Q:

In how many test matches did Ravichandran Ashwin achieve the feat of becoming the fastest player in the world (in terms of number of matches) to get 300 wickets in test cricket in November 2017?

A) 52	B) 56
C) 54	D) 50

Answer & Explanation Answer: C) 54

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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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Q:

Which of the following sets of taxes belongs to Central Government?

A) Excise duty, Sales tax and Custom duty	B) Income tax, Custom duty and House tax
C) Excise duty, Custom duty and Income tax	D) Custom duty, Entertainment tax and Income tax

Answer & Explanation Answer: C) Excise duty, Custom duty and Income tax

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Q:

Bilateral monopoly situation is

A) when there are only two sellers of a product	B) when there are only two buyers of a product
C) when there is only one buyer and one seller of a product	D) when there are two buyers and two sellers of a product

Answer & Explanation Answer: C) when there is only one buyer and one seller of a product

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Q:

In general, elasticity is a measure of

A) how firms' profits respond to changes in market prices.	B) the extent to which advances in technology are adopted by producers.
C) how much buyers and sellers respond to changes in market conditions.	D) the extent to which a market is competitive.

Answer & Explanation Answer: C) how much buyers and sellers respond to changes in market conditions.

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Q:

The famous Golconda Fort is situated in the state of

A) Madhya Pradesh	B) Telangana
C) Karnataka	D) Bihar

Answer & Explanation Answer: B) Telangana

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Q:

Name the committee appointed in 1986 by Rajiv Gandhi on "Revitalisation of Panchayti Raj Institution for Democracy & Development".

A) Ashok Mehta Committee	B) L M Singhvi Committee
C) G.V.K. Rao Committee	D) Balwant Rai Mehta Committee

Answer & Explanation Answer: B) L M Singhvi Committee

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Filed Under: Indian Politics
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Q:

Who designed the world's lightest satellite 'Kalamsat', which NASA launched and set a new world record?

A) Riyaz Sharook	B) Shawna Pandya
C) Rifath Sharook	D) Madhav Dhekane

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