Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units	B) 4500 units
C) 10500 units	D) 6000 units

Answer & Explanation Answer: D) 6000 units

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

India implemented the GST (Goods and Service Tax) from which month of 2017?

A) January	B) March
C) July	D) September

Answer & Explanation Answer: C) July

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Q:

Under Aajeevika Grameen Express Yojana (AGEY) launched in Aug 2017, the beneficiary will be provided an interest free loan upto ______ for purchase of the vehicle.

A) Rs 6.50 lakh	B) Rs 8.50 lakh
C) Rs 7.50 lakh	D) Rs 9.50 lakh

Answer & Explanation Answer: A) Rs 6.50 lakh

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Filed Under: General Awareness
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Q:

The political system in Afghanistan is known as

A) Islamic State of Afghanistan	B) Islamic Republic of Afghanistan
C) Islamic Emirate of Afghanistan	D) Islamic Government of Afghanistan

Answer & Explanation Answer: C) Islamic Emirate of Afghanistan

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Q:

In August 2017, RBI announced to transfer approximately how much amount for the Financial Year 2016-17 as a dividend to the Government?

A) Rs 30,659 crore	B) Rs 50,650 crore
C) Rs 60,659 crore	D) Rs 70,659 crore

Answer & Explanation Answer: A) Rs 30,659 crore

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Filed Under: Indian Politics
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Q:

In August 2017, who launched ‘S&P BSE Bharat 22 Index’?

A) Asia Index	B) Europe Index
C) Australia Index	D) Africa Index

Answer & Explanation Answer: A) Asia Index

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Q:

Ping-pong Diplomacy is related to which of the following countries?

A) Myanmar	B) Japan
C) China	D) Taiwan

Answer & Explanation Answer: C) China

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Q:

Which of the following has the same unit as energy?

A) Work	B) Power
C) Density	D) Force

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