1. If price of an article decreases from P1 to Rs 25, quantity demanded increases from 900 units to 1200 units. If point elasticity of demand is 2 find P1?
A. Rs. 20
B. Rs. 30
C. Rs. 35
D. Rs. 15
Answer: Option B
2. If demand curve for roller skates is D = 23000 - 19P and the supply curve is S= 18000+6P, then find the equilibrium price.
A. Rs. 100
B. Rs. 400
C. Rs. 50
D. Rs. 200
Answer: Option D
3. Match the characteristics with their market structure:
(a) Price > MC in both short and long run
(b) Faces highly elastic demand
A. (a) Monopolistic competition, (b) Pure competition
B. a) Pure Monopoly, (b) Monopolistic competition
C. (a) Pure competition, (b) Monopolistic competition
D. a) Oligopoly, (b) Pure competition
Answer: Option D
4. If demand curve for house cleaning services is D = 45000 - 21P and supply curve is S = 15000 + 9P, find the equilibrium Quantity
A. 12000 Units
B. 6000 Units
C. 24000 Units
D. 30000 Units
Answer: Option C
5. J.B. Say Law of Market was not accepted by :
A. Adam Smith
B. Marshall
C. David Recordo
D. Malthus
Answer: Option D
6. Indian Economy is a
A. Independent Economy
B. Mixed Economy
C. Communist Economy
D. Capitalist Economy
Answer: Option B
7. When price of a substitute of commodity ‘x’ falls, the demand for ‘x’ :
A. Remains Unchanged
B. Hydrogen increases at increasing rate
C. rises
D. Nitrogen
Answer: Option D
8. A demand curve will shift
A. When only prices of substitute products change
B. When only price of the commodity changes
C. when only price of the commodity changes
D. All of these
Answer: Option D
9. The time element in price analysis was introduced by
A. Alfred marshall
B. J S Mill
C. J R Hicks
D. J M Keynes
Answer: Option A
10. “Take of stage” in an economy means
A. Steady Growth Begins
B. Economy is stagnant
C. Economy is about to collapse
D. All control are removed
A. They constitute the major source of government revenue
B. Government have no other source of revenue
C. Most PSU's are run ineffciently
D. Government has it's own budget constraints
Answer: Option A
2. Under perfect competition, the industry does not have any excess capacity because each firm produces at the minimum point on its?
A. long-run marginal cost curve
B. long-run average cost curve
C. long-run average variable cost curve
D. long-run average revenue curve
Answer: Option B
3. In which market structure is the demand curve of the market represented by the demand curve of the firm ?
A. Monopoly
B. Oligopoly
C. Duopoly
D. Andhra Pradesh
Answer: Option B
4. Which among the following statements is not true when there is an increase in interest rate in an economy?
A. increase in saving
B. decrease in loan
C. incresae in production cost
D. increase in capital return
Answer: Option D
5. Which of the following is an example of Joint-Sector enterprise in India?
A. Maruti Udyog limited
B. The Indian Oil Corporation
C. Hindhustan Antibiotics limited
D. Bharat Aluminium limited
Answer: Option A
6. The opportunity cost of a factor of production is ?
A. What it earns in its present use.
B. What it can earn in the long period
C. What it can earn in some other use
D. The cost of production
Answer: Option C
7. The airways company acquired by South India’s ‘Sun Group’ is?
A. Go Air
B. IndiGo
C. Spice Je
D. Jet Airways
Answer: Option C
8. The non-expenditure costs which arise when the producing rm itself owns and supplies certain factors of production are?
