Questions

Q:

Which of the following is an award given by the Government of India to recognize outstanding achievement in National sports?

A) Ashok Chakra B) Dada Saheb Phalke Awards
C) Arjuna Award D) Padma Shri
 
Answer & Explanation Answer: C) Arjuna Award

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Q:

In which year, was the Noble Peace Prize jointly given to Kailash Satyarthi and Malala Yousafzai?

A) 2012 B) 2013
C) 2014 D) 2015
 
Answer & Explanation Answer: C) 2014

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Q:

Who gave the title of Raja to Ranjit Singh?

A) Diwan Shah B) Lord Lake
C) Zaman Shah D) King of Kashmir
 
Answer & Explanation Answer: C) Zaman Shah

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Q:

_____, a Muslim saint, lived at the place where Fatehpur Sikri was built.

A) Baba Fakruddin B) Nizamuddin Auliya
C) Nasiruddin Chirag Dehlavi D) Sheikh Salim Chisti
 
Answer & Explanation Answer: D) Sheikh Salim Chisti

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Q:

Open Market Operations refer to __________

A) Borrowings by Scheduled banks from RBI B) Lending by Commercial banks to industry
C) Purchase and sale of Government securities by RBI D) Deposit mobilisation
 
Answer & Explanation Answer: C) Purchase and sale of Government securities by RBI

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Q:

Which   one   of   the   following   is   not   a component  of  Revenue  Receipts  of  the Union Government?

A) Corporate tax receipts B) Dividends and profits
C) Disinvestment receipts D) Interest receipts
 
Answer & Explanation Answer: C) Disinvestment receipts

Explanation:

Revenue    receipts    are    regular source of Government of India, but Disinvestment   receipts   are   not regular    source    of    Income    of Government  and  all  other  given are regular

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Q:

What situation would result if Government expenditure exceeds the Government revenue on Current Account?

A) Deficit budgeting B) Zero­based budgeting
C) Performance­based budgeting D) Surplus budgeting
 
Answer & Explanation Answer: A) Deficit budgeting

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Q:

If price of an article decreases from Rs P1 to Rs 75, quantity demanded increases from 1000 units to 1200 units. If point elasticity of demand is ­3.2 findmP1?

A) Rs 85 B) Rs 80
C) D) Rs 95
 
Answer & Explanation Answer: B) Rs 80

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