Questions

Q:

An economic system combining private and state enterprise is called as _____

A) Market economy B) Centrally planned economy
C) Private economy D) Mixed economy
 
Answer & Explanation Answer: D) Mixed economy

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Q:

Which among the following is not a direct tax?

A) Income tax B) Wealth tax
C) Corporate tax D) None of these
 
Answer & Explanation Answer: D) None of these

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Q:

Unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand is called

A) Structural unemployment B) Frictional unemployment
C) Seasonal unemployment D) Cyclical unemployment
 
Answer & Explanation Answer: A) Structural unemployment

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Q:

Nagarhole National Park is part of the ____________ Biosphere Reserve.

A) Aravalli B) Vindhya
C) Satpura D) Nilgiri
 
Answer & Explanation Answer: D) Nilgiri

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Q:

The Kambala festival of Karnataka is essentially associated with what?

A) Cock fighting B) Buffalo race
C) Tribal dance D) Bull fighting
 
Answer & Explanation Answer: B) Buffalo race

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Q:

The economic way of thinking stresses that

A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits. B) changes in personal costs and benefits generally fail to exert much impact on behavior.
C) if a good is provided by the government, its production will not consume valuable scarce resources. D) if one individual gains from an economic activity, then someone else must lose and in the same proportion.
 
Answer & Explanation Answer: A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.

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Q:

Which element is not a part of a nitrogenous base?

A) Hydrogen B) Phosphorous
C) Carbon D) Nitrogen
 
Answer & Explanation Answer: B) Phosphorous

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Q:

What happens as we go down the group in the periodic table?

A) The number of shells decreases B) Valence electrons decreases
C) The number of shells increases D) Atomic size decreases
 
Answer & Explanation Answer: C) The number of shells increases

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