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Q:

The 2018 ASEAN India Film Festival was held in which of the following cities?

A) Lucknow B) New Delhi
C) Pune D) Gurugram
 
Answer & Explanation Answer: B) New Delhi

Explanation:

The ASEAN India Film Festival 2018 was held in New Delhi. It was inaugurated by Information and Broadcasting Minister Col. (Retd) Rajyavardhan Singh Rathore.

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Q:

In November 2017, a report titled ‘Credit Suisse Global Wealth Report’ was released. As per this report, what was approximate total household wealth of India?

 

A) $ 5 Trillion B) $ 1 Trillion
C) $ 10 Trillion D) $ 15 Trillion
 
Answer & Explanation Answer: A) $ 5 Trillion

Explanation:
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Q:

In July 2017, the Central Government has set the investment limit per fiscal year for ‘Hindu Undivided Family’ to ______ kg under ‘Sovereign Gold Bonds Scheme’.

A) 2 B) 10
C) 4 D) 15
 
Answer & Explanation Answer: C) 4

Explanation:
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Q:

What is the name of world’s first artificial intelligence politician developed by New Zealand?

A) NICK B) PAUL
C) SAM D) TOM
 
Answer & Explanation Answer: C) SAM

Explanation:
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Q:

Which is the 1st Central Bank to reach one million followers on twitter?

A) Central Bank of India B) Reserve Bank of India
C) The Bank of Ghana D) Bank of America
 
Answer & Explanation Answer: B) Reserve Bank of India

Explanation:
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Q:

Which bill can be introduced without the prior recommendation of the President of India?

A) Money Bill B) Finance Bill
C) Ordinary Bill D) No option is correct
 
Answer & Explanation Answer: C) Ordinary Bill

Explanation:
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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) I prefer B) this book
C) than that one. D) No error
 
Answer & Explanation Answer: C) than that one.

Explanation:

‘prefer’ is a verb that is always followed by the preposition ‘to’ expressing choice or preference over something else. In this case choice of ‘this book’ over the ‘other’ one. ‘Than’ is used for comparing to options, ‘prefer to’ expresses choice. Correct expression will be ‘to that one’.

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Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive D) When total utility is maximum,marginal and average utility are equal to each other.
 
Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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