Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand	B) Substitution effect
C) Problem of choice	D) Optimal choice

Answer & Explanation Answer: B) Substitution effect

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Filed Under: Indian Economy
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Q:

Stagflation is defined as

A) low inflation, low growth, low unemployment	B) high inflation, low growth, high unemployment
C) high inflation, high growth, high unemployment	D) low inflation, high growth, low unemployment

Answer & Explanation Answer: B) high inflation, low growth, high unemployment

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Q:

The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.

A) Resource Probability Set	B) Production Probability Set
C) Resource Possibility Set	D) Production Possibility Set

Answer & Explanation Answer: D) Production Possibility Set

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Q:

‘Mentor India’ Compaign is an initiative to engage leaders who can guide and mentor students at ‘Atal Tinkering Labs’ across the country. Who launched‘Mentor India’ Campaign?

A) NASSCOM	B) ASSOCHAM
C) NITI Aayog	D) SEBI

Answer & Explanation Answer: C) NITI Aayog

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Filed Under: Indian Politics
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Q:

Which country launched its first military satellite ANASIS-II ?

A) North Korea	B) Albania
C) South Korea	D) Argentina

Answer & Explanation Answer: C) South Korea

Explanation:

South Korea has launched its first military satellite named ANASIS-II. This military communication satellite was launched by SpaceX and is expected to reach its orbit in next two weeks. The satellite has been launched with an aim to enhance Korea's ability to defend itself against the North Korea.

The Military of South Korea is likely to take over the satellite system in October 2020.

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Q:

CDM stands for

A) Clean Development Mechanism	B) Carbon Degeneration Mechanism
C) Carbon Degeneration Mission	D) Cash Deposit Mechanism

Answer & Explanation Answer: A) Clean Development Mechanism

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Q:

As of 2018, who is the chairman of the University Grants Commission (UGC)?

A) Najma Heptulla	B) Anil Saharbudhe
C) V.K. Saraswat	D) D.P. Singh

Answer & Explanation Answer: D) D.P. Singh

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Q:

The speed of the light is maximum in

A) Air	B) Vacuum
C) Water	D) Glass

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