Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Filed Under: Indian Economy
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Q:

Short run marginal cost curve cuts the short run average cost curve from _______ at the minimum point of short run average cost.

A) top B) below
C) right D) left
 
Answer & Explanation Answer: B) below

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Filed Under: Indian Economy
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. Ifa  sentence is free from error, select 'No Error'.

Buttressing the confidence in the economy (1)/ are the findings in the survey, which posits (2)/ an improvement in the infrastructure sectors.(3)/ No error. (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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Filed Under: English
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Q:

The second most senior office in the country is of _____ .

A) Office of the President of India B) Office of the Prime Minister of India
C) Office of the Vice President of India D) Office of the Chief Justice of India
 
Answer & Explanation Answer: C) Office of the Vice President of India

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Filed Under: Indian Politics
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Q:

Government intervention in a modern economy is useful because

A) the needs and wants of modern society are always met by the market place B) the market place has many incentives to create public work such as parks and library’s
C) governments are more able to meet some needs and wants of modern society in a way that ensures that all members of society can participate D) the market place powers all its own laws
 
Answer & Explanation Answer: C) governments are more able to meet some needs and wants of modern society in a way that ensures that all members of society can participate

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Filed Under: Indian Politics
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Q:

Which of the following is a temple built out of marble by Vimal Shah?

A) The Dilwara Temple B) Brihadeeshwara temple
C) Omkareshwar temple D) Ranakpur Adinath temple
 
Answer & Explanation Answer: A) The Dilwara Temple

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Filed Under: Indian History
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Q:

Who is the author of the book titled "The Sellout"?

A) Paul Beatty B) Arvind Adiga
C) Elenor Catton D) Howard Jacobson
 
Answer & Explanation Answer: A) Paul Beatty

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Filed Under: Books and Authors
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Q:

Which team created history by winning the Ranji Trophy for the first time in January 2018?

A) Kerala B) West Bengal
C) Odisha D) Vidarba
 
Answer & Explanation Answer: D) Vidarba

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Filed Under: Sports
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