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:

Which of the following best defines free trade?

A) Imports are discouraged	B) There are no restrictions on exports and imports
C) There are no duties levied on export	D) Imported goods are made duty free

Answer & Explanation Answer: B) There are no restrictions on exports and imports

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Q:

Price elasticity of demand is generally

A) tends to be smaller in the short run than in the long run.	B) tends to be smaller in the long run than in the short run.
C) tends to be unrelated to the length of time.	D) tends to be larger in the short run than in the long run.

Answer & Explanation Answer: A) tends to be smaller in the short run than in the long run.

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Q:

Name the spiritual leader who was honoured with a humanitarian award by a prominent Jewish human rights organisation for promoting human dignity, interfaith relations and tolerance among people.

A) Asharam Bapu	B) Baba Ramdev
C) Sri Sri Ravi Shankar	D) Morari Bapu

Answer & Explanation Answer: C) Sri Sri Ravi Shankar

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Filed Under: Honours and Awards
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Q:

Released in 2016, which of the following is the first Malayalam movie to cross the 100-crore revenue mark?

A) Drishyam	B) Oru Vadakkan Selfie
C) Pulimurugan	D) Premam

Answer & Explanation Answer: C) Pulimurugan

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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:

Which of the following statements is true?

A) In grasshoppers and some insects, the male has only four sex chromosomes	B) A male individual contains one X and two Y chromosomes
C) In human beings, there are 46 chromosomes, of which 42 (21 pairs) are autosomes	D) In diploid organisms having separate sexes, a specific pair of chromosomes in each diploid cell determines the sex of the individual, they are called sex chromosomes.

Answer & Explanation Answer: D) In diploid organisms having separate sexes, a specific pair of chromosomes in each diploid cell determines the sex of the individual, they are called sex chromosomes.

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

On 2 January 2018, Parliament Passed Insolvency and Bankruptcy Code (IBC) amendment Bill, 2017. The Bill seeks to amend ______.

A) IBC, 2015	B) IBC, 2016
C) IBC, 2014	D) IBC, 2013

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