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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:

On 10 April 2017, Lok Sabha Passed the Motor Vehicles Act (Amendment) Bill, 2016. Under the new provisions, government will develop a scheme forcashless treatment of road accident victims during ______.

A) Silver hour B) Platinum hour
C) Diamond hour D) Golden hour
 
Answer & Explanation Answer: D) Golden hour

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Q:

Who was the first woman president of Indian National Congress in pre-Independent India?

A) Vijayalakshmi Pandit B) Sarojini Naidu
C) Annie Besant D) Madam Cama
 
Answer & Explanation Answer: C) Annie Besant

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Q:

In August 2017, the Government of India decided to launch a new scheme named “AGEY”. This new scheme is a part of the Deen Dayal Antyodaya Yojna– National Rural Livelihood Mission (DAY-NRLM). What does ‘E’ stand for in ‘AGEY’?

A) Enterprise B) Energy
C) Express D) Engineering
 
Answer & Explanation Answer: C) Express

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Q:

In India, how much percent of GDP is the fiscal deficit target for the Financial Year 2017-18?

A) 4.20% B) 3.20%
C) 2.20% D) 4.00%
 
Answer & Explanation Answer: B) 3.20%

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Q:

The short run marginal cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Q:

If a person's income increases from Rs. 10 lakhs per year to Rs. 11 lakhs per year and tax increases from Rs. 80,000 to Rs. 92,500 the marginal tax rate is

A) 12.50% B) 8%
C) 10% D) 15%
 
Answer & Explanation Answer: A) 12.50%

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Q:

Which of the following is false?

A) Hydrogen atom is roughly a third of the mass of tritium B) Deuterium is called heavy hydrogen
C) Deuterium atom has 1 neutron D) Protium is the rarest isotope of hydrogen
 
Answer & Explanation Answer: D) Protium is the rarest isotope of hydrogen

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