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:

The 'Father of Indian Space Program' is

A) Dr. A.P.J. Abdul kalam	B) Dr. Vikram A. Sarabhai
C) Dr. K. Kasturirangan	D) Prof. Satish Dhawan

Answer & Explanation Answer: B) Dr. Vikram A. Sarabhai

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Q:

In August 2017, National Highway Authority of India (NHAI) launched two mobile apps named ‘MyFASTag’ and ‘______’.

A) FASTag Lane	B) FASTag Partner
C) FASTag First	D) FASTag Life

Answer & Explanation Answer: B) FASTag Partner

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Q:

Backward bending supply curve belongs to which market?

A) Capital	B) Labour
C) Money	D) Inventories

Answer & Explanation Answer: C) Money

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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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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:

In perfect competition _____.

A) Products can be similar or different	B) Producer can control price by controlling production
C) Demand curve is perfectly elastic	D) All firms make economic profit in the long run

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