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Q:

When the productive capacity of the economic system of state is inadequate to create sufficient number of jobs, it is called _______

A) seasonal unemployment B) structural unemployment  
C) disguised unemployment   D) cyclical unemployment
 
Answer & Explanation Answer: D) cyclical unemployment

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Q:

Stagflation is defined as

A) low inflation, low growth, low unemployment B) high inflation, low growth, high unemployment
C) high inflation, high growth, high unemployment D) low inflation, high growth, low unemployment
 
Answer & Explanation Answer: B) high inflation, low growth, high unemployment

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Q:

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

A) 8 percent B) 12.5 percent
C) 10 percent D) 15 percent
 
Answer & Explanation Answer: B) 12.5 percent

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Q:

Which was the capital of the first Sri Lankan kingdom?

A) Jaffna B) Polonnaruwa
C) Anuradhapura D) Kandy
 
Answer & Explanation Answer: C) Anuradhapura

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Q:

Who is the Bengali writer who won the 31st Moortidevi Award for the year 2017?

A) Joy Goswami B) Taslima Nasreen
C) Subhro Bandhopadhyay D) Baby Halder
 
Answer & Explanation Answer: A) Joy Goswami

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Q:

Which of the following is not an agency ofUN?

A) World Bank B) International Atomic Energy Agency
C) Universal Postal Union D) None of the above
 
Answer & Explanation Answer: B) International Atomic Energy Agency

Explanation:

International Atomic Energy Agency. The International Atomic Energy Agency (IAEA) is an international organization that seeks to promote the peaceful use of nuclear energy.

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Q:

On 19 September 2017, Law Ministry approved Fugitive Economic Offenders Bill, 2017. The Bill entrusts the responsibility to try cases of Fugitive Economic Offenders under ______.

A) Prevention of Money Laundering Act, 2002 (PMLA) B) Prevention of Money Laundering Act, 2005
C) Prevention of Money Laundering Act, 2010 D) Prevention of Money Laundering Act, 1995
 
Answer & Explanation Answer: A) Prevention of Money Laundering Act, 2002 (PMLA)

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Q:

Which campaign was launched by Indian govt as a tribute to Mahatma Gandhi?

A) Make in India B) Clean India
C) Skill India D) Digital India
 
Answer & Explanation Answer: B) Clean India

Explanation:

Swachh Bharat Mission or Swachh Bharat Abhiyan or Clean India Mission is a country-wide campaign initiated by the Government of India in 2014 as a tribute to Mahatma Gandhi on his 150th birth anniversary in 2019.

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