Questions

Q:

What is the minimum age for getting elected to the Lok Sabha?

A) 18 B) 21
C) 16 D) 25
 
Answer & Explanation Answer: D) 25

Explanation:
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Q:

Who among the following is the vice-chairman of NITI Aayog as of 2018?

A) Narendra Modi B) Ajit Tyagi
C) Rajiv Kumar D) Arving Panagariya
 
Answer & Explanation Answer: C) Rajiv Kumar

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Q:

The banks avail long-term loans from Reserve Bank of India (RBI) by putting no collateral securities. This loan is availed under which of the following lending rates?

A) Bank rate B) Repo rate
C) Reserve repo rate D) Marginal Standing Facily
 
Answer & Explanation Answer: A) Bank rate

Explanation:

The bank rateis the rate of interest at which banks takelong term loansfrom Reserve Bank of India (RBI) by putting no collateral security. It is the rate at which RBI rediscounts the bills of exchange and government securities held by the commercial banks. For controlling the credit, inflation and money supply, RBI increases the bank rate.

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Q:

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

A) 8 percent B) 12.5 percent
C) 10 percent D) 15 percent
 
Answer & Explanation Answer: B) 12.5 percent

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Filed Under: Indian Economy
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Q:

Macro economics deals with

A) the circular flow of income B) the decision making of a single economic variable like demand
C) resource allocation at firm level D) equilibrium prices and quantities
 
Answer & Explanation Answer: A) the circular flow of income

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Q:

Which of the following metals reacts vigorously with cold water?

A) Potassium B) Aluminium
C) Zinc D) Iron
 
Answer & Explanation Answer: A) Potassium

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Filed Under: Chemistry
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Q:

In  which  one  of  the  following  States  is Loktak Lake situated?

A) Sikkim B) Himachal Pradesh
C) Manipur D) Meghalaya
 
Answer & Explanation Answer: C) Manipur

Explanation:

Loktak Lake:the largest freshwater  (sweet)  lake  in  North -East  India,  also  called  the  only Floating  lake  in  the  world  due to the floating phumdis (heterogeneous mass of vegetation,    soil,    and    organic matters    at    various    stages    of decomposition)   on   it,   is   located near   Moirang   in   Manipur   state, India.  The  etymology  of  Loktak  is Lok  =  "stream"  and  tak  =  "the end"

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Filed Under: Indian Geography
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Q:

On which river's bank is Panaji located?

A) Mandovi B) Zuari
C) Sal D) Terekhol
 
Answer & Explanation Answer: A) Mandovi

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Filed Under: Indian Geography
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