General Ability Test Topics
School level (Class 6–12) — General Ability Test
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English
General Knowledge
Physics Basics
Chemistry Basics
History & Geography
quiz Questions
Q91
A market situation with single seller is called
Monopoly
Primary deficit
Fiscal deficit
Revenue deficit
Explanation
Monopoly refers to one seller and many buyers.
Q92
A market with many buyers and many sellers is
Revenue deficit
Primary deficit
Fiscal deficit
Perfect competition
Explanation
Perfect competition has numerous buyers and sellers with homogeneous product.
Q93
Price elasticity of demand measures responsiveness of
Revenue deficit
Demand to price changes
Fiscal deficit
Primary deficit
Explanation
PED shows percentage change in quantity demanded due to price change.
Q94
National income in India is measured mainly by
Central Statistics Office
Primary deficit
Fiscal deficit
Revenue deficit
Explanation
MoSPI through National Statistical Office compiles national accounts.
Q95
GDP stands for
Gross Domestic Product
Revenue deficit
Primary deficit
Fiscal deficit
Explanation
GDP is total value of final goods and services produced within a country.
Q96
GNP is GDP plus
Fiscal deficit
Revenue deficit
Net factor income from abroad
Primary deficit
Explanation
GNP includes income residents earn from abroad net of payments out.
Q97
Inflation means sustained rise in
General price level
Primary deficit
Fiscal deficit
Revenue deficit
Explanation
Inflation is persistent increase in overall price level.
Q98
Deflation means
Revenue deficit
Primary deficit
Fiscal deficit
Sustained fall in general price level
Explanation
Deflation is opposite of inflation.
Q99
SI unit of force is
Watt
Newton
Joule
Pascal
Explanation
Force is measured in newton in SI system.
Q100
SI unit of work is
Joule
Newton
Pascal
Watt
Explanation
Work and energy are measured in joule.