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
Exam Prep: Bank Exams

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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:

In India all of the following are sources for government revenue, except?

A) Agricultural income tax	B) Anti dumping duty
C) Perquisite tax	D) Toll tax

Answer & Explanation Answer: A) Agricultural income tax

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Q:

The demand curve _____.

A) shows that as the price of a good increases, demand for the good will increase	B) shows that as the price of a good increases, demand for the good will decrease
C) has a positive gradient	D) indicates that there is a direct relationship between quantity demanded and price

Answer & Explanation Answer: B) shows that as the price of a good increases, demand for the good will decrease

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Filed Under: Indian Economy
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Q:

Pancreatic juice require which medium for their action?

A) Acidic	B) Basic
C) Neutral	D) All option are correct

Answer & Explanation Answer: B) Basic

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

Elections, rights, governance and leadership (is becoming) empty words.

A) are become	B) are becoming
C) is become	D) no improvement

Answer & Explanation Answer: B) are becoming

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Which Indian author in May 2016 won the prestigious 2016 Scholastic Asian Book Award for her work 'Codex : The Lost Treasure of the Indus' ?

A) Anita Desai	B) Aditi Krishna Kumar
C) Rupa Iyer	D) Preethi Nair

Answer & Explanation Answer: B) Aditi Krishna Kumar

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Filed Under: Books and Authors
Exam Prep: Bank Exams

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Q:

Who among the following has scored 2 triple hundreds in test matches?

A) Ricky Ponting	B) Jacques Kallis
C) Sachin Tendulkar	D) Brian Lara

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