Q:

Which one of the following statements is correct?For the purpose of Census 2011

A) a person aged seven and above who can both read and write with understanding in any language is treated as a literate	B) a person aged eightand abovewho can both read and write with understanding in any language is treated as a literate
C) a person aged nine and above who can both read and write with understanding in any language is treated as a literate	D) a person aged ten and above who can bothread and write with understanding in any language is treated as a literate.

Answer & Explanation Answer: A) a person aged seven and above who can both read and write with understanding in any language is treated as a literate

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Q:

Collab is the new music video application launched by which major company?

A) Amazon	B) Apple
C) Microsoft	D) Facebook

Answer & Explanation Answer: D) Facebook

Explanation:

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Q:

The existence of a parallel economy (black money) ___________.

A) makes economy more competitive	B) makes the monetary policies less effective
C) ensures a better distribution of income and wealth	D) ensures increasing productive investment

Answer & Explanation Answer: B) makes the monetary policies less effective

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Q:

In April 2017, N. K. Singh Committee recommended a fiscal deficit of how much percent of GDP by Financial Year 2022-23?

A) 2.50%	B) 3.00%
C) 3.50%	D) 4.00%

Answer & Explanation Answer: A) 2.50%

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Q:

What is a bank rate?

A) Rate at which Central bank of a country advances loans to other banks in the country	B) Rate at which banks advance loans to the customers
C) Rate at which banks lend among themselves	D) Rate at which banks lend to money lenders

Answer & Explanation Answer: A) Rate at which Central bank of a country advances loans to other banks in the country

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Q:

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

A) Equilibrium	B) Excess Demand
C) Excess Supply	D) Marginal Revenue

Answer & Explanation Answer: C) Excess Supply

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Q:

If quantity of good X demanded increases from 4000 units to 5000 units when price of good Y increases from Rs 75 to Rs 90, find Arc Cross elasticity of demand?

A) 0.55	B) 1.66
C) 0.25	D) 1.22

Answer & Explanation Answer: D) 1.22

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Q:

Working capital is a measure of

A) liquidity	B) consistency
C) profitability	D) solvency

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