Questions

Q:

Which Indian Chief Minister won the the 2017 Outlook Speakout Award?

A) Mamata Banerjee B) Nitish Kumar
C) Naveen Patnaik D) Devendra Fadnavis
 
Answer & Explanation Answer: C) Naveen Patnaik

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Q:

According to the Global Gender Gap report 2017, India has closed how much percentage of its gender gap?

 

A) 12%   B) 47%  
C) 67%   D) 88%
 
Answer & Explanation Answer: C) 67%  

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Q:

Which country among the following voted in 2015 to be the first country to allow three parent in-vitro fertilization?

 

A) Britain B) USA
C) France D) Italy
 
Answer & Explanation Answer: A) Britain

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Q:

What is meant by space tourism?

A) Scientific space exploration B) Space travel for leisure
C) Touring the world only by flight D) Reaching out to Mars
 
Answer & Explanation Answer: B) Space travel for leisure

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Q:

The study of human evolution indicates that all of us belong to a single species that evolved in

A) West Asia B) Central Asia
C) Africa D) America
 
Answer & Explanation Answer: C) Africa

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Q:

A beedi making workshop can hire 5 women by paying them Rs. 300 per day. The 6th woman demands Rs. 350 per day. If this woman is hired then all other women must be paid Rs. 350. The marginal resource (labour) cost of the 6th woman is

A) Rs. 600 B) Rs. 50
C) Rs. 300 D) Rs. 100
 
Answer & Explanation Answer: A) Rs. 600

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Q:

Which of the following is a risk taken by entrepreneurs in small business?

A) Interference with personal lives B) Psychological stress
C) Social and family pressure D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Some of the risks faced by entrepreneur of small business are:-


1. Funding of capital.
2. Adequate cashflows.
3. Social and family pressures.
4. Interference with personal lives.
5. psychological pressure.
6.Lack of motivation

 

 

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Q:

In general, elasticity is a measure of

A) how firms' profits respond to changes in market prices.  B) the extent to which advances in technology are adopted by producers.
C) how much buyers and sellers respond to changes in market conditions. D) the extent to which a market is competitive. 
 
Answer & Explanation Answer: C) how much buyers and sellers respond to changes in market conditions.

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