Top 40 General Knowledge Questions

GK Questions in English

31). The cost that changes in proportion to the goods or services that a business produces is termed as________.

(A) Opportunity cost

(B) Average cost

(C) Variable cost

(D) Marginal cost

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32). Which of the following is NOT a potential gain from increased market competition?

(A) Improvements in technology

(B) A better variety of products

(C) A faster pace of invention and innovation

(D) Higher price for consumers

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33). Who among the following was a German philosopher, economist and revolution socialist?

(A) David Ricardo

(B) Karl Marx

(C) Adam Smith

(D) John Maynard Keynes

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34). The existence of Parallel Economy refers to the existence of ________.

(A) Foreign investment

(B) Call money

(C) Hot money

(D) Block money

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35). The availability of goods and services in the marketplace at any given point in time is defined as____________.

(A) Production

(B) Demand

(C) Supply

(D) Equilibrium

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36). The speaker of the Lok Sabha appoints who among the following?

(A) Leader of Opposition

(B) Prime minister

(C) Two members of the Anglo-Indian community

(D) Deputy Speaker of the Lok Sabha

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37). The current President of India is Pranab Mukherjee, who is the ______.

(A) 10th President of India

(B) 12th President of India

(C) 13th President of India

(D) 14th President of India

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38). The ‘Provision of States’ incorporated in the Constitution of India was borrowed from the Constitution of________.

(A) UK

(B) US

(C) Japan

(D) Canada

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39). Who among the following non-members has the right to participate in the proceedings of the Parliament, though not to vote?

(A) RBI Governor

(B) CBI chief

(C) Attorney General

(D) Chief Justice of India

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40). Part XV (Article 324-329) of the Indian Constitution deal with which of the following?

(A) Elections

(B) Tribunals

(C) Official Language

(D) Municipalities

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