Q:

A ___________ deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.

A) Current Account	B) Savings Account
C) Capital Account	D) Asset Account

Answer & Explanation Answer: A) Current Account

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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods	B) Normal goods
C) Complementary goods	D) Substitute goods

Answer & Explanation Answer: A) Inferior goods

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Q:

A minimum wage _____.

A) is the price floor below which workers may not sell their labor	B) is set at a price below the equilibrium wage
C) creates a price ceiling below which the wage cannot legally go	D) decreases unemployment

Answer & Explanation Answer: A) is the price floor below which workers may not sell their labor

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Q:

What is income available with a person after deducting for taxes called?

A) Disposable Income	B) Cash Income
C) Salary	D) General Income

Answer & Explanation Answer: A) Disposable Income

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Q:

NaCl is a salt which is made up of

A) Strong acid and weak base	B) Weak acid and weak base
C) Strong acid and strong base	D) Weak acid and strong base

Answer & Explanation Answer: C) Strong acid and strong base

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Q:

Indian Constitution has how many Schedules?

A) 4	B) 8
C) 12	D) 16

Answer & Explanation Answer: B) 8

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Q:

Indian Government is hopeful of bringing at least one crore subscribers by March 2018 under the Atal Pension Yojana (APY). What is the age limit for APY?

A) 21 to 60 years	B) 18 to 40 years
C) 18 to 45 years	D) 21 to 70 years

Answer & Explanation Answer: B) 18 to 40 years

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Q:

Which is the most powerful piece in a game of chess?

A) King	B) Queen
C) Rook	D) Knight

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