Questions

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
 
Answer & Explanation Answer: C) Demand curve is perfectly elastic

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