10000 Questions for Prelims 2020 | Prelims 2020 Marathon
Dear Friends,
Let is share and post / paste here questions of various test series . If we crowd source enough, we know that questions will come from here. There was a thread of crowd sourced questions in the past, where @wunwun @burger @pizza and all had contributed and that year we had many questions come from there.
Let us start this initiative. Also please follow the convention followed last year by @neyawn Sir, let us number the questions in a serial number.
Here I am starting
#1Choose correct statements
1) M N Roy was the founder of Communism in India
2) M N Roy first mooted the idea of Constituent Assembly
3) Patel was the Chairman of Committee on negotiating with states
4) Nehru was the Chairman of Drafting Committee
Select correct
a) 1 and 2 only
b) 2 and 3 only
c) 2 and 4 only
d) None of t
All of the goods which are scarce and limited in supply are called
A. Luxury goods
B. Expensive goods
C. Capital goods
D. Economic goods
D?
Correct.
Economic good is a good or service that has a benefit (utility) to society. Also, economic goods have a degree of scarcity and therefore an opportunity cost.
The process of curing inflation by reducing money supply is called
A. Cost-push inflation
B. Demand-pull inflation
C.Disinflation
D. Reflation
C?
Correct. Disinflation is a temporary slowing of the pace of price inflation. It is used to describe instances when the inflation rate has reduced marginally over the short term.
All of the goods which are scarce and limited in supply are called
A. Luxury goods
B. Expensive goods
C. Capital goods
D. Economic goods
D?
A?
Incorrect.
Answer is D - Economic Goods.
Economic goods are those which have a price and their supply is less in relation to their demand or is scarce. The production of such goods requires scarce resources having alternative uses. For example, land is scarce and is capable of producing rice or sugarcane. If a farmer wants to produce rice he will have to forgo the production of sugarcane. The price of rice equals the production of sugarcane forgone by the farmer. Thus economic goods relate to the problem of economizing scarce resources for the satisfaction of human wants.
Luxury goods, also called superior goods, are products with a demand that is directly related to consumer income exponentially. In other words, when consumer income increases, they purchase more of these goods and vice versa.
With respect to HOPE SPACECRAFT,choose incorrect statements
1.it is being sent by saudi arabia with help of the USA
2."hope" name suggests inspiration for the arab world.
3.it will put a rover on the surface and observer in the orbit to study mars
A.1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D.all of the above.
With respect to HOPE SPACECRAFT,choose incorrect statements
1.it is being sent by saudi arabia with help of the USA
2."hope" name suggests inspiration for the arab world.
3.it will put a rover on the surface and observer in the orbit to study mars
A.1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D.all of the above.
C.
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