Questions

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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Filed Under: Indian Economy
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Q:

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

A) 8 percent B) 12.5 percent
C) 10 percent D) 15 percent
 
Answer & Explanation Answer: B) 12.5 percent

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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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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

Kolleru Lake, located in the southern state of Andhra Pradesh, is located at the delta of two rivers. Which are the rivers?

A) Krishna and Cauvery B) Tungabhadra and Chitravathi
C) Godavari and Mahanadi D) Godavari and Krishna
 
Answer & Explanation Answer: D) Godavari and Krishna

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Filed Under: Indian Geography
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Q:

Around how much percent of earth's surface is covered with water?

A) 20-25% B) 40-50%
C) 70-80% D) 55-60%
 
Answer & Explanation Answer: C) 70-80%

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Filed Under: General Science
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Q:

What is the resistance (in Ω) of an electrical component if a current of 0.2 A passes through it on application of 8 V of potential difference across it?

 

A) 40   B) 1.6  
C) 80   D) 3.2
 
Answer & Explanation Answer: A) 40  

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Filed Under: Physics
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Q:

Which of the following can do more work?

A) A rotating wheel B) A moving bullet
C) A speeding stone D) A raised hammer
 
Answer & Explanation Answer: B) A moving bullet

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