Q:

An indifference curve measures the same level of ___________

A) Output from two factors	B) Satisfaction from two commodities
C) Satisfaction from Income and Capital	D) Satisfaction from expenditure and savings

Answer & Explanation Answer: B) Satisfaction from two commodities

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Q:

In 2016, the State Bank of India launched a new product called 'SBI Exclusif'. What is the financial nature of this product?

A) Insurance	B) Mutual Fund Offering
C) Wealth Management	D) Recurring Deposit Scheme

Answer & Explanation Answer: C) Wealth Management

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Q:

Which among the following is an example of micro-economic variable?

A) National Income	B) Aggregate Supply
C) Employment	D) Consumer's Equilibrium

Answer & Explanation Answer: D) Consumer's Equilibrium

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Q:

Which of the following sets of taxes belongs to Central Government?

A) Excise duty, Sales tax and Custom duty	B) Income tax, Custom duty and House tax
C) Excise duty, Custom duty and Income tax	D) Custom duty, Entertainment tax and Income tax

Answer & Explanation Answer: C) Excise duty, Custom duty and Income tax

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Q:

As per Economic survey 2017-18, the percentage contribution of the services sector to India's GDP will be in the range of

A) Between 40-50%	B) Greater than 50%
C) Less than 30%	D) Between 30-40%

Answer & Explanation Answer: B) Greater than 50%

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Q:

If a solution turns blue litmus red, its pH is likely to be

A) 7	B) 8
C) 9	D) 6

Answer & Explanation Answer: D) 6

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Q:

Which union minister recently launched the NARI portal which focuses on women empowerment?

A) Uma Bharti	B) Smriti Irani
C) Nirmala Sitharaman	D) Maneka Gandhi

Answer & Explanation Answer: D) Maneka Gandhi

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Q:

The centre of the reflecting surface of a spherical mirror is called the

A) radius	B) centre of curvature
C) pole	D) focus

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