General Knowledge Quiz 72 about India. general knowledge quiz India. Test your general knowledge about India online for free. Free basic GK test online for you. India basic general knowledge quizzes for various entrance exams.
Q. The base year for estimation of GDP in India is –
1. 1999-2000
2. 2000-2001
3. 2004-2005
4. 2006-2007
Ans: 3
Q.In any set of numbers, the geometrical mean exists only when all numbers are –
1. Positive
2. Negative
3. Zero
4. Positive, zero and negative
Ans: 1
Q.Economists who introduced the notion of Human Capital are –
1. Schultz and Gary Becker
2. Marshall and Pigou
3. Hicks and Hansen
4. Stigler and Johnson
Ans: 1
Q.Dead weight loss is equal to –
1. Producer’s Surplus – Consumer’s Surplus
2. Consumer’s Surplus + Producer’s Surplus
3. Marginal Revenue – Marginal Cost
4. Average Revenue + Average Cost
Ans: 1
Q.Marshallian approach is popularly known as –
1. Cardinal utility approach
2. Ordinal utility approach
3. The modern utility approach
4. Indifference curve approach
Ans: 1
Q.The sign of country’s growth is –
1. More and more industries
2. Higher standard of living
3. Higher per capita income
4. More means of transport
Ans: 3
Q.If the total production in an economy is produced by a few big firms then this market is known as –
1. Monopolistic competition
2. Oligopoly
3. Duopoly
4. Discriminating monopoly
Ans: 2
Q.One of the following is average of second order –
1. Arithmetical mean
2. Geometrical mean
3. Second quartile
4. Standard deviation
Ans: 4
Q.Borrowings from foreigners are known as –
1. Export of goods
2. Unrequited receipts
3. Capital receipts
4. Current receipts
Ans: 3
Q.The shape of a frequency curve can not be –
1. U shaped
2. V shaped
3. J shaped
4. S shaped
Ans: 3
