Q:

The Shanti Swarup Bhatnagar Prize is annually awarded for outstanding achievement in which area?

A) Science and Technology	B) Indian Classical Music
C) Tribal Art Forms	D) Literature

Answer & Explanation Answer: A) Science and Technology

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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Q:

The Gobi Desert is one of the largest deserts on Earth. A part of it lies in which of the following countries?

A) Australia	B) Saudi Arabia
C) Mongolia	D) Madagascar

Answer & Explanation Answer: C) Mongolia

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Filed Under: World Geography
Exam Prep: Bank Exams

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Q:

Match the characteristics with their market structure:
(a) Firm has control over quantity of output but it must take into account reactions of competitors.
b) Firm will tend to set output so that it earns maximum profits.

A) (a) Oligopoly, (b) Pure competition	B) (a) Monopolistic competition, (b) Oligopoly
C) (a) Pure Monopoly, (b) Pure competition	D) (a) Oligopoly, (b) Pure Monopoly

Answer & Explanation Answer: D) (a) Oligopoly, (b) Pure Monopoly

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following is not an assumption of perfect competition?

A) There are many buyers and sellers	B) Average total costs continually decrease.
C) The good sold by all sellers in the market is assumed to be homogeneous.	D) Buyers and sellers in the market are assumed to have perfect information.

Answer & Explanation Answer: B) Average total costs continually decrease.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Government borrowing to finance budget deficits _____.

A) will exert downward pressure on interest rates	B) will have no effect on interest rates
C) will increase supply of loanable funds	D) will put upward pressure on interest rates

Answer & Explanation Answer: D) will put upward pressure on interest rates

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following best defines free trade?

A) Imports are discouraged	B) There are no restrictions on exports and imports
C) There are no duties levied on export	D) Imported goods are made duty free

Answer & Explanation Answer: B) There are no restrictions on exports and imports

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If the average total cost are Rs 2400, average variable cost is Rs 1700 and quantity produced is 75 units, find the total fixed costs of the firm?

A) Rs 52500	B) Rs 127500
C) Rs 180000	D) Rs 60000

Answer & Explanation Answer: A) Rs 52500

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Astronauts inside spaceship feel ___ weight.

A) More	B) Less
C) Zero	D) Depends on G force

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