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

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

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

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

(A) Foreign investment

(B) Call money

(C) Hot money

(D) Block money

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

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

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

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

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

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