Q:

‘Capital gains’ refers to goods which

A) serve as a source of raising further capital	B) help in the further production of goods
C) directly go into the satisfaction of human wants	D) find multiple uses

Answer & Explanation Answer: B) help in the further production of goods

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Filed Under: Indian Economy
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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45	B) 0.55
C) 2	D) 1.25

Answer & Explanation Answer: B) 0.55

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Q:

Winner of 2015 "United Nations Champions of the Earth" award in the category Policy Leadership is ___.

A) Sheikh Hasina	B) Paul Polman
C) Narendra Modi	D) Barack Obama

Answer & Explanation Answer: A) Sheikh Hasina

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Filed Under: Honours and Awards
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Q:

Centigrade, is the unit of measurement of temperature named after whom?

A) Kelvin	B) Jean-Pierre Christin
C) Marten Stromer	D) Anders Celcius

Answer & Explanation Answer: D) Anders Celcius

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Filed Under: Famous Personalities
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Q:

Who is the CEO of Flipkart in 2016?

A) Ananth Narayanan	B) Mukesh Bansal
C) Binny Bansal	D) Sachin Bansal

Answer & Explanation Answer: C) Binny Bansal

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Q:

Which sport has the highest rank of Yokozuna?

A) Sumo wrestling	B) Judo
C) Jujitsu	D) Kendo

Answer & Explanation Answer: A) Sumo wrestling

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Filed Under: Sports
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Q:

Which Constitutional Amendment Act gave constitutional recognition to the panchayats?

A) 72nd Constitutional Amendment Act	B) 73rd Constitutional Amendment Act
C) 74th Constitutional Amendment Act	D) 75th Constitutional Amendment Act

Answer & Explanation Answer: B) 73rd Constitutional Amendment Act

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Filed Under: Indian Politics
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Q:

On 28 July 2017, Lok Sabha passed Indian Institutes of Management (IIM) Bill, 2017. The Bill has a provision to place the Annual report of the IIM’s in the parliament and auditing of their accounts by ______.

A) Chief Economic Adviser	B) Economic Affairs Secretary
C) Comptroller and Auditor General	D) Attorney General

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