Q:

A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.

A) Perfect Competition	B) Monopoly
C) Oligopoly	D) Monopolistic Competition

Answer & Explanation Answer: B) Monopoly

Explanation:

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Filed Under: Indian Economy
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Q:

Economic reasoning is based on the premise that

A) only economic decisions or actions have a cost associated with them	B) all decisions and actions have a cost associated with them
C) all decisions or actions are costless because costs shared among decision-makers	D) only decisions or actions that involve money have a cost associated with them

Answer & Explanation Answer: B) all decisions and actions have a cost associated with them

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Q:

Which of the following is used for disinfecting drinking water?

A) Baking powder	B) Bleaching powder
C) Washing soda	D) Baking soda

Answer & Explanation Answer: B) Bleaching powder

Explanation:

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Filed Under: Chemistry
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Q:

National Income refers to ___________

A) money value of goods and services produced in a country during a year	B) money value of stocks and shares of a country during a year
C) money value of capital goods produced by a country during a year	D) money value of consumer goods and services produced in a country during a year

Answer & Explanation Answer: A) money value of goods and services produced in a country during a year

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Q:

In October 2017, RBI planned to make ______ compulsory for companies having aggregate exposure over Rs 5 crore.

A) Index Identifier	B) Economic Fund Identifier
C) Legal Entity Identifier	D) No option is correct

Answer & Explanation Answer: C) Legal Entity Identifier

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Q:

Dipa Karmakar is the first Indian woman to have qualified for Rio Olympic Games in which sport?

A) Archery	B) Boxing
C) Badminton	D) Gymnastics

Answer & Explanation Answer: D) Gymnastics

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Q:

In November 2017, India’s MC Mary Kom won the gold medal at the Asian Boxing Championship, 2017 held at Ho Chi Minh City in Vietnam. In which one of the following categories was she declared winner?

A) 48 kg	B) 51 kg
C) 54 kg	D) 57 kg

Answer & Explanation Answer: A) 48 kg

Explanation:

Indian sporting legend M.C. Mary Kom (48kg) clinched an unprecedented fifth gold medal but Sonia Lather (57kg) settled for silver at the ASBC Asian Confederation women’s boxing championships.This was Mary Kom’s first international gold medal since the 2014 Asian Games.

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Q:

When a number is divided by 63 the remainder is obtained as 26. What will be the remainder when the number is divided by 3?

A) 1	B) 2
C) 3	D) 5

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