Questions

Q:

Which Part of Indian Constitution contains Article 368 that gives power to the Parliament to do constitutional amendments?

 

A) Part XX   B) Part VII
C) Part XXII   D) Part IX
 
Answer & Explanation Answer: A) Part XX  

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Q:

A grant for expenditure made by Lok Sabha for part of a financial year pending voting is called

A) Cut motion B) Appropriation
C) Prorogation D) Vote on account
 
Answer & Explanation Answer: D) Vote on account

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Q:

Where in the World can we find the Nobel museum?

A) Sweden B) Stockholm
C) Denmark D) London
 
Answer & Explanation Answer: B) Stockholm

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Q:

Who is the Author of the book "You are the Best Wife: A True Love Story"?

A) Durjoy Datta B) Savi Sharma
C) Ajay K Pandey D) Preeti Shenoy
 
Answer & Explanation Answer: C) Ajay K Pandey

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Q:

As per the announcement by the government in August 2017, Banks importing gold and precious metals will have to pay ______ tax under the GST.

 

A) 5%   B) 10%  
C) 3%   D) 8%
 
Answer & Explanation Answer: C) 3%  

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Q:

The minimum price at which I was willing to sell my old TV was Rs 37,000. I quoted Rs 50,000 while selling it, but it sold for Rs 42,000. This transaction generated _____.

A) Rs 5000 worth of consumer surplus B) Rs 8000 worth of consumer surplus
C) Rs 5000 worth of producer surplus D) Rs 8000 worth of producer surplus
 
Answer & Explanation Answer: C) Rs 5000 worth of producer surplus

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Q:

In April 2017, Agriculture Ministry Unveiled Model APMC Act. The new Act proposes to put a Cap on Mandi taxes at what rate (in percent) for food grain?

A) 5 B) 1
C) 2.5 D) 8
 
Answer & Explanation Answer: B) 1

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Q:

In October 2017, Insolvency and Bankruptcy Board of India (IBBI) relaxed norms for information utilities. Listed Indian companies can now hold ______ of the paid-up equity share capital or total voting power rights in such firms.

 

A) 80% B) 90%
C) 100% D) 50%
 
Answer & Explanation Answer: C) 100%

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