General Knowledge Practice Question and Answer
8 Q: The Constituent Assembly of India was constituted on the scheme of –
849 0652f97b92bdcef5c28c2d15b
652f97b92bdcef5c28c2d15b- 1Wavell planfalse
- 2Cripps missionfalse
- 3August offerfalse
- 4Cabinet missiontrue
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Answer : 4. "Cabinet mission"
Explanation :
The Constituent Assembly was constituted in November 1946 under the Scheme of Cabinet Mission Plan.
Q: Recently, the World Bank willgive funds to which state to increase social security?
848 065083e23a910aab8f933b0c7
65083e23a910aab8f933b0c7- 1Punjabfalse
- 2Rajasthanfalse
- 3Odishatrue
- 4Maharashtrafalse
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Answer : 3. "Odisha"
Explanation :
World Bank will provide funds to the state of Odisha to increase social security.
Q: Which of the following would not constitute an economic activity in Economics?
847 06512a4d2af64a2609c621ce1
6512a4d2af64a2609c621ce1- 1A teacher teaching students in his collegefalse
- 2A teacher teaching students in a coaching institutefalse
- 3A teacher teaching his own daughter at hometrue
- 4A teacher teaching students under Sarva Shiksha Abhiyan Schemefalse
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Answer : 3. "A teacher teaching his own daughter at home"
Explanation :
A teacher who is teaching his own daughter is not a part of economic activity as the imputed value of such activities can not be calculated.
Q: When increase in income the increase in ratio between income & expenditure changes–
840 0651158f156a7b2508cb0de7d
651158f156a7b2508cb0de7d- 1In same ratiofalse
- 2Ratio less than 1true
- 3Ratio more than onefalse
- 4Nonefalse
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Answer : 2. "Ratio less than 1"
Explanation :
Expl:- When increase in income the increase in ratio between income & expenditure changes Ratio less than 1
Q: Other name of Net National Product at market price?
836 0651164d99c491b8125b988a8
651164d99c491b8125b988a8- 1National Incometrue
- 2Gross Domestic Productionfalse
- 3Personal Incomefalse
- 4Per Capital Incomefalse
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Answer : 1. "National Income "
Explanation :
NNPMP = GNPMP – depreciation
Q: The ancient university of India was established at –
829 06515708f73357650647776ca
6515708f73357650647776ca- 1Varanasifalse
- 2Gayafalse
- 3Nalandatrue
- 4Taxilafalse
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Answer : 3. "Nalanda "
Explanation :
In India, Nalanda university was established in 5th century by KumarGupta first (415-455 AD). The famous chinese Traveller Hsuan Tsang lived there and studied for 18 months. At that time ‘Sheel Bhadra Yajee’ was the chancellor of Nalanda university. The famous scholars of this university were ‘Chandragomina’ ‘Shantirakshit’ and Kashmiri monk ‘Padmasambhava’
Q: The Income of Indians working abroad is-
827 06511585710a18f5082fb1e12
6511585710a18f5082fb1e12- 1Domestic Income of Indiafalse
- 2Income earned from abroadtrue
- 3Net domestic product of Indiafalse
- 4Grave domestic product of India.false
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Answer : 2. "Income earned from abroad"
Explanation :
Expl:- NDPmp + NFIA = NNPmp
GDPmp + NFIA + GNPmp
Q: Gross Profit means–
817 06512a7a7af64a2609c622020
6512a7a7af64a2609c622020- 1Total investment over total savingsfalse
- 2Changes in methods of productionfalse
- 3Changes in the form of business organisationfalse
- 4Total receipts over total expenditure.true
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Answer : 4. "Total receipts over total expenditure."
Explanation :
Gross profit = Net sales (total receipts) - Cost of goods sold (total expenditure)
In other words it is the total receipt over total cost.

