Q:

On 26 July 2017, the Parliament passed the Collection of Statistics (Amendment) Bill, 2017. The Bill aims at amending the ______.

A) Collection of statistics Act, 2008	B) Collection of statistics Act, 2015
C) Collection of statistics Act, 2010	D) Collection of statistics Act, 2012

Answer & Explanation Answer: A) Collection of statistics Act, 2008

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Q:

Who is the railway Minister who presented the 2016 Rail Budget?

A) Suresh Prabhu	B) Arun Jaitley
C) Manoj Sinha	D) Jayant Sinha

Answer & Explanation Answer: A) Suresh Prabhu

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Q:

___ soils are red in color and not suitable for agriculture found along the Tamil Nadu, Odisha and small part of Chhotanagpur and Meghalaya.

A) Alluvial soil	B) Red soil
C) Laterite soil	D) Regur soil

Answer & Explanation Answer: C) Laterite soil

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Q:

Which union minister from the Lok Jana Shakti Party belongs to PM Narendra Modi's Cabinet?

A) J.P. Nadda	B) Ram Vilas Paswan
C) Ravi Shankar Prasad	D) Radha Mohan Singh

Answer & Explanation Answer: B) Ram Vilas Paswan

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Q:

Why does a sprinter keep running even after crossing the finishing line?

A) He wants to make sure that he crosses the line	B) Inertia of rest takes some time to make him stop
C) Inertia of motion keeps him moving	D) Friction between his shoes and the ground causes him to move beyond the line

Answer & Explanation Answer: C) Inertia of motion keeps him moving

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Q:

In August 2017, which of the following launched world’s first future contracts in ‘diamonds’?

A) Indian Commodity Exchange (ICEX)	B) Multi Commodity Exchange (MCEX)
C) National Association of Securities Dealers Automated Quotations (NASDAQ)	D) None of these

Answer & Explanation Answer: A) Indian Commodity Exchange (ICEX)

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Q:

Gahirmatha beach, is located in which state?

A) Odisha	B) Madhya Pradesh
C) Tamil Nadu	D) Gujarat

Answer & Explanation Answer: A) Odisha

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Q:

The determinants of aggregate demand

A) Consumption expenditure	B) Investment expenditure
C) Government expenditure	D) All the above

Answer & Explanation Answer: D) All the above

Explanation:

Aggregate demand is the total demand for final goods and services in an economy at a given time.

A.D. = C + I + G + (X-M)

where,

A.D. is Aggregate Demand

C is consumption expenditure

I is Investment expenditure

G is Government expenditure and

(X-M) are Net exports (expenditure on Exports).

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