allowed    separate electorates  in  India,  and  it  was supported by Ambedkar.

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Filed Under: General Awareness
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Q:

According to Indian Constitution, there are three organs of government. Which among the following is/are NOT an organ/organs of it?

I. The legislature

II. The Media

III. The Judiciary

 

A) Only I B) Only II
C) Only III D) Only I and III
 
Answer & Explanation Answer: B) Only II

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Filed Under: Indian Politics
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Q:

On which date is India likely to experience the shortest day?

A) December 22 B) March 21
C) June 22 D) September 23
 
Answer & Explanation Answer: A) December 22

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Filed Under: General Science
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Q:

Vernal Equinox occurs on

A) June 22 B) March 20
C) May 20 D) June 20
 
Answer & Explanation Answer: B) March 20

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Filed Under: General Science
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