Sawaal

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Q:

The minimum price at which I was willing to sell my old TV was Rs 37,000. I quoted Rs 50,000 while selling it, but it sold for Rs 42,000. This transaction generated _____.

A) Rs 5000 worth of consumer surplus B) Rs 8000 worth of consumer surplus
C) Rs 5000 worth of producer surplus D) Rs 8000 worth of producer surplus
 
Answer & Explanation Answer: C) Rs 5000 worth of producer surplus

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Q:

Who decides the Minimum Support Price (MSP) for agricultural crops in India?

A) Ministry of Agriculture   B) NABARD
C) Commission on Agriculture Cost and Price (CACP) D) Ministry of Commerce
 
Answer & Explanation Answer: C) Commission on Agriculture Cost and Price (CACP)

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Q:

If Money supply growth is faster than real GDP growth, it results in _____.

A) Inflation B) deflation
C) budget surplus D) budget deficit
 
Answer & Explanation Answer: A) Inflation

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Q:

With reference to Indian Defence, Arjun Mk1A is a

A) Main Battle Tank B) Fighter jets
C) Unmanned Aerial Vehicle D) Anti-tank Guided Missile
 
Answer & Explanation Answer: A) Main Battle Tank

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Q:

Which aircraft carrier was formally inducted into the Indian Navy by Prime Minister Narendra Modi in the year 2014?

A) INS Vikrant B) INS Vikramaditya
C) INS Viraat D) INS Chakra
 
Answer & Explanation Answer: B) INS Vikramaditya

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Q:

On 5 January 2018, Lok Sabha passed High Court and Supreme Court Judges (Salaries and Conditions of Service) Amendment Bill, 2017. The Bill proposes to hike the salary of Chief Justice of India (CJI) to nearly ______.

 

A) Rs 2.80 lakh per month B) Rs 3.9 lakh per month
C) Rs 2 lakh per month D) Rs 5 lakh per month
 
Answer & Explanation Answer: A) Rs 2.80 lakh per month

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Q:

Which union minister recently launched the NARI portal which focuses on women empowerment?

A) Uma Bharti B) Smriti Irani
C) Nirmala Sitharaman D) Maneka Gandhi
 
Answer & Explanation Answer: D) Maneka Gandhi

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Q:

What is the role of "Ombudsman" in a bank?

A) To provide quality and speedy redressal of grievances of customers. B) To provide suggestions for innovative schemes in the banks.
C) To inspect the internal working of the branches. D) To monitor the poverty alleviation programmes
 
Answer & Explanation Answer: A) To provide quality and speedy redressal of grievances of customers.

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