1. In which of the following case, law of demand fails?
(a) Giffen goods
(b) Normal goods
(c) Inferior goods
(d) Both Giffen and Inferior goods
2. Match the following.
1. Oligopoly a.Large number of sellers and buyers
2.Monopoly b.A few big sellers and a large number of buyers
3.Perfect Competition c.One seller but large number of buyers
(a) 1-b, 2-c, 3-a
(b) 1-c, 2-a, 3-b
(c) 1-a, 2-b, 3-c
(d) 1-b, 2-a, 3-c
3. How many fundamental Rights are mentioned in Indian constitution?
4. Which of the following Article/Articles cannot be suspended even during emergency?
(a) Article 19
(b) Article 20 and 21
(c) Article 22 and 23
(d) Article 24 and 25
5. Who was the first Viceroy of India?
(a) Lord Canning
(b) Lord Curzon
(c) Lord Wavell
(d) Lord Mountbatten
6. Who wrote ‘Nyaya Sutra’?
7. Earth’s deepest point in water is Mariana trench. It is located in which of the following oceans?
(a) Atlantic Ocean
(b) Arctic Ocean
(c) Indian Ocean
(d) Pacific Ocean
8. Masai is a tribe of which of the following country?
9. With which of the following body organ is ‘pace-maker’ associated?
10. Haemoglobin is an important component of _______.
(a) white blood cells
(b) red blood cells
(d) All options are correct
1. (a); The law of demand is a microeconomic law that states, all other factors being equal, as the price of a good or service increases, consumer demand for the good or service will decrease, and vice versa.But in Gifffen Goods a higher price causes an increase in demand (reversing the usual law of demand). The increase in demand is due to the income effect of the higher price outweighing the substitution effect.
2. (a); An oligopoly is a market form where in a market or industry is dominated by a small number of sellers and large number of buyers.A monopoly is a form of market having one or two firms dominate the market but there are large number of buyers.In Perfect Competition Market there are large number of sellers and buyers.
3. (b); The Constitution guarantees six fundamental rights to Indian citizens as follows: (i) right to equality, (ii) right to freedom, (iii) right against exploitation, (iv)right to freedom of religion, (v) cultural and educational rights, and (vi) right to constitutional remedies.
4. (b); The 44th amendment of the constitution took place in 1978 and article 359 was amended and it provided that article 20&21 could not be suspended even during declaration of emergency.
5. (a); Charles John Canning was the first viceroy of India.He was Governor General of India from 1856 and after passing of Government of India Act 1858 which created office of Viceroy,he became the first Viceroy of India.
6. (b); The Nyaya Sutras is an ancient Indian Sanskrit text composed by Akṣapada Gautama, and the foundational text of the Nyaya school of Hindu philosophy.
7. (d); The Mariana Trench or Marianas Trench is the deepest part of the world’s oceIt reaches a maximum-known depth of 10,994 metres (36,070 ft).It is in the pacific ocean.
8. (a); The Maasai are a Nilotic ethnic group inhabiting southern Kenya and northern Tanzania. They are among the best known local populations due to their residence near the many game parks of the African Great Lakes, and their distinctive customs and dress
9. (c); A pacemaker is a small device that’s placed in the chest or abdomen to help control abnormal heart rhythms. This device uses electrical pulses to prompt the heart to beat at a normal rate.
10. (b); Hemoglobin is the protein molecule in red blood cells that carries oxygen from the lungs to the body’s tissues and returns carbon dioxide from the tissues back to the lungs.