Objective Current Affairs

Q. According to India Strategic Petroleum Reserves Ltd., India would complete building its first strategic crude oil storage by
1 September 2010
2 January 2011
3 October 2011
4 December 2011
Ans: 3
Q. In the National Integration Council, reconstituted in April 2010, the number of members is
1 144
2 145
3 146
4 147
Ans: 4
Q. The 16th Summit of the Association of Southeast Asian Nations was held in
1 Colombo
2 Dhaka
3 New Delhi
4 Thimphu
Ans: 4
Q. As per Strategic Arms Reduction Treaty(START) signed by the Russian and the US Presidents in April 2010, the two nations will reduce their nuclear weapons stockpile by
1 one fourth
2 a third
3 half
4 two-thirds
Ans: 2
Q. In April 2010, the Labour Minister of G-20 countries held a two-days meet in
1 Washington
2 Moscow
3 Beijing
4 London
Ans: 1
Q. Stagflation is a situation of
1 stagnation and deflation
2 stagnation and recession
3 stagnation and inflation
4 stagnation and recovery
Ans: 3
Q. Which one of the following business magnates has been adjudged the 'Business Person of the Year 2008' by The Times of India Survey?
1 Ratan Tata
2 Rahul Bajaj
3 Aditya Birla
4 Laxmi Mittal
Ans: 1
Q. In an economy, the sectors are classified into public and private on the basis of
1 employment conditions
2 nature of economic activities
3 ownership of enterprises
4 use of raw materials
Ans: 3
Q. Depreciation is equal to
1 Gross national product - Net national product
2 Net national product - Gross national product
3 Gross National product - Personal income
4 Personal income - Personal taxes
Ans: 1
Q. The relationship between the value of money and the price level in an economy is
1 Direct
2 Inverse
3 Proportional
4 Stable
Ans: 2