Questions

Q:

In which of the following market forms, a firm does not exercise control over price?

A) Monopoly B) Perfect competition
C) Oligopoly D) Monopolistic competition
 
Answer & Explanation Answer: B) Perfect competition

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Q:

In May 2017, the Base year of All-Indian WPI (Wholesale Price Index) has been revised from 2004-05 to ______.

A) 2010-11 B) 2015-16
C) 2011-12 D) 2016-17
 
Answer & Explanation Answer: C) 2011-12

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Q:

In general, elasticity is a measure of

A) how firms' profits respond to changes in market prices.  B) the extent to which advances in technology are adopted by producers.
C) how much buyers and sellers respond to changes in market conditions. D) the extent to which a market is competitive. 
 
Answer & Explanation Answer: C) how much buyers and sellers respond to changes in market conditions.

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Q:

When a number is divided by 56, the remainder will be 29. If the same number is divided by 8, then the remainder will be

A) 6 B) 7
C) 5 D) 3
 
Answer & Explanation Answer: C) 5

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Q:

Which country hosted the Asian Women's Boxing Championship in 2017 when India's iconic boxer Mary Kom won gold?

A) Vietnam B) China
C) Indonesia D) Japan
 
Answer & Explanation Answer: A) Vietnam

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Q:

Who took charge as the new Comptroller and Auditor General (CAG) of India in 2017?

A) Achal Kumar Jyothi B) Ranjit Kumar
C) Vivek Goenka D) Rajiv Mehrishi
 
Answer & Explanation Answer: D) Rajiv Mehrishi

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Q:

The Reserve Bank of India (RBI) proposed a four-tier regulatory framework for which type of financial institutions?

A) Foreign Banks B) Small Finance Banks
C) NBFCs D) Payments Banks
 
Answer & Explanation Answer: C) NBFCs

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Q:

On 5 January 2018, Lok Sabha passed High Court and Supreme Court Judges (Salaries and Conditions of Service) Amendment Bill, 2017. The Bill seeks to revise the pension for Chief Justice of India to a maximum of how much amount per annum?

 

A) Rs 16,80,000   B) Rs 20,80,000  
C) Rs 25,80,000   D) Rs 10,80,000  
 
Answer & Explanation Answer: A) Rs 16,80,000  

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