Q:

Who is the Union Minister of the Ministry of Commerce and Industry as of February 2018?

A) Suresh Prabhu	B) Sushma Swaraj
C) Anand Geete	D) Uma Bharti

Answer & Explanation Answer: A) Suresh Prabhu

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Filed Under: Indian Politics
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Q:

Apollo 11, the first artificial satellite that landed humans on moon, was launched in which year?

A) 1975	B) 1968
C) 1969	D) 1958

Answer & Explanation Answer: C) 1969

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Q:

Which institution in India acts as 'lender of the last resort'?

A) Finance Ministry	B) Reserve Bank of India
C) Treasury	D) Currency Printing Presses

Answer & Explanation Answer: B) Reserve Bank of India

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Filed Under: Business Awareness
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Q:

The consumption and saving schedules reveal that the:

A) MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line.	B) MPC is equal to or greater than one at all income levels.
C) MPC is greater than zero, but less than one.	D) APS is positive at all income levels.

Answer & Explanation Answer: C) MPC is greater than zero, but less than one.

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Filed Under: Indian Economy
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Q:

Which among the following is an example of micro-economic variable?

A) National Income	B) Aggregate Supply
C) Employment	D) Consumer's Equilibrium

Answer & Explanation Answer: D) Consumer's Equilibrium

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Q:

Government borrowing to finance budget deficits _____.

A) will exert downward pressure on interest rates	B) will have no effect on interest rates
C) will increase supply of loanable funds	D) will put upward pressure on interest rates

Answer & Explanation Answer: D) will put upward pressure on interest rates

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Q:

Recession is ___________.

A) reduction in production and employment for want of sufficient demand for goods	B) rise in the cost of production, especially because of wage increase
C) increase in money supply without a matching increase in production	D) No option is correct

Answer & Explanation Answer: A) reduction in production and employment for want of sufficient demand for goods

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Q:

For dilution of a concentrated acid, we should add:

A) water into the diluted acid	B) water into the concentrated acid
C) first water into the acid and then more acid into the water	D) concentrated acid into water

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