Q:

Irfaan loves black coffee. A roadside stall selling a cup of black coffee at Rs. 120, offered 25% discount to Irfaan. If Irfaan was willing to pay even Rs. 200 for this cup of black coffee, Irfaan's consumer surplus is

A) 90	B) 80
C) 30	D) 110

Answer & Explanation Answer: D) 110

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Q:

Which of the following is the correct description of the term sex-ratio as used in the context of the census of population?

A) Number of males per 1000 females.	B) Number of females per 1000 males.
C) Number of females per 100 males.	D) Number of females in a sample of 1000 persons.

Answer & Explanation Answer: B) Number of females per 1000 males.

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Q:

If Money supply growth is faster than real GDP growth, it results in _____.

A) Inflation	B) deflation
C) budget surplus	D) budget deficit

Answer & Explanation Answer: A) Inflation

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Q:

Who presented the first Union budget of independent India?

A) Morarji Desai	B) John Mathai
C) TT Krishnamachari	D) RK Shanmukham Chetty

Answer & Explanation Answer: D) RK Shanmukham Chetty

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Q:

As per Economic survey 2017-18, the percentage contribution of the services sector to India's GDP will be in the range of

A) Between 40-50%	B) Greater than 50%
C) Less than 30%	D) Between 30-40%

Answer & Explanation Answer: B) Greater than 50%

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Q:

An exculpatory clause is generally unenforceable when

A) it involves public transportation.	B) it attempts to release a party from liability for ordinarily negligent behavior.
C) it is written clearly and in bold, large print.	D) the affected activity is a recreational activity.

Answer & Explanation Answer: A) it involves public transportation.

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Q:

In October 2017, SEBI directed the stock exchanges to impose how much fine/penalty on those companies which do not comply with the minimum public shareholding norms?

A) Rs 5000 per day	B) Rs 12,000 per day
C) Rs 15,000 per day	D) Rs 20,000 per day

Answer & Explanation Answer: A) Rs 5000 per day

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Q:

Sambalpur is located in

A) Odisha	B) Uttarachand
C) Bihar	D) West Bengal

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