Questions

Q:

On 10 April 2017, Lok Sabha Passed the Motor Vehicles Act (Amendment) Bill, 2016. Under the new provisions, the compensation for death increased from Rs 25,000 to ______

A) Rs 2 lakh or more B) Rs 5 lakh or more
C) Rs 10 lakh or more D) Rs 15 lakh or more
 
Answer & Explanation Answer: A) Rs 2 lakh or more

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Q:

To release wages under the Mahatma Gandhi National RuralEmployment Guarantee Scheme direct and faster, anelectronic fund management system has been launched by____________.

A) State Bank of Hyderabad B) State Bank of Travancore
C) State Bank of India D) Orien tal Bank Corporation
 
Answer & Explanation Answer: B) State Bank of Travancore

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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:

Vistara airline is a joint venture between Tata Sons and which international airlines?

A) Lufthansa B) Malaysian Airlines
C) British Airways D) Singapore Airlines
 
Answer & Explanation Answer: D) Singapore Airlines

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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:

If cash reserve ratio decreases, credit creation will _______.

A) increase B) decrease
C) does not change D) first decreases than increases
 
Answer & Explanation Answer: A) increase

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Q:

For a price taking firm, average revenue is ______ market price.

A) half of B) equal to
C) double of D) less than
 
Answer & Explanation Answer: B) equal to

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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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