Questions

Q:

In June 2017, who has become the first local body in the country to issue ‘municipal bonds’ in nearly one and a half decade?

A) Municipal Corporation of Mumbai B) Municipal Corporation of Pune
C) Municipal Corporation of Delhi D) Municipal Corporation of Kolkata
 
Answer & Explanation Answer: B) Municipal Corporation of Pune

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Filed Under: Indian History
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Q:

Who of the following founded the Vikramashila University?

A) Devapala I B) Dharmpala
C) Gopala D) Devapala II
 
Answer & Explanation Answer: B) Dharmpala

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Filed Under: Indian History
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Q:

Which of these rivers primarily flows in South Africa?

A) Nile River B) Orange River
C) Niger River D) Congo River
 
Answer & Explanation Answer: B) Orange River

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Filed Under: World Geography
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Q:

In the question given below, a statement is given followed by three courses of action. A course of action is taken for improvement, follow up, etc. Read the statement carefully and give your answer.

Statement:
A knife-wielding assailant killed a 29- year-old man and injured four others in a lively neighbourhood near Paris’ famed Opera Garnier before he was killed by police on Saturday night.

Courses of Action:
I. The government should ban the sale of knives in all major cities.
II. Any person seen carrying a knife should be immediately taken into police custody.
III. Policemen should be posted near all major tourist spots to avoid such untoward incidents.

A) Only course of action I follows B) Only course of action II follows
C) Both I and II follow D) Both II and III follow
 
Answer & Explanation Answer:

Explanation:

None of the courses of action follow. Banning the sale of knives just because one particular knife-wielding assailant went on a rampage makes no sense. Similarly, taking into police custody all those who are seen carrying knives is not something practical. Knives can be used for so many other purposes not involving the killing/harming of people. Finally, it is not a realistic expectation that posting policemen in all major tourist spots would reduce or altogether stop instances of such occurrences. Therefore, option E is the correct answer.

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Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores B) Rs 43.5 crores
C) Rs 76.5 crores D) Rs 78.5 crores
 
Answer & Explanation Answer: D) Rs 78.5 crores

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Filed Under: Indian Economy
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Q:

If quantity of good X demanded increases from 4000 units to 5000 units when price of good Y increases from Rs 75 to Rs 90, find Arc Cross elasticity of demand?

A) 0.55 B) 1.66
C) 0.25 D) 1.22
 
Answer & Explanation Answer: D) 1.22

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Filed Under: Indian Economy
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Q:

If demand curve for renting a car is D = 90000 -­ 23P and supply curve is S = 9000 + 7P, find the equilibrium Price?

A) Rs 1800 B) Rs 900
C) Rs 3600 D) Rs 2700
 
Answer & Explanation Answer: D) Rs 2700

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Q:

What denotes offering several products for sale as one combined product?

A) Advertisement B) Product mix
C) Product bundling D) Differentiation
 
Answer & Explanation Answer: C) Product bundling

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Filed Under: Indian Economy
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