Q:

Fiscal policy in India is formulated by

A) Reserve Bank of India	B) Planning Commission
C) Finance Ministry	D) SEBI

Answer & Explanation Answer: C) Finance Ministry

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Q:

Which of the following authority is elected on the basis of proportional representation in India?

A) Prime Minister	B) President
C) Governor	D) Lok Sabha Speaker

Answer & Explanation Answer: B) President

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Q:

According to the provisions of the Constitution of India, which one of the following is nota fundamental duty?

A) To respect the National Flag	B) To defend the country
C) To provide education to one’s child	D) To promote village and cottage industries

Answer & Explanation Answer: D) To promote village and cottage industries

Explanation:

Article 43 also places upon the State the responsibility of promoting cottage industries, and the federal government has, in furtherance of this, established several Boards for the promotion of khadi, handlooms etc., in coordination with the state governments. It is a DPSP.

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Q:

Strait of Gibraltar connects which of the following?

A) Red Sea Mediterranean Sea	B) Red Sea Arabian Sea
C) Atlantic Ocean Mediterranean Sea	D) Mediterranean Sea Black Sea

Answer & Explanation Answer: C) Atlantic Ocean Mediterranean Sea

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Q:

The maximum number of electrons that can be accommodated in M shell is

A) 8	B) 2
C) 18	D) 32

Answer & Explanation Answer: C) 18

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Q:

Under GST regime, in ‘Composition Scheme’, taxpayers have to fill returns ______.

A) Monthly	B) Half-yearly
C) Quarterly	D) Bi-Monthly

Answer & Explanation Answer: C) Quarterly

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Q:

In May 2017, the Base year of All-Indian WPI (Wholesale Price Index) has been revised from 2004-05 to ______.

A) 2010-11	B) 2015-16
C) 2011-12	D) 2016-17

Answer & Explanation Answer: C) 2011-12

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Q:

Which of the following best describes monetary policy?

A) Managing the economy by controlling the money supply	B) Determining the design printed on the national currency
C) Regulating transactions in the currency exchange market	D) Raising and lowering the foreign exchange rate

Answer & Explanation Answer: A) Managing the economy by controlling the money supply

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