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#1360, 2nd floor, Marenhalli, 100ft road,
Jayanagar 9th Block, Bangalore-560069.
IAS Coaching in Bangalore

Daily Quiz

Oct 17,2018

As per the law of demand, with all other factors being constant, the demand of any particular good depends on which of the following factors?

1. Price of the good

2. Consumer’s choice

3. Price of substitute goods

Select the correct answer using the codes give below:

A) 1 only

B) 1 and 2 only

C) 1, 2 and 3

D) None of these


‘Willful Defaulters‘ are

A) The borrowers who have declared their assets as Null and taken protection under the Industrial Sickness act

B) The defaulters who have put their loan into legal arena and have taken protection under the Bankruptcy law of India.

C) Borrowers who have visible financial strength to repay their loans but had not paid the loan.

D) None of these


Consider the following taxes:

1. Sales tax

2. Value added tax

Which of these taxes is/are consumption taxes?

A) Only 1

B) Only 2

C) Both 1 and 2

D) Neither 1 nor 2


Which type of inflation is caused by backward agriculture that is unable to respond to people’s increased demand for food?

A) Demand Pull Inflation

B) Cost Push Inflation

C) Structural Inflation

D) None of these


Which of these functions are performed by RBI?

1. Bank of Issue

2. Banker to Government

3. Lender of the last resort

4. Developmental functions

Select the correct answer using the codes given below:

A) 1 only

B) 1 and 2 only

C) 1, 2 and 3 only

D) 1, 2, 3 and 4


Which of the following statements are true with respect to the Protection of Children from Sexual Offences Act, 2012 (POCSO)?

1.This act is applicable to the whole of India and provides protection to children under the age of 18 years against sexual offences.

2.Adults who were victims of child sexual abuse are not covered under the act

A) 1 only

B) 2 only

C) Both 1 and 2

D) Both 1 and 2


Which of the following is  a conventional source of energy?

A) Coal

B) Crude Oil

C) Nuclear Energy

D) Both a and b


The "Self4Society" application recently in news caters to?

A) Voluntary activities

B) Digital awareness

C) Self Learning Tool

D) None of the above


Which of the following events can negatively affect the competitiveness of Indian Rupee?

A) Rising Commodity prices

B) Rising Current Account Deficit

C) Rising exports

D) Both a and b


Which of the following is a measurement of a country's trade where the value of the goods and services it imports exceeds the value of the goods and services it exports?

A) Fiscal Deficit

B) Revenue Deficit

C) Current Account Deficit

D) Primary Deficit