Q:

Which of the following best defines disposable income?

A) income received by households less personal taxes	B) the before-tax income received by households
C) all income earned by resource suppliers for their current contributions to production	D) the market value of the annual output net of consumption of fixed capital

Answer & Explanation Answer: A) income received by households less personal taxes

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Q:

Which country has released its next-generation 'Xian' H-20 stealth bomber?

A) China	B) USA
C) India	D) Japan

Answer & Explanation Answer: A) China

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Q:

Who is the Union Minister of the Ministry of Commerce and Industry as of February 2018?

A) Suresh Prabhu	B) Sushma Swaraj
C) Anand Geete	D) Uma Bharti

Answer & Explanation Answer: A) Suresh Prabhu

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Q:

What is the code name of world’s largest amphibious aircraft made by China?

A) Kunlong	B) Sea Star
C) Libelle	D) Dornier

Answer & Explanation Answer: A) Kunlong

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Q:

Chinese spacecraft Chang’e 5 has returned to the Earth, carrying samples from which astronomical body?

A) Moon	B) Sun
C) Jupiter	D) Saturn

Answer & Explanation Answer: A) Moon

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Q:

Which one of the following statements is not correct?

A) India joined MTCR in 2016.	B) India submitted a formal application for membership of the NSG in 2016.
C) India proposed the Comprehensive Convention on International Terrorism in 1996.	D) The Common wealth Heads of Government Meeting (CHOGM) was held in 2016 at Malta.

Answer & Explanation Answer: D) The Common wealth Heads of Government Meeting (CHOGM) was held in 2016 at Malta.

Explanation:

The Commonwealth Heads of Government Meeting is held every 2 years. It is the association’s ultimate policy and decision-making forum. The November 2015 Meeting, to be held in Malta, had the theme of ‘Commonwealth –Adding Global Value’.

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Q:

As it relates to international trade, dumping

A) is the practice of selling goods in a foreign market at less than cost.	B) is a form of price discrimination illegal under U.S. antitrust laws.
C) is defined as selling more goods than allowed by an import quota.	D) constitutes a general case for permanent tariffs.

Answer & Explanation Answer: A) is the practice of selling goods in a foreign market at less than cost.

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it byselecting the appropriate option.

I ______ successful, I just know it.

A) would be	B) will be
C) may be	D) can be

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