Q:

Ram Nath Kovind, the Indian President as of February 2018, hails from which state?

A) Punjab	B) Uttar Pradesh
C) Gujarat	D) Rajasthan

Answer & Explanation Answer: B) Uttar Pradesh

Explanation:

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Q:

Which of the following classifications is based on atomic numbers?

A) Mendeleev's Periodic Table	B) Modern Periodic Table
C) Newlands Law of Octaves	D) Dobereiner's Law of Triads

Answer & Explanation Answer: B) Modern Periodic Table

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Q:

Rupee 5 and 10 coins are now made of

A) Ferritic stainless steel	B) Silver and steel
C) Cupro nickel alloy	D) Copper and brass

Answer & Explanation Answer: C) Cupro nickel alloy

Explanation:

The copper nickel alloys composed of copper with 25% nickel with 0.05-0.4% manganese is commonly used for the manufacture of coins, medals and other semi valuable applications.

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Q:

Irfaan loves black coffee. A roadside stall selling a cup of black coffee at Rs. 120, offered 25% discount to Irfaan. If Irfaan was willing to pay even Rs. 200 for this cup of black coffee, Irfaan's consumer surplus is

A) 90	B) 80
C) 30	D) 110

Answer & Explanation Answer: D) 110

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Q:

The major objective of monetary policy is to

A) increase government's tax revenue	B) revamp the Public Distribution System
C) Promote economic growth with price stability	D) weed out corruption in the economy

Answer & Explanation Answer: C) Promote economic growth with price stability

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Q:

Which of the following statements is incorrect, if resources were unlimited?

A) there would still be scarcity and opportunity costs	B) there would still be scarcity but no opportunity costs
C) there would be no scarcity, but there would be opportunity costs.	D) there would neither be scarcity nor opportunity costs

Answer & Explanation Answer: C) there would be no scarcity, but there would be opportunity costs.

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Q:

‘FRDI’ Bill, 2017 aims to protect the stability of the financial system. Once enacted, FRDI Bill 2017 will be replacing ______.

A) Deposit Insurance and Credit Guarantee Corporation Act, 1961	B) Deposit Guarantee Corporation Act, 1980
C) Credit Guarantee Corporation Act, 1990	D) No option is correct

Answer & Explanation Answer: A) Deposit Insurance and Credit Guarantee Corporation Act, 1961

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Q:

Which Part of Indian Constitution contains Article 368 that gives power to the Parliament to do constitutional amendments?

A) Part XX	B) Part VII
C) Part XXII	D) Part IX

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