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Q:

In 2015, the nominal rate of interest in a country was 8% and the inflation rate then was 2.5%. So real rate of interest in 2015 was

A) 3.2 percent B) 10.5 percent
C) 8 percent D) 5.5 percent
 
Answer & Explanation Answer: D) 5.5 percent

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Q:

Who is the CEO of the Unique Identification Authority of India (UIDAI) as of February 2018?

A) Ajay Bhushan Pandey B) Anil Dhasmana
C) Nandan Nilekani D) Ajit Doval
 
Answer & Explanation Answer: A) Ajay Bhushan Pandey

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Q:

The energy stored in a dry cell is in the form of

A) Potential energy B) Chemical energy
C) Kinetic energy D) Nuclear energy
 
Answer & Explanation Answer: B) Chemical energy

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Q:

At which rate, Reserve Bank of India borrows money from commercial banks?

A) Bank Rate B) Repo Rate
C) Reverse Repo Rate D) Statutory Liquidity Rate
 
Answer & Explanation Answer: C) Reverse Repo Rate

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Q:

Which of the following Five Year Plan can be strategically associated with the Green Revolution?

A) Second Five Year Plan B) Seventh Five Year Plan
C) Fourth Five Year Plan D) Sixth Five Year Plan
 
Answer & Explanation Answer: C) Fourth Five Year Plan

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Q:

Which one is not the key objective of the Jan Aushadhi Campaign?

A) Make quality the hallmark of medicine availability B) Redefine the unit cost of treatment per person
C) Develop a model which can be replicated only in India D) To be adopted by the Private Sector also
 
Answer & Explanation Answer: C) Develop a model which can be replicated only in India

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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

"Residex Index" is associated with which of these?

A) Share Prices B) Mutual Fund Prices
C) Price Inflation Index D) Housing Prices
 
Answer & Explanation Answer: D) Housing Prices

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