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Q:

The minimum price at which I was willing to sell my old TV was Rs 37,000. I quoted Rs 50,000 while selling it, but it sold for Rs 42,000. This transaction generated _____.

A) Rs 5000 worth of consumer surplus B) Rs 8000 worth of consumer surplus
C) Rs 5000 worth of producer surplus D) Rs 8000 worth of producer surplus
 
Answer & Explanation Answer: C) Rs 5000 worth of producer surplus

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Filed Under: Indian Economy
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Q:

Syngamy is defined as

A) the fission of one egg B) the fusion of one of the sperms with the synergid
C) the fission of one sperm D) the fusion of one of the sperms with the egg
 
Answer & Explanation Answer: D) the fusion of one of the sperms with the egg

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Q:

Who is the Author of the book "You are the Best Wife: A True Love Story"?

A) Durjoy Datta B) Savi Sharma
C) Ajay K Pandey D) Preeti Shenoy
 
Answer & Explanation Answer: C) Ajay K Pandey

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Q:

India-born Leo Varadkar became the Prime Minister of which of the following countries?

A) Sri Lanka B) Scotland
C) South Africa D) Ireland
 
Answer & Explanation Answer: D) Ireland

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Q:

Who is the Home Minister of India as of February 2018?

A) Rajnath Singh B) Sushma Swaraj
C) Narendra Modi D) Arun Jaitley
 
Answer & Explanation Answer: A) Rajnath Singh

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Q:

The World Health Organization (WHO) has collaborated with which company to distribute Covid vaccines under Covax alliance?

A) Roche B) Pfizer
C) Merck D) Johnson & Johnson
 
Answer & Explanation Answer: B) Pfizer

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Q:

Who is the current chairman of All India Council for Technical Education (AICTE)?

A) Anil Sahasrabudhe B) Najma Heptulla
C) Pritam Singh D) Srikant Datar
 
Answer & Explanation Answer: A) Anil Sahasrabudhe

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Q:

Who decides the Minimum Support Price (MSP) for agricultural crops in India?

A) Ministry of Agriculture   B) NABARD
C) Commission on Agriculture Cost and Price (CACP) D) Ministry of Commerce
 
Answer & Explanation Answer: C) Commission on Agriculture Cost and Price (CACP)

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