Questions

Q:

A series is given, with one term missing. Choose the correct alternative from the given ones that will complete the series.

ACE, GJI, MQM, ?

A) SXQ B) RWQ
C) SUQ D) RXP
 
Answer & Explanation Answer: A) SXQ

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Q:

One statement is given followed by two conclusions/assumptions, I and II. You have to consider the statement to be true, even if it seems to be at variance from commonly known facts. You are to decide which of the given conclusions/assumptions can definitely be drawn from the given statement.

Statement: I) Quality has a price tag.

II) India is allocating lots of funds to education.

Conclusions: I) Quality of education in India would improve.

II) Funding alone can enhance quality of education.

A) Only Conclusion I follows B) Only Conclusion II follows
C) Both the Conclusions I and II follow D) Neither Conclusion I nor II follows
 
Answer & Explanation Answer: A) Only Conclusion I follows

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Q:

The demand for a normal good decreases with ________ in the consumer's income.

A) increase B) decrease
C) constant D) double
 
Answer & Explanation Answer: B) decrease

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

A price floor is _____.

A) a maximum legal price B) a minimum legal price
C) the price where demand equals supply D) the price where elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: B) a minimum legal price

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Filed Under: Indian Economy
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Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores B) Rs 43.5 crores
C) Rs 76.5 crores D) Rs 78.5 crores
 
Answer & Explanation Answer: D) Rs 78.5 crores

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

All of the following are true about ecosystems except

A) they represent the lowest level of biological organization that is known B) there is a transfer of energy through the system and it is lost
C) the ultimate source of energy is the sun for nearly all known ecosystems  D) they contain both living and nonliving components
 
Answer & Explanation Answer: A) they represent the lowest level of biological organization that is known

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Filed Under: General Science
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Q:

What is the minimum age to become the Prime Minister of India if he or she is a member of Rajya Sabha?

A) 18 B) 25
C) 30 D) 35
 
Answer & Explanation Answer: C) 30

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Filed Under: Indian Politics
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Q:

‘FRDI’ Bill, 2017 aims to protect the stability of the financial system. Once enacted, FRDI Bill 2017 will be replacing ______.

A) Deposit Insurance and Credit Guarantee Corporation Act, 1961 B) Deposit Guarantee Corporation Act, 1980
C) Credit Guarantee Corporation Act, 1990 D) No option is correct
 
Answer & Explanation Answer: A) Deposit Insurance and Credit Guarantee Corporation Act, 1961

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Filed Under: Indian Politics
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