Q:

The innovation theory of profit was proposed by

A) Marshall	B) Clark
C) Schumpeter	D) Joan Robbinson

Answer & Explanation Answer: C) Schumpeter

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Q:

In which market form, a market or an industry is dominated by a single seller?

A) Oligopoly	B) Monopoly
C) Duopoly	D) Monopolistic Competition

Answer & Explanation Answer: B) Monopoly

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Q:

In economic equilibrium _____

A) supply is equal to the demand.	B) the surplus is larger than the shortage.
C) elasticity of demand equals elasticity of supply	D) price elasticity of demand is unity

Answer & Explanation Answer: A) supply is equal to the demand.

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Q:

"Residex Index" is associated with which of these?

A) Share Prices	B) Mutual Fund Prices
C) Price Inflation Index	D) Housing Prices

Answer & Explanation Answer: D) Housing Prices

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Q:

Tripitakas are sacred books of _______.

A) Sikhs	B) Jews
C) Buddhists	D) Muslims

Answer & Explanation Answer: C) Buddhists

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Filed Under: Indian History
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Q:

Three freedom fighters including Bipin Chandra Pal were popularly known as Lal-Bal-Pal. Who were the other two?

A) Subhash Chandra Bose & Bal Gangadhar Tilak	B) Bal Gangadhar Tilak & Lala Lajpat Rai
C) Lala Lajpat Rai & Bhagat Singh	D) Ram Prasad Bismil & Bhikaiji Cama

Answer & Explanation Answer: B) Bal Gangadhar Tilak & Lala Lajpat Rai

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Q:

What is the capital of Finland?

A) Tashkent	B) Helsinki
C) Bern	D) Dublin

Answer & Explanation Answer: B) Helsinki

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Filed Under: World Geography
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Q:

In the following question, sentence given with blank to be filled in with an appropriate word(s). Four alternatives are suggested for the question. Choose the correct alternative out of the four and indicate it by selecting the appropriate option.

The gate _______ by the watchman on duty.

A) opened	B) was opened
C) were opened	D) was Opening

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