Q:

Which of the following is not a greenhouse gas?

A) Carbon dioxide	B) Methane
C) Chlorofluorocarbons	D) Oxygen

Answer & Explanation Answer: D) Oxygen

Explanation:

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Q:

A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.

A) Perfect Competition	B) Monopoly
C) Oligopoly	D) Monopolistic Competition

Answer & Explanation Answer: B) Monopoly

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Filed Under: Indian Economy
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Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases.	B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases.	D) if the price of a good increases, the quantity demanded of that good increases.

Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

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Q:

As per the 2016-17 Budget, the largest source of money to the Government of India is

A) Income Tax	B) Corporation Tax
C) Non-tax revenues	D) Borrowings and other liabilities

Answer & Explanation Answer: D) Borrowings and other liabilities

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Q:

Dominic Ongwen, who was convicted by the International Criminal Court (ICC) for war crimes, is from which country?

A) Uganda	B) Sudan
C) Iraq	D) Nigeria

Answer & Explanation Answer: A) Uganda

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Q:

Which one of the following statements in respect of the States of India is not correct?

A) States in India cannot have their own Constitutions.	B) The State of Jammu and Kashmir has its own Constitution.
C) States in India do not have the right to secede from the Union of India.	D) The maximum number of members in the Council of Ministers of Delhi can be 15 percent of the total number of members in the Legislative Assembly.

Answer & Explanation Answer: B) The State of Jammu and Kashmir has its own Constitution.

Explanation:

There shall be a Council of Ministers consisting of not more than ten per cent (a special provision for Delhi as against the 15 percent clause under 91st Amendment Act)of the total number of members in the Legislative Assembly, with the Chief Minister at the head to aid and advise the Lieutenant Governor in the exercise of his functions in relation to matters with respect to which the Legislative Assembly has power to make laws.

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Q:

In April 2017, on the birth anniversary of Dr. B. R. Ambedkar which body announced the winners of Lucky Draw Schemes like ‘Lucky Grahak Yojana’ and ‘Digi-Dhan Vyapar Yojana’?

A) Reserve Bank of India	B) State Bank of India
C) National Payments Corporation of India	D) No option is correct

Answer & Explanation Answer: C) National Payments Corporation of India

Explanation:

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Q:

The President of India appoints how many Chief Election Commissioner(s)?

A) One	B) Two
C) Three	D) Four

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