Q:

What is a bank rate?

A) Rate at which Central bank of a country advances loans to other banks in the country	B) Rate at which banks advance loans to the customers
C) Rate at which banks lend among themselves	D) Rate at which banks lend to money lenders

Answer & Explanation Answer: A) Rate at which Central bank of a country advances loans to other banks in the country

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Q:

Who presented the first Union budget of independent India?

A) Morarji Desai	B) John Mathai
C) TT Krishnamachari	D) RK Shanmukham Chetty

Answer & Explanation Answer: D) RK Shanmukham Chetty

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Q:

IMF has predicted that the global economy would grow at _______ % in 2017.

A) 5.5	B) 4.5
C) 3.5	D) 2.5

Answer & Explanation Answer: C) 3.5

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Q:

If the average total cost are Rs 54, total fixed cost is Rs 45000 and quantity produced is 2500 units, find the average variable costs (in Rs) of the firm?

A) 24	B) 18
C) 36	D) 60

Answer & Explanation Answer: C) 36

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Q:

The number of days' sales uncollected is calculated by

A) Dividing accounts receivable by net sales and multiplying by 365.	B) Dividing net sales by accounts receivable and multiplying by 365.
C) Dividing accounts receivable by net sales.	D) Dividing net sales by accounts receivable.

Answer & Explanation Answer: A) Dividing accounts receivable by net sales and multiplying by 365.

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Q:

_____ is the cell organelle, in which the biochemical processes of respiration and energy production occur.

A) Mitochondria	B) Chloroplast
C) Ribosomes	D) Nucleus

Answer & Explanation Answer: A) Mitochondria

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Q:

To commemorate the 75th anniversary of Quit India Movement, which program was organized by the Central Government in August 2017?

A) Sankalp se Shakti	B) Sankalp se Siddhi
C) Saavdhani se Suraksha	D) Sangharsh se Saksham

Answer & Explanation Answer: B) Sankalp se Siddhi

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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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