Oligopoly has no barriers to entry.
- True
- False
Answer: False
Oligopoly has significant barriers to entry.
True/False – GK Questions
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Price taker exists in monopoly.
- True
- False
Answer: False
A monopolist is a price maker, not a price taker.
Monopoly has close substitutes.
- True
- False
Answer: False
Monopoly is characterized by having no close substitutes.
Necessities have highly elastic demand.
- True
- False
Answer: False
Necessities have highly inelastic demand.
Indifference curves intersect.
- True
- False
Answer: False
ICs never intersect due to the property of transitivity.
Cardinal utility is measurable.
- True
- False
Answer: True
Cardinal approach assigns exact numerical values to utility.
Complementary goods have positive cross elasticity.
- True
- False
Answer: False
Complements have negative cross elasticity.
Movement along demand curve is due to change in price.
- True
- False
Answer: True
Shifts are due to non-price factors like income.
Demand curve slopes upward.
- True
- False
Answer: False
Demand curve slopes downward from left to right.
The 'Magical Realism' movement in literature is exclusively a European phenomenon that originated in 19th-century France.
- True
- False
Answer: False
While the term was coined by German art critic Franz Roh, Magical Realism as a literary movement is most famously associated with the Latin American Boom (e.g., Gabriel García Márquez, Alejo Carpentier) in the mid-20th century.
A 'foil' character is one who contrasts sharply with another character (usually the protagonist) in order to highlight particular qualities of the other character.
- True
- False
Answer: True
For example, Dr. Watson serves as a foil to Sherlock Holmes, highlighting Holmes's eccentric genius through Watson's grounded, conventional perspective.
Kamala Markandaya's 'Nectar in a Sieve' was shortlisted for the Booker Prize in its inaugural year, 1969.
- True
- False
Answer: False
'Nectar in a Sieve' was published in 1954, long before the Booker Prize was established in 1969. It was, however, an ALA Notable Book and a massive bestseller.
Polish author Olga Tokarczuk was awarded the 2018 Nobel Prize in Literature for her 'narrative imagination that with encyclopedic passion represents the crossing of boundaries as a form of life'.
- True
- False
Answer: True
Olga Tokarczuk, known for 'Flights' and 'The Books of Jacob', won the 2018 prize (awarded in 2019 after the Swedish Academy scandal).
Assamese poet Nilmani Phookan was awarded the 57th Jnanpith Award (for the year 2021), making him the third Assamese writer to receive this honor.
- True
- False
Answer: True
Nilmani Phookan won the 2021 Jnanpith. Birendra Kumar Bhattacharya (1979) and Indira Goswami (2000) were the previous Assamese winners.
The 'Bhattikavya', written by Bhatti in the 7th century, is unique because it serves a dual purpose: it narrates the story of Rama while simultaneously illustrating the rules of Sanskrit grammar (Panini's Ashtadhyayi).
- True
- False
Answer: True
The 'Bhattikavya' is a pedagogical epic designed to teach Paninian grammar through the narrative of the Ramayana, making it a masterpiece of didactic literature.
The 'Poetic Edda' is a collection of Old Norse poems that serves as the primary source for Norse mythology, including tales of Odin, Thor, and Ragnarok.
- True
- False
Answer: True
Compiled in the 13th-century Icelandic manuscript Codex Regius, the Poetic Edda preserves ancient pagan myths and heroic legends of the Norse people.
Madhavdev was the chief disciple of Sankardev and authored the 'Namaghoṣa', a foundational text of Assamese neo-Vaishnavism.
- True
- False
Answer: True
Madhavdev's 'Namaghoṣa' (The Proclamation of the Name) is a masterpiece of devotional literature, emphasizing the chanting of God's name as the path to salvation.
Basavanna, the 12th-century philosopher and statesman who founded the Lingayat sect, composed his devotional poetry in the highly formalized Sanskrit language.
- True
- False
Answer: False
Basavanna deliberately composed his 'Vachanas' in simple, everyday Kannada so that his message of social equality and devotion could reach the common masses, bypassing the Brahminical monopoly on Sanskrit.
Lalleshwari, popularly known as Lal Ded, was a 14th-century Kashmiri mystic of the Kashmir Shaivism school who created the poetic form called 'Vakhs'.
- True
- False
Answer: True
Lal Ded's 'Vakhs' (four-line stanzas) are foundational to Kashmiri literature and language, blending Shaivite philosophy with Sufi mysticism.
The famous Hindi Chhayavad poet 'Nirala' was originally named Suryakant Tripathi.
- True
- False
Answer: True
Suryakant Tripathi 'Nirala' (meaning 'unique' or 'strange') was a revolutionary figure in Hindi literature, known for his free verse and rebellious spirit.