Practice Question and Answer

Q:

The Surplus earned by a factor other thus land in the short period is referred as –

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  • 1
    Economic Rent
    Correct
    Wrong
  • 2
    Net Rent
    Correct
    Wrong
  • 3
    Quasi-Rent
    Correct
    Wrong
  • 4
    Super-Normal Rent
    Correct
    Wrong
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Answer : 3. "Quasi-Rent "
Explanation :

Explain: -The Surplus earned by a factor other than land in the short period is referred as quasi-rent.

Q:

By selling an article at 2/3 of the Marked price, there is a loss of 10%. The profit percent when the article is sold at the Marked prices

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  • 1
    20%
    Correct
    Wrong
  • 2
    30%
    Correct
    Wrong
  • 3
    35%
    Correct
    Wrong
  • 4
    40%
    Correct
    Wrong
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Answer : 3. "35%"

Q:

Who has been elected the President of the Asian Cricket Council (ACC)?

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  • 1
    Saurabh Ganguly
    Correct
    Wrong
  • 2
    Jai Shah
    Correct
    Wrong
  • 3
    Rohan jaitley
    Correct
    Wrong
  • 4
    Pankaj Singh
    Correct
    Wrong
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Answer : 2. "Jai Shah"

Q:

A passage is given with 5 Questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.

The public distribution system, which provides food at low prices, is a subject of vital concern. There is a growing realization that though India has enough food to feed its masses two square meals a day, the monster of starvation and food insecurity continues to haunt the poor in our country. Increasing the purchasing power of the poor through providing productive employment leading to rising income, and thus good standard of living, is the ultimate objective of public policy. However, till then, there is a need to provide assured supply of food through a restructured, more efficient and decentralized public distribution system (PDS). Although the PDS is extensive world – it hasn't reached the rural poor and the remote places. It remains an urban phenomenon, with the majority of the rural poor still out of its reach due to lack of economic and physical access. The poorest in the cities and the migrants are left out, for they generally do not possess ration cards. The allocation of PDS supplies in big cities is larger than in rural areas. In view of such deficiencies in the system, the PDS urgently needs to be streamlined. Also, considering the large it is one of the largest such systems in the food grains production combined with food subsidy on one hand and the continuing slow starvation and dismal poverty of rural population on the other, there is a strong case for making PDS target group oriented. By making PDS target group oriented, not only the poorest and the neediest would be reached without additional cost but we can also reduce the overall costs incurred. 

Which of the following is true of public distribution system? 

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  • 1
    It has improved its effectiveness over the years.
    Correct
    Wrong
  • 2
    It is unique in the world because of its effectiveness.
    Correct
    Wrong
  • 3
    It has remained effective only in the cities.
    Correct
    Wrong
  • 4
    It has reached the remotest corner of the country.
    Correct
    Wrong
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Answer : 3. "It has remained effective only in the cities. "

Q:

Merv Hughes, a former fast bowler has recently been inducted into the Cricket Hall of Fame by which country?

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  • 1
    England
    Correct
    Wrong
  • 2
    South Africa
    Correct
    Wrong
  • 3
    New Zealand
    Correct
    Wrong
  • 4
    Australia
    Correct
    Wrong
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Answer : 4. "Australia"

Q:

In which year was 'Drought Prone Area Programme' launched?

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  • 1
    1974-75
    Correct
    Wrong
  • 2
    1977-78
    Correct
    Wrong
  • 3
    1984-85
    Correct
    Wrong
  • 4
    1988-89
    Correct
    Wrong
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Answer : 1. "1974-75"

Q:

LCM of two numbers is 2079 and their HCF is 27. If one of the numbers is 189, the other number is

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  • 1
    297
    Correct
    Wrong
  • 2
    584
    Correct
    Wrong
  • 3
    189
    Correct
    Wrong
  • 4
    216
    Correct
    Wrong
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Answer : 1. "297"

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