2019
Question : Read the following statements of Assertion (A) and Reason(R) and choose the correct alternative: Assertion (A): Consumers are educated that they should use ISI marked electrical appliances as ISI mark gives an assurance of such products meeting quality specifications. Reason (R): Many consumer organisations and business firms are also taking an active part in educating consumers.
Option 1: Both A and R correct and R is the correct explanation of A.
Option 2: A is correct and R is wrong.
Option 3: A is wrong and R is correct
Option 4: Both A and R are correct but R is not the correct explanation of A.
Correct Answer: Both A and R are correct but R is not the correct explanation of A.
Solution : It is the right to safety that consumers are educated that they should use ISI marked electrical appliances as ISI mark gives an assurance of such products meeting quality specifications. It
Question : When was the Prime Minister’s Employment Generation Programme (PMEGP) launched?
Option 1: 2006
Option 2: 2008
Option 3: 2012
Option 4: 2009
Correct Answer: 2008
Solution : The correct answer is 2008.
Prime Minister's Employment Generation Programme (PMEGP) was announced in August 2008. This is a credit-linked scheme of the Government of India. The scheme is formed by merging the Rural Employment Generation Programme (REGP) and Pradhan Mantri Rojgar Yojana (PMRY).
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Question : How many enormous curves can intersect the budget line:
Option 1: One
Option 2: Two
Option 3: Three
Option 4: None of the above.
Correct Answer: One
Solution : The consumer achieves equilibrium at a point on the highest possible indifference curve that fits the consumer's budget given the prices of both commodities. Only when the budget line is tangent to the indifference curve is such a point possible. Therefore, only one indifference curve
Question : Statement 1: The Consumer Protection Act encourages consumers to be responsible while exercising their rights.
Statement 2: It expects consumers to make reasonable and informed choices while purchasing goods and services.
Option 1: Both statement 1 and statement 2 are true.
Option 2: Statement 1 is true, but statement 2 is false
Option 3: Statement 1 is false, but statement 2 is true.
Option 4: Both statement 1 and statement 2 are false.
Correct Answer: Both statement 1 and statement 2 are true.
Solution : The correct answer is (a) Both statement 1 and statement 2 are true.
Statement 1 correctly states that the Consumer Protection Act encourages consumers to be responsible while exercising their rights. While the act grants consumers various rights,
Question : Authorised share capital is also known as:
Option 1: Called up Capital
Option 2: Issued Capital
Option 3: Reserve Capital
Option 4: Nominal Capital
Correct Answer: Nominal Capital
Solution : The amount of share capital that a company may at any time raise by issuing new shares is known as authorised capital, sometimes known as nominal capital, and it is specified in the Memorandum of Association (MOA). A company is not permitted to issue
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