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

Explanation:

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Filed Under: Indian Economy
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Q:

Who is the only Indian economist to have won the Nobel prize?

A) Avinash Dixit	B) Amit Mishra
C) Amartya Sen	D) Abhijit Banerjee

Answer & Explanation Answer: C) Amartya Sen

Explanation:

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Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs	B) price = average profit
C) price = marginal costs = minimum average total costs	D) price = minimum average variable costs

Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Q:

The State Financial Corporations have given assistance mainly to develop___________.

A) agriculture farms	B) cottage industries
C) medium and small-scale industries	D) large scale industries

Answer & Explanation Answer: C) medium and small-scale industries

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Q:

Stagflation exists when _____

A) price indices and output both decrease.	B) price indices increase but output decreases.
C) price indices and output both increase.	D) price indices decrease but output increases.

Answer & Explanation Answer: B) price indices increase but output decreases.

Explanation:

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) I courteously asked him	B) where was he going
C) but he did not reply	D) No error

Answer & Explanation Answer: B) where was he going

Explanation:

The error is in second part. ‘where was he going’ is a question in itself but the given sentence is assertive. So, in the correct form the verb ‘was’ will follow the pronoun ‘he’ as, ‘where he was going’.

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Filed Under: English
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Q:

Name the professional Indian basketball player who became the first ever player to be drafted from India into the National Basketball Association (NBA).

A) SatnamSingh Bhamara	B) Akilan Pari
C) Yadwinder Singh	D) Ajmer Singh

Answer & Explanation Answer: A) SatnamSingh Bhamara

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Filed Under: Sports
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Q:

Which Indian origin actor was honoured with the 'Asian Game Changer Award-2017' by the Asia Society?

A) Aziz Ansari	B) Dev Patel
C) John Browne	D) Nemko Katyal

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