Questions

Q:

Irfaan loves black coffee. A roadside stall selling a cup of black coffee at Rs. 120, offered 25% discount to Irfaan. If Irfaan was willing to pay even Rs. 200 for this cup of black coffee, Irfaan's consumer surplus is

A) 90 B) 80
C) 30 D) 110
 
Answer & Explanation Answer: D) 110

Explanation:
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Q:

Which of the following statements is incorrect, if resources were unlimited?

A) there would still be scarcity and opportunity costs B) there would still be scarcity but no opportunity costs
C) there would be no scarcity, but there would be opportunity costs. D) there would neither be scarcity nor opportunity costs
 
Answer & Explanation Answer: C) there would be no scarcity, but there would be opportunity costs.

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Q:

Deindustrialisation means

A) uprooting of people from agriculture and planting them in industries B) uprooting of people from agriculture and planting them in industries
C) a deliberate effort to compel the existing industries to shut down D) a deliberate effort to promote the new industries
 
Answer & Explanation Answer: B) uprooting of people from agriculture and planting them in industries

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Q:

The data collected from which one of the following methods is not a primary data?

A) By direct personal interviews B) By indirect personal interviews
C) By schedules sent through enumerators D) From published thesis
 
Answer & Explanation Answer: D) From published thesis

Explanation:
Primary data is information that you collect specifically for the purpose of your research project.
An advantage of primary data is that it is specifically tailored to your research needs. A disadvantage is that it is expensive to obtain.
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Q:

In August 2017, which of the following launched world’s first future contracts in ‘diamonds’?

 

A) Indian Commodity Exchange (ICEX) B) Multi Commodity Exchange (MCEX)  
C) National Association of Securities Dealers Automated Quotations (NASDAQ)   D) None of these  
 
Answer & Explanation Answer: A) Indian Commodity Exchange (ICEX)

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Filed Under: General Awareness
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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. If a sentence is free from error, select No Error.

 

Many firms fail because when they begin (1)/ exporting, they have not research the (2)/ target markets or have not planned enough. (3)/ No error (4)

 

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

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of thefour alternatives

 

Teachers ____________ the country require proper training at the appropriate time in their careers. On account of the unique occupational dynamic, together _________the constant pressure to address the growing expectations of society and the ______________ of teaching pedagogy, teachers need to be engaged in continual re-examination of their role. This cannot be achieved unless they incorporate the subjects as varied ________ applied ethics, human psychology, spirituality, ____________values, peace studies, and organisational behaviour.

 

Teachers ____________ the country require proper training

 

 

A) cross   B)  over  
C)  beyond   D)  across
 
Answer & Explanation Answer: D)  across

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Q:

In April 2017, the announcement was made to change the Base year for GDP Calculation. The new Base year will be ______.

 

A) 2011-12   B) 2015-16
C) 2017-18 D) 2016-17
 
Answer & Explanation Answer: C) 2017-18

Explanation:
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