Q. Equilibrium price in the market is determined by the -
1) equality between total cost and total revenue
2) equality between average cost and average revenue
3) equality between marginal cost and marginal revenue
4) equality between marginal cost and average cost
Q. In which year did the Government of India nationalized 14 major private banks?
1) 1968
2) 1970
3) 1969
4) 1965
Q. Rangrajan Committee was constituted for -
1) Disinvestment
2) Banking reforms
3) Tax reforms
4) Foreign trade
Q. When and where was the office of GATT established ?
1) Paris, 1958
2) New York, 1948
3) Rio de Janeiro, 1948
4) Geneva, 1948
Q. Which among the following was not the profit making central public sector enterprise during 2017-18 ?
1) ONGC
2) NTPC
3) IOC
4) BSNL
Q. Revised statutory framework for monetary policy is effective from -
1) January 1, 2017
2) August 5, 2016
3) April 1, 2017
4) July 1, 2017
Q. India's stock of external debt as on September 30, 2017 is -
1) UR $ 490.7 billion
2) US $ 489.6 billion
3) US $ 475.9 billion
4) US $ 495.7 billion
Q. In which year saving investment gap was highest?
1) 2012-13
2) 2013-14
3) 2014-15
4) 2015-16
Q. Which of the following items has the highest Engel's elasticity with respect to Private Final Consumption Expenditure?
1) Health
2) Clothing and footwear
3) Eduction
4) Food and non-alcoholic beverages
Q. GDP growth of Indian economy has averaged........ for the period from 2014-15 to 2017-18.
1) 7.3 per cent
2) 7.5 per cent
3) 7.7 per cent
4) 7.8 per cent
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