Q:

Where are coins minted in India?

A) Delhi, Mumbai, Kolkata	B) Delhi, Kolkata, Hyderabad
C) Mumbai, Delhi, Bangalore	D) Mumbai, Kolkata, Hyderabad, NOIDA

Answer & Explanation Answer: D) Mumbai, Kolkata, Hyderabad, NOIDA

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Q:

Dominic Ongwen, who was convicted by the International Criminal Court (ICC) for war crimes, is from which country?

A) Uganda	B) Sudan
C) Iraq	D) Nigeria

Answer & Explanation Answer: A) Uganda

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Q:

What title did the British confer Gandhi with, which was relinquished by him?

A) Rai Bahadur	B) Rai Sahib
C) Hind Kesari	D) Kaiser-e-Hind

Answer & Explanation Answer: D) Kaiser-e-Hind

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Q:

Which one of the following indices is now used by the Reserve Bank of India to measure the rate of inflation in India?

A) NASDAQ Index	B) BSE Index
C) Consumer Price Index	D) Wholesale Price Index

Answer & Explanation Answer: C) Consumer Price Index

Explanation:

The Wholesale Price Index (WPI) was main index for measurement of inflation in India till April 2014 when RBI adopted new Consumer Price Index (CPI) as the key measure of inflation.

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Q:

IMF has predicted that the global economy would grow at _______ % in 2017.

A) 5.5	B) 4.5
C) 3.5	D) 2.5

Answer & Explanation Answer: C) 3.5

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Q:

The consumption schedule relates:

A) disposable income to domestic income.	B) consumption to the level of disposable income.
C) consumption to saving.	D) saving to the level of disposable income.

Answer & Explanation Answer: B) consumption to the level of disposable income.

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Q:

In which of the following case, law of demand fails?

A) Giffen goods	B) Normal goods
C) Inferior goods	D) Both Giffen and Inferior goods

Answer & Explanation Answer: A) Giffen goods

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Q:

Which one of the following is not a component of Revenue Receipts of the Union Government?

A) Corporate tax receipts	B) Dividends and profits
C) Disinvestment receipts	D) Interest receipts

Answer & Explanation Answer: C) Disinvestment receipts

Explanation:

Revenue receipts are regular source of Government of India, but Disinvestment receipts are not regular source of Income of Government and all other given are regular

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