Q:

‘FRDI’ Bill, 2017 aims to protect the stability of the financial system. Once enacted, FRDI Bill 2017 will be replacing ______.

A) Deposit Insurance and Credit Guarantee Corporation Act, 1961	B) Deposit Guarantee Corporation Act, 1980
C) Credit Guarantee Corporation Act, 1990	D) No option is correct

Answer & Explanation Answer: A) Deposit Insurance and Credit Guarantee Corporation Act, 1961

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Q:

Who is the newly appointed Foreign Secretary of India who took charge in early 2018?

A) Vijay Keshav Gokhale	B) Usha Rani
C) Nitin Kumar Yadav	D) Rajni Sekhri Sibal

Answer & Explanation Answer: A) Vijay Keshav Gokhale

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Q:

Which Indian Chief Minister won the the 2017 Outlook Speakout Award?

A) Mamata Banerjee	B) Nitish Kumar
C) Naveen Patnaik	D) Devendra Fadnavis

Answer & Explanation Answer: C) Naveen Patnaik

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Q:

All of the following are true about ecosystems except

A) they represent the lowest level of biological organization that is known	B) there is a transfer of energy through the system and it is lost
C) the ultimate source of energy is the sun for nearly all known ecosystems	D) they contain both living and nonliving components

Answer & Explanation Answer: A) they represent the lowest level of biological organization that is known

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Filed Under: General Science
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Q:

How many constellations have been named?

A) 88	B) 99
C) 90	D) 87

Answer & Explanation Answer: A) 88

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Q:

The demand for a normal good decreases with ________ in the consumer's income.

A) increase	B) decrease
C) constant	D) double

Answer & Explanation Answer: B) decrease

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Filed Under: Indian Economy
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Q:

A price floor is _____.

A) a maximum legal price	B) a minimum legal price
C) the price where demand equals supply	D) the price where elasticity of demand equals elasticity of supply

Answer & Explanation Answer: B) a minimum legal price

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Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores	B) Rs 43.5 crores
C) Rs 76.5 crores	D) Rs 78.5 crores

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