GK Quiz Questions for Competitive Exams

GK Quiz Questions for Competitive Exams

1. Externality theory is the basic theory of the following branch of Economics–
(A) Macro Economics (B) Environomics
(C) Fiscal Economics (D) International Economics

Answer: International Economics 

2. Diamonds are priced higher than water because–
(A) consumers do not buy them at lower prices.
(B) they are sold by selected firms with monopolistic powers.
(C) their marginal utility to buyers is higher than that of water.
(D) their total utility to buyers is higher than that of wafer.

Answer: their marginal utility to buyers is higher than that of water.

3. Transboundary pollution (or) Acid rain is caused by–
(A) Nitrogen oxide and sulphur dioxide (B) Carbon monoxide
(C) Carbon dioxide (D) Hydrocarbon

Answer: Nitrogen oxide and sulphur dioxide 

4. “Functional Finance” is associated with–
(A) Abba ‘P’ Lerner (B) Adolph Wogner
(C) Adam Smith (D) Adams

Answer: Abba ‘P’ Lerner 

5. Of the following land uses, which is restricted to Special Economic Zones?
(A) Information Technology Companies (B) Educational Institutions
(C) Free Trade Centres (D) Marketing Centres

Answer: Free Trade Centres 

6. Who amongst the following has been appointed as the new coach of the Indian Cricket team for a period of two years?
(A) Stuart Law (B) Allan Border
(C) Gary Kirsten (D) Duncan Fletcher

Answer: Duncan Fletcher 

7. Which of the following does not have an influence over the climate in India ?
(A) Monsoons (B) Ocean currents
(C) Nearness to equator (D) Presence of Indian Ocean

Answer: Ocean currents 

8. K. Balachander, who was awarded the prestigious Dada Saheb Phalke Award-2010, is basically a/an–
(A) Actor (B) Director
(C) Photographer (D) Music Director

Answer: Director