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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:

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:

A ___________ deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.

A) Current Account B) Savings Account
C) Capital Account D) Asset Account
 
Answer & Explanation Answer: A) Current Account

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Q:

If a Panchayat is dissolved, elections are to be held within -

A) Six months from the date of dissolution B) Twelve months from the date of dissolution
C) Two months from the dateof dissolution D) One month from the dateof dissolution
 
Answer & Explanation Answer: A) Six months from the date of dissolution

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Q:

Where was Asia Pacific Economic Cooperation (APEC) 2017 summit held?

A) Singapore B) Vietnam
C) Australia D) Japan
 
Answer & Explanation Answer: B) Vietnam

Explanation:

APEC 2017 summit was held in the city ‘Da Nang, Vietnam’ under the theme of ‘Creating New Dynamism, Fostering a Shared Future’. APEC is the forum of 21 pacific region countries, headquartered at Singapore, which promotes free trade in the Asia-pacific region.

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Q:

Who was the chief guest on the occasion of 69th Independence Day celebrations in India?

A) President of France B) President of China
C) Prime Minister of Bhutan D) President of U.S.A.
 
Answer & Explanation Answer: D) President of U.S.A.

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Q:

A ball is dropped from a height of 10 m. It strikes the ground and rebounds up to a height of 2. m. During the collision, the per cent loss in the kinetic energy is

A) 100% B) 25%
C) 50% D) 75%
 
Answer & Explanation Answer: D) 75%

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Q:

"Trade unions" is listed in the __________ list given in the Seventh Schedule of the Constitution of India.

A) Union B) State
C) Global D) Concurrent
 
Answer & Explanation Answer: D) Concurrent

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