Questions

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:

In the following question, out of the given four alternatives, select the one which is opposite in meaning of the given word.

 

Rotund

 

A) Fat   B) Broad  
C) Dumpy   D) Slim
 
Answer & Explanation Answer: D) Slim

Explanation:
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

At this moment that (1)/ terrible door burst noisily open and (2)/ banged for the wall. (3)/No Error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

Explanation:
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Q:

The innovation theory of profit was proposed by

A) Marshall B) Clark
C) Schumpeter D) Joan Robbinson
 
Answer & Explanation Answer: C) Schumpeter

Explanation:
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Q:

The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?

A) Macroeconomics B) Econometrics
C) Microeconomics D) Heterodox Economics
 
Answer & Explanation Answer: C) Microeconomics

Explanation:
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Q:

Stagflation exists when _____

A) price indices and output both decrease. B) price indices increase but output decreases.
C) price indices and output both increase. D) price indices decrease but output increases.
 
Answer & Explanation Answer: B) price indices increase but output decreases.

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Q:

Prince of Wales Cup is associated with_____

A) Rugby B) Golf
C) Polo D) Chess
 
Answer & Explanation Answer: B) Golf

Explanation:
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Q:

In how many test matches did Ravichandran Ashwin achieve the feat of becoming the fastest player in the world (in terms of number of matches) to get 300 wickets in test cricket in November 2017?

A) 52 B) 56
C) 54 D) 50
 
Answer & Explanation Answer: C) 54

Explanation:
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