Questions

Q:

Which Five Year Plan adopted Indicative Planning in India?

A) 9th B) 4th
C) 3rd D) 8th
 
Answer & Explanation Answer: D) 8th

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Q:

Which one of the following issues was included in the Indo-US Nuclear Agreement of 2007?

A) India has 'advance right to reprocess' US-origin safeguarded spent fuel. B) India did not have the right to build a strategic fuel reserve with the help of the other supplier countries
C) India should not test a nuclear device D) The US will impede with the growth of India's nuclear weapons programme.
 
Answer & Explanation Answer: C) India should not test a nuclear device

Explanation:

The deal would indirectly bring India under purview of NSG and US laws that would not allow India to conduct nuclear test in the future. The issue of nuclear test was later clarified as the moratorium on nuclear test was unilateral and voluntary and there was no pressure on India from outside.

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Q:

Ayodhya Airport in Uttar Pradesh is set to be renamed as

A) Purushottam Sri Ram Airport B) Sri Ram Airport
C) Maryada Purushottam Sri Ram Airport D) Ayodhya Purushottam Sri Ram Airport
 
Answer & Explanation Answer: C) Maryada Purushottam Sri Ram Airport

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Q:

The SI unit of momentum is _____________.

A) kilogram-metre per second B) kilogram-metre per second
C) kilogram-metre-second D) kilogram-metre-second squared
 
Answer & Explanation Answer: A) kilogram-metre per second

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Q:

What does the term 'Call Money' refer to?

A) A loan made for a very short period of a few days or aweek B) Student loans to help cover the cost of highereducation
C) Loans to allow consumers to buy homes they can'tpay for upfront D) Personal loans for any personal expenses which don'thave a designated purpose
 
Answer & Explanation Answer: A) A loan made for a very short period of a few days or aweek

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Q:

Which of the following is called GDP Deflator?

A) Ratio of nominal to real GDP B) Ratio of nominal to real GNP
C) Ratio of nominal to real CPI D) Ratio of real to nominal GNP
 
Answer & Explanation Answer: A) Ratio of nominal to real GDP

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Q:

Which of the following is done at a Stock Exchange ?

A) Commodities are bought and sold at wholesale price B) Commodities are bought and sold at retail price
C) Securities are bought and sold D) None of these
 
Answer & Explanation Answer: C) Securities are bought and sold

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Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores B) Rs 43.5 crores
C) Rs 76.5 crores D) Rs 78.5 crores
 
Answer & Explanation Answer: D) Rs 78.5 crores

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