Q:

On 10 April 2017, Lok Sabha passed the Motor Vehicles (Amendment) Bill, 2016. The Bill seeks to amend ______

A) Motor Vehicles Act, 1988	B) Motor Vehicles Act, 1998
C) Motor Vehicles Act, 2005	D) Motor Vehicles Act, 2010

Answer & Explanation Answer: A) Motor Vehicles Act, 1988

Explanation:

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Q:

Which one of the following writs is issued by the Supreme Court to secure the freedom of a person upon unlawful arrest?

A) Habeas Corpus	B) Mandamus
C) Certiorari	D) Quo Warranto

Answer & Explanation Answer: A) Habeas Corpus

Explanation:

Habeas Corpus: a writ requiring a person under arrest to be brought before a judge or into court, especially to secure the person's release unless lawful grounds are shown for their detention.

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Q:

In a cut motion, when the amount of demand is reduced by Rs 100/ , it is known as

A) Disapproval of policy cut	B) Economy cut
C) Vote on Account	D) Token cut

Answer & Explanation Answer: D) Token cut

Explanation:

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Q:

The goods which people consume more, when their price rises are called _______.

A) Essential goods	B) Capital goods
C) Veblen goods	D) Giffen goods

Answer & Explanation Answer: D) Giffen goods

Explanation:

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Q:

__________ of an input is defined as the change in output per unit of change in the input when all other inputs are held constant.

A) Marginal product	B) Production function
C) Total product	D) Average product

Answer & Explanation Answer: A) Marginal product

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Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

A) increase; increase	B) decrease; decrease
C) increase; decrease	D) decrease; increase

Answer & Explanation Answer: D) decrease; increase

Explanation:

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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods	B) Normal goods
C) Complementary goods	D) Substitute goods

Answer & Explanation Answer: A) Inferior goods

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Q:

Which type of Ethanol is made from sources like molasses, sugarcane, sugar beet, sorghum and edible oil seeds?

A) 2G ethanol	B) 1G ethanol
C) Clean ethanol	D) 3G ethanol

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