Transcription of GK Questions Set 1
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GK Questions Set 1
1 General Knowledge Questions and Questions Set 11. Externality theory is the basic theory of the following branchof Economics (A) Macro Economics(B) Environomics(C) Fiscal Economics(D) International EconomicsAns : (D)2. Diamonds are priced higher than water because (A) consumers do not buy them at lower prices.(B) they are sold by selected firms with monopolistic powers.(C) their marginal utility to buyers is higher than that of wa-ter.(D) their total utility to buyers is higher than that of : (C)3. Transboundary pollution (or) Acid rain is caused by (A) Nitrogen oxide and sulphur dioxide(B) Carbon monoxide(C) Carbon dioxide(D) HydrocarbonAns : (A)4.
1 General Knowledge Questions and Answers www.CurrentGK.com www.CurrentGK.com GK Questions Set 1 1. Externality theory is the basic theory of the following branch
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