A. Explicit costs
B. Original costs
C. Implicit costs
D. Replacement costs
Answer: Option C
9. Selling cost is an element of .............
A. Monopolistic Competition
B. Perfect Competition
C. Pure Competition
D. Monopoly
Answer: Option A
10. Value of output and value added can be distinguished if we know
A. the value of intermediate consumption
B. the value of net indirect taxes
C. the value of the sales
D. the value of consumption of fixed capital
1. Who propounded the Innovation theory of profits?
A. J.A Schumpeter
B. P.A. Samuelson
C. Alfred Marshall
D. David Ricardo
Answer: Option A
2. Which one of the following is an example for Non-Banking Financial institution?
A. RBI
B. SBI
C. IOB
D. LIC
Answer: Option B
3. Which of the following islands not located in South China Sea?
A. Spratly Islands
B. Falkland Islands
C. Pratas Islands
D. Paracel Islands
Answer: Option B
4. The height of the World's tallest tower, the 'Burj Dubai' (renamed 'Burj Khalifa’) is ?
A. 740 metres
B. 828 metres
C. 848 metres
D. 903 metres
Answer: Option B
5. As per the provisional result of the 2011 Census, the density of population in India is
A. 325
B. 352
C. 372
D. 382
Answer: Option D
6. The main cause of Tsunami is :
A. Volcanoes
B. Cyclones
C. Earthquake on sea floor
D. Moon’s attraction
Answer: Option C
7. The deciduous tree will?
A. shed their leaves every year
B. not lose their leaves
C. synthesise their own food
D. depend on others for their food
Answer: Option A
8. The shortest air route from Perth to London is
A. Perth-Mumbai-Rome -London
B. Perth-Ankara-Paris-London
C. Perth-Aden-Paris-London
D. Perth-Mombasa-Rome London
Answer: Option B
9. The Difficultest waterfall of India is in the state of
A. Andhra Pradesh
B. Assam
C. Maharashtra
D. Karnataka
Answer: Option D
10. For each perfectly competitive rm in the long run
A. Price=marginal costs=average variable cost
B. Price=average profit
C. Price=marginal costs=minimum average total costs
D. Price=minimum average variable costs
1. Lowering of value of currency relative to a foreign reference currency is called ________
A. Devaluation
B. Revaluation
C. Down valuation
D. Negative valuation
Answer: Option A
2. The Law of demand is based on the concept that concept that people..............
A. buy more of a good as their income increases
B. buy more of a good as the price of the good life
C. will spend all of their money on something
D. want more of everything even if they have no money to buy anything.
Answer: Option B
3. If demand curve for roller skates is D = 23000 - 1 9P and the supply curve is S = 18000 ÷ 6P, then find the equilibriu price.
A. Rs 100
B. Rs 400
C. Rs 50
D. Rs 200
Answer: Option D
4. How does the sun get its energy ?
A. From gravitational pressure
B. From nuclear fission
C. From nuclear fusion
D. None of these
Answer: Option C
5. Which of the following places of Sikh religious heritage in not in India?
A. Nankana Sahib
B. Nanded
C. Paonta Sahib
D. Keshgarh Sahib
Answer: Option D
6. Which type of zone lies between the tropics and the polar regions :
A. Tropical zone
B. Desert Areas
C. Temperate zone
D. Boreal fores
Answer: Option C
7. Sahara is located in which part of Africa?
A. Eastern
B. Western
C. Northern
D. Southern
Answer: Option C
8. Afforestation is the process of
A. Clearing forests
B. Planting more trees
C. Cutting down trees
D. Collecting forest resources
Answer: Option B
9. Which one of the following is known as the ‘Pearl City’
A. Kandla
B. None of these
C. Kochi
D. Hyderabad
Answer: Option D
10. Spot the odd item in the following:
A. Red Sea
B. Black Sea
C. Caspian Sea
D. Dead Sea
1. Match the following Tribes to Regions -
a. Bhil - 1. Terai
b. Tharu - 2. Nilgiri
c. Gond - 3. Bastar
d. Toda - 4. Malwa ?
A. a-4, b-1, c-3, d-2
B. a-1, b-3, c-4, d-2
C. a-4, b-2, c-1, d-3
D. a-3, b-1, c-2, d-4
Answer: Option A
2. The Biosphere is the zone of Earth where life is found. It includes parts of:
(1) Hydrosphere (2) Lithosphere (3) Stratosphere
(4) Troposphere
Select the correct answer from the following:
A. 1 and 3
B. 1, 2 and 4
C. 1 and 4
D. 2, 3 and 4
Answer: Option B
3. Where was Christopher Columbus from?
A. Venice
B. Genoa
C. Spain
D. Portugal
Answer: Option B
4. Which of the following is an example of Plutonic Igneous Rock
A. Basalt
B. Granite
C. Slate
D. Dolomite
Answer: Option B
5. Which one of the following regions of India has a combination of mangrove forest, evergreen forest, and deciduous forest
