Instruction
- Total number of questions : 10.
- Time alloted : 5 minutes.
- Each question carry 0.5 mark.
- No Negative marks
- DO NOT refresh the page.
- All the best :-).
| 1. | Which of the following is not an example of complementary goods? | |||||||||||||||||||
Your Answer: Option (Not Answered) Correct Answer: Option D Explanation: Complementary good is a good with negative cross elasticity of demand. In this if the price of one item is decreased the demand for another is increased. |
| 2. | Which of the following industries is the not covered in the Index of Eight Core Industries? | |||||||||||||||||||
Your Answer: Option (Not Answered) Correct Answer: Option D Explanation: The industries covered in the Index of Eight Core are namely Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. |
| 3. | The base year for the calculation of all-India Index of Industrial Production (IIP) is: | |||||||||||||||||||
Your Answer: Option (Not Answered) Correct Answer: Option D Explanation: The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has recently changed the base year of the all-India Index of Industrial Production (IIP) from 2004-05 to 2011-12. |
| 4. | At which of the following places printing press of Reserve Bank of India is not present? | |||||||||||||||||||
Your Answer: Option (Not Answered) Correct Answer: Option D Explanation: For printing of notes, the Security Printing and Minting Corporation of India Limited (SPMCIL), has set up printing presses at Nashik, Maharashtra and Dewas, Madhya Pradesh. The Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) has set up printing presses in Mysuru in Karnataka and Salboni in West Bengal. In all, there are four printing presses. |
| 5. | Which of the following was the first paper currency issued by RBI? | |||||||||||||||||||
Your Answer: Option (Not Answered) Correct Answer: Option C Explanation: The Rs 5-note was the first paper currency issued by RBI in January 1938. The Reserve Bank of India (RBI) is India’s central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934. |
| 6. | Which of the following statements is correct about the chairperson of Monetary Policy Committee (MPC)? | |||||||||||||||||||
Your Answer: Option (Not Answered) Correct Answer: Option B Explanation: The Monetary Policy Committee consists of six Members. Three Members are from the RBI and the other three Members appointed by the Central Government. The Members appointed by the Central Government hold the office for a period of four years. The Governor of RBI is the ex-officio Chairperson of the committee. |
| 7. | Which of the following currencies is not included in the Special Drawing Rights (SDR) Currency Basket? | |||||||||||||||||||
Your Answer: Option (Not Answered) Correct Answer: Option A Explanation: The SDR basket now consists of the following five currencies: U.S. dollar 41.73%, Euro 30.93%, Renminbi (Chinese Yuan) 10.92%, Japanese Yen (8.33%), British Pound (8.09%). |
| 8. | Which of the following firms has been recently named as the world’s biggest private equity firm? | |||||||||||||||||||
Your Answer: Option (Not Answered) Correct Answer: Option B Explanation: Blackstone is the world’s biggest private equity firm and the most influential real estate investor. It has aggregated a 100-million sq ft portfolio in India. |
| 9. | Frugal engineering is defined as the process of: | |||||||||||||||||||
Your Answer: Option (Not Answered) Correct Answer: Option B Explanation: Frugal Engineering is the process of reducing the complexity and cost of a good and its production. It includes removal of nonessential features from durable goods such as a car or phone, in order to sell it in developing countries to low income consumers. |
| 10. | Duty Entitlement Pass Book (DEPS) is an scheme of Indian Government provided to _? | |||||||||||||||||||
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