Q:

Which one of the following indices is now used by the Reserve Bank of India to measure the rate of inflation in India?

A) NASDAQ Index	B) BSE Index
C) Consumer Price Index	D) Wholesale Price Index

Answer & Explanation Answer: C) Consumer Price Index

Explanation:

The Wholesale Price Index (WPI) was main index for measurement of inflation in India till April 2014 when RBI adopted new Consumer Price Index (CPI) as the key measure of inflation.

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Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand	B) Substitution effect
C) Problem of choice	D) Optimal choice

Answer & Explanation Answer: B) Substitution effect

Explanation:

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Q:

In India, which of the following is regulated by the Forward Markets Commission?

A) Currency Futures Trading	B) Commodities Futures Trading
C) Equity Futures Trading	D) Both Commodities Futures and Financial Futures Trading

Answer & Explanation Answer: B) Commodities Futures Trading

Explanation:

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Q:

What was the name of the operation launched by India to help Bangladesh in solving with Rohingya crisis?

A) Operation Saksham	B) Operation Manavata
C) Operation Khushhali	D) Operation Insaniyat

Answer & Explanation Answer: D) Operation Insaniyat

Explanation:

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Q:

Dominic Ongwen, who was convicted by the International Criminal Court (ICC) for war crimes, is from which country?

A) Uganda	B) Sudan
C) Iraq	D) Nigeria

Answer & Explanation Answer: A) Uganda

Explanation:

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Q:

In which of the following case, law of demand fails?

A) Giffen goods	B) Normal goods
C) Inferior goods	D) Both Giffen and Inferior goods

Answer & Explanation Answer: A) Giffen goods

Explanation:

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Q:

Which one of the following is not a component of Revenue Receipts of the Union Government?

A) Corporate tax receipts	B) Dividends and profits
C) Disinvestment receipts	D) Interest receipts

Answer & Explanation Answer: C) Disinvestment receipts

Explanation:

Revenue receipts are regular source of Government of India, but Disinvestment receipts are not regular source of Income of Government and all other given are regular

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Q:

The famous Golconda Fort is situated in the state of

A) Madhya Pradesh	B) Telangana
C) Karnataka	D) Bihar

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