Questions

Q:

The minimum price at which I was willing to sell my old TV was Rs 37,000. I quoted Rs 50,000 while selling it, but it sold for Rs 42,000. This transaction generated _____.

A) Rs 5000 worth of consumer surplus B) Rs 8000 worth of consumer surplus
C) Rs 5000 worth of producer surplus D) Rs 8000 worth of producer surplus
 
Answer & Explanation Answer: C) Rs 5000 worth of producer surplus

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Q:

Which of the following best defines disposable income?

A) income received by households less 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 households less personal taxes

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Q:

How many triangles are there in the given figure?

A) 18 B) 19
C) 20 D) 21
 
Answer & Explanation Answer: C) 20

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Q:

How many agreements have been signed by India and Israel in July 2017?

A) 5 B) 7
C) 9 D) 11
 
Answer & Explanation Answer: B) 7

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Q:

A grant for expenditure made by Lok Sabha for part of a financial year pending voting is called

A) Cut motion B) Appropriation
C) Prorogation D) Vote on account
 
Answer & Explanation Answer: D) Vote on account

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Filed Under: Indian Politics
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Q:

Which country in October 2017 announced to allow women into three sports stadium for the first time from 2018?

 

A) UAE B) Qatar
C) Saudi Arabia D) Kuawait
 
Answer & Explanation Answer: C) Saudi Arabia

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Q:

Which company has signed an agreement with UNESCO to launch virtual reality content and 360 degree videos on Indian heritage sites?

 

A) Nokia B) Sunstar
C) Samsung D) Amazon
 
Answer & Explanation Answer: C) Samsung

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Q:

A good measure of the standard of living is

A) SGP B) GDP
C) Percapita income D) None
 
Answer & Explanation Answer: B) GDP

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