Current Affairs MCQ for UPSC Exams – 5 June 2017

Ques- Consider the following statements:

(1) WPI measure price rise at the wholesale level where wholesale means sale in large quantities and meant for resale.
(2) Producer Price Index means the prices of goods as they are sold to the whole sales by the producers.
(3) The price of electricity in the CPI is the Industrial tariff & not the consumer tariff.
which among the above is/are correct?

(a) only 1 & 2 are correct
(b) all the above are correct.
(c) none of the above is correct.
(d) only 1 is correct

Ques- Which of the following is correct regarding 2007 OR10?

A. It is fastest missile system developed by Russia
B. It is the fastest stealth plane developed by Israel
C. It is a third largest dwarf planet
D. None

Ques- What does venture capital mean?

A. A short-term capital provided to industries
B. A long-term start-up capital provided to new entrepreneurs
C. Funds provided to industries at times of incurring losses
D. Funds provided for replacement and renovation of industries