A. North east
B. Andaman and nicobar
C. Lakshadweep
D. North coastal Andhra
Answer: Option B
6. The percentage of India’s total population employed in agriculture is nearly
A. 60%
B. 50%
C. 70%
D. 80%
Answer: Option B
7. In which Ecosystem Grassland is included?
A. Marine
B. Fresh Water
C. Terrestrial
D. Artificia
Answer: Option C
8. Chandragupta Maurya was an ardent follower of_____________
A. Sikhism
B. Jainism
C. Buddhism
D. Jewism
Answer: Option B
9. The First Battle of Panipat in 1526 was fought between the Lodi Empire and __________
A. Babur
B. Humayun
C. Akbar
D. Aurangzeb
Answer: Option A
10. Which fort is also known as the Golden Fort?
A. Chittogarh
B. Kumbhalgarh
C. Ranthambore
D. Jaisalmer
1. The coins of which of the following reveal their love for music
A. Mauryas
B. Nandas
C. Guptas
D. Cholas
Answer: Option C
2. Who was the Chola king who brought Ganga from North to South?
A. Raja Raja Chola
B. Mahendra
C. Rajendra Chola
D. Parantaka
Answer: Option C
3. Coins made of metal rst appeared in
A. Harappan Civiliztion
B. Later Vedic Age
C. Age of the Buddha
D. Age of the Mauryas
Answer: Option B
4. The Akaal Takht was built by
A. Guru Ramdas
B. Guru Teg Bahadur
C. Guru Hargovind
D. Guru Nanak
Answer: Option C
5. Prithviraj Chauhan was defeated by Mohd. Ghori in the battle of
A. Torain in 1191 AD.
B. Tarain in 1192 A.D.
C. Chandawar in 1193 A .D.
D. Ranthambhor in 1195 A.D.
Answer: Option B
6. Coal mines were nationalized in the year:
A. 1970
B. 1971
C. 1972
D. 1976
Answer: Option B
7. Who persuaded the ratings of the RIN (Royal India Navy) to surrender on the 23rd February 1946:
A. Mahatma Gandhi
B. Jawaharlal Nehru and Maulna Abul Kalam Azad
C. Vallabh Bhai patel and M.A. Jinnah
D. Morarji Desai and J.B. Kripalani
Answer: Option A
8. The fi rst African National to become Secretary General of UNO was
A. Kofi annan
B. Boutros Boutros
C. Nelson Mandela
D. Winni Mandela
Answer: Option C
9. Which of the following pairs is incorrect?
A. Babar vs. Sangram Singh
B. Sher Shah vs. Humayun
C. Chengiz Khan vs. Alauddin Khilji
D. Akbar vs. Hemu
Answer: Option B
10. Name three important forms of Satyagraha
A. Non-cooperation, civil disobedience and boycott
B. Boycott, civil disobedience and rebellion
C. Boycott, civil disobedience and rebellion
D. Revolutions, plebiscite and boycott
1. Under the “Indira Gandhi National Old Age Pension Scheme”, the amount of pension for those above 80 years has been increased per month from ₹ 200 to :
A. Rs. 300
B. Rs. 400
C. Rs. 500
D. Rs. 1000
Answer: Option C
2. Which one of the following is a hindrance to liberty and independence ?
A. Centralisation
B. Decentralisation
C. Privatisation
D. Nationalization
Answer: Option A
3. The success of democracy depends upon the
A. Right to criticize
B. Right to association
C. Right to personal liberty
D. Right to property
Answer: Option C
4. The state possesses ?
A. only external sovereignty
B. only internal sovereignty
C. both internal and external sovereignty
D. neither external nor internal sovereignty
Answer: Option C
5. Which of the following subjects dose not figure in the concurrent list of our constitutions??
A. Stock Exchange and futures markets
B. Protection of wild animals and birds
C. Forests
D. Trade unions
Answer: Option A
6. How many articles were there in the Indian Constitution at the time of its commencement?
A. 395
B. 396
C. 398
D. 399
Answer: Option A
7. From which language, has the term ‘democracy’ been derived?:
A. Greek
B. Hebrew
C. English
D. Latin
Answer: Option A
8. __________ are essential for liberty
A. Restrictions
B. Rights
C. Privileges
D. Laws
Answer: Option B
9. What are the basic, functions of Public Accounts Committee (PAC)?
A. to examine the statement of accounts showing the income and expenditure of state corporations, trading and manufacturing schemes and projects.
B. to examine the accounts of stores and stocks.
C. to examine the statement of accounts of autonomous bodies
D. All of the above
Answer: Option A
10. The main objective of the [latex] {12}^{th}[/latex] five-year plan is
A. Sustainable and inclusive growth to reduce unemployment
B. Faster, sustainable and more inclusive growth
C. Inclusive and sustainable growth
D. Inclusive growth and Poverty reduction