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Insight IAS Daily Quiz January 2018 Pdf – IAS prelims 2018 Quiz

1- Which one of the following is not among the eight core industries which comprise 40.27 per cent of the weight of items included in the Index of Industrial Production?

(a) Cement
(b) Refinery Products
(c) Natural Gas
(d) Electronics

2-A rapid increase in the rate of inflation is sometimes attributed to the “base effect”. What is “base effect” ?

(a) It is the impact of drastic deficiency in supply due to failure of crops.
(b) It is the impact of the surge in demand due to rapid economic growth.
(c) It is the impact of the price levels of previous year on the calculation of inflation rate.
(d) None of the statements (a), (b) and (c) given above is correct in this context.

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