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Which item has the highest weighting in Wholesale Price Index?

A. Fuel and Power
B. Primary Articles
C. Manufactured Goods
D. Services

Answer & Solution
Option: C
Explanation :The Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods. Some countries (like the Philippines) use WPI changes as a central measure of inflation. But now India has adopted new CPI to measure inflation. However, United States now report a producer price index instead.
It also influences stock and fixed price markets. The WPI is published by the Economic Adviser in the Ministry of Commerce and Industry.The Wholesale Price Index focuses on the price of goods traded between corporations, rather than goods bought by consumers, which is measured by the Consumer Price Index. The purpose of the WPI is to monitor price movements that reflect supply and demand in industry, manufacturing and construction. This helps in analyzing both macroeconomic and microeconomic conditions.
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    Which items are not included while measuring core inflation?

    A. Food items
    B. Fuel Items
    C. Manufactured Goods
    D. Both A and B

    Answer & Solution
    Option: D
    Explanation :Core inflation is the change in the costs of goods and services but does not include those from the food and energy sectors. This measure of inflation excludes these items because their prices are much more volatile. It is most often calculated using the consumer price index (CPI), which is a measure of prices for goods and services.
    Core inflation is measured by both the CPI and the core personal consumption expenditures index (PCE). The PCE represents the prices of goods and services purchased by consumers in the U.S. Since inflation is a measure of the trend in rising prices, PCE is an important metric in determining inflation. However, core PCE and CPI are similar, and both help to determine how much inflation is in the economy.
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      Who is the First Pakistani to scale Seven Summits in Seven Continents?

      A. Samina Baig
      B. Col (retd) Abdul Jabbar Bhatti
      C. Mirza Ali
      D. Nazir Sabir

      Answer & Solution
      Option: C
      Explanation :According to the Alpine Club Pakistan, Mirza Ali achieved the feat after successfully climbing Mount Everest on Wednesday-22-May-2019. He scaled the mountain at 2:16am, to become the first Pakistani to climb seven summits in seven continents.
      Ali is the brother of Samina Baig, the first Pakistani woman to climb Mount Everest.
      Col (retd) Abdul Jabbar Bhatti is the fourth Pakistani to successfully scale Mount Everest. He achieved this remarkable feat in May 2017. He is also the first Pakistani from Punjab to scale Mount Everest.
      The other three Pakistanis Nazir Sabir, Hassan Sadpara and Samina Baig to climb Mount Everest belong to the Gilgit-Baltistan region.
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        When World Thyroid Day is observed on every year?

        A. 25 May
        B. 26 May
        C. 27 May
        D. 28 May

        Answer & Solution
        Option: A
        Explanation :Ashok Bhaseen, President of Thyroid Federation International say “There are still many people living with some kind of thyroid disorder without diagnosis. The International Thyroid Awareness Week is now in its 11th year, and I promise we at Thyroid Federation International and its member countries won’t rest until testing and diagnosis rates improve globally. This year we’re helping people to recognize the many faces of thyroid disorders so they can visit a healthcare professional and get tested as soon as possible.“
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          Who is the new president of South Africa in General election of 2019?

          A. Cyril Ramaphosa
          B. Mmusi Maimane
          C. Julius Malema
          D. None of these

          Answer & Solution
          Option: A
          Explanation :Cyril Ramaphosa has been sworn in for a five-year term as South Africa’s president. He took the oath of office on 25-May-2019 in front of some 30,000 people at a stadium in Pretoria.
          Mr Ramaphosa first took office last year 15-Feb-2018 after former president Jacob Zuma was pressured to resign amid corruption scandals that damaged public faith in the ANC(African National Congress).
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            Which Organization has unveiled plan to tackle global Snakebite “Emergency” on 23-05-2019

            A. ILO
            B. UNICEF
            C. WHO
            D. UNHCR

            Answer & Solution
            Option: C
            Explanation :The World Health Organization on 23-05-2019 unveiled a new strategy to dramatically cut deaths and injuries from snakebites, warning a dearth of antivenoms could soon spark a “public health emergency”.
            Each year nearly three million people are bitten by poisonous snakes, with an estimated 81,000-138,000 deaths. Another 400,000 survivors suffer permanent disabilities and other after-effects, according to WHO figures.
            WHO, which two years ago categorised “snakebite envenoming” as a Neglected Tropical Disease, presented a strategy aimed at cutting snakebite-related deaths and disabilities in half by 2030.
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              Where Permanent residency scheme ‘Golden Card’ launched in May-2019

              A. UAE
              B. Saudi Arabia
              C. Iran
              D. Israel

              Answer & Solution
              Option: A
              Explanation :After the introduction of long-term visa programme for expatriates in the United Arab Emirates (UAE), the country has now launched a permanent residency scheme termed the “Golden Card” for certain foreign nationals.
              The UAE’s Vice President and Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum announced the scheme on Tuesday. 21-May-2019
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                First Arabic language writer to win the pretigious Man Booker International Prize

                A. Ahmed Mourad
                B. Rabee Jaber
                C. Muhammad Sadeq
                D. Jokha Alharthi

                Answer & Solution
                Option: D
                Explanation :22-May-2019 Omani author Jokha Alharthi has become the first Arabic-language writer to win the prestigious Man Booker International Prize for Celestial Bodies, a novel that deals with family connections and history in the coming-of-age account of three sisters.
                Alharthi’s book beat five other shortlisted novels from Europe and South America to take the prize, which celebrates translated fiction from around the world and included a $64,000 award divided equally between author and translator.
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                  New president of Indonesia for 2019-2024

                  A. Prabowo Subianto
                  B. Joko Widodo
                  C. Zulkifli Hasan
                  D. Bambang Soesatyo

                  Answer & Solution
                  Option: B
                  Explanation :The presidential election, the fourth in the country’s history, used a direct, simple majority system, with incumbent Indonesian President Joko Widodo, known as Jokowi, running for re-election with senior Muslim cleric Ma’ruf Amin as his running mate against former general Prabowo Subianto and former Jakarta vice governor Sandiaga Uno for a five-year term between 2019 and 2024.
                  on 21 May 2019, the General Elections Commission declared Jokowi and Amin as the winners of the presidential election, having secured over 55 percent of the votes with more than 85 million votes.
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