Q. In the recent past, Reliance has found the gas in..........
1 Mumbai offshore
2 Mahanadi basin
3 Krishna -Godavari basin
4 Kaveri basin
Ans: 3
Q. Which petroleum company has introduced an improved quality petrol called 'Speed'?
1 Bharat Petroleum
2 Indian Oil
3 Hindustan Petroleum
4 None of these
Ans: 1
Q. What is Value Added Tax (VAT)
1 A simple, transparent, easy to pay tax imposed on consumers
2 A new initiative taken by the government to increase the tax-burden of high income groups
3 A single tax that replaces state taxes like, surcharge turnover tax and sales tax, etc.
4 A new tax to be imposed on the producers of capital goods
Ans: 1
Q. The difference between visible exports and visible imports is defined as—
1 Balance of trade
2 Balance of payment
3 Balanced terms of trade
4 Coins from trade
Ans: 1
Q. Given the money wages, if the price level in an economy increases, then the real wages will—
1 Increase
2 Decrease
3 Remain constant
4 Become flexible
Ans: 2
Q. The World Trade Organisation (WTO) was earlier known as—
1 GATT
2 UNICEF
3 UNCTAD
4 FAO
Ans: 1
Q. A firm is in equilibrium when its—
1 Marginal cost equals the marginal revenue
2 Total cost is minimum
3 Total revenue is maximum
4 Average revenue and marginal revenue are equal
Ans: 1
Q. In the law of demand, the statement ‘other things remain constant’ means—
1 Income of consumer should not change
2 Prices of other goods should not change
3 Taste of consumer should not change
4 All of the above
Ans: 4
Q. Special Economic Zones are being set up in—
1 Agra, Kanpur and Modinagar
2 Agra, Kanpur and Greater Noida
3 Meerut, Moradabad, Kanpur and Noida
4 Moradabad, Kanpur, Noida and Greater Noida
Ans: 2
Q. Select the one which is not the responsibility of Gram Sabha under the Rural Employment Guarantee Act, 2005
1 To recommend projects to the Gram Panchayat and prepare list of possible works
2 To receive applications for work and issue a dated receipt
3 To monitor the execution of works within the Gram Panchayat
4 To conduct regular social audits of all the projects taken up with in the Gram Panchayat
Ans: 2
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