Questions

Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores B) Rs. 52 crores
C) Rs. 18 crores D) Rs. 38 crores
 
Answer & Explanation Answer: C) Rs. 18 crores

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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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:

Who presented the first Union budget of independent India?

A) Morarji Desai B) John Mathai
C) TT Krishnamachari D) RK Shanmukham Chetty
 
Answer & Explanation Answer: D) RK Shanmukham Chetty

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Filed Under: Indian Economy
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Q:

Which five year plan aimed at following regional approach, instead of a sectoral approach so as to bring down regional inequalities?

 

A) Ninth Five year plan B) Eighth Five year plan
C) Tenth Five year plan D) Eleventh Five year plan
 
Answer & Explanation Answer: C) Tenth Five year plan

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Filed Under: Indian Politics
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Q:

First established Indian Institute of Technology (IIT)?

A) IIT Bombay B) IIT Madras
C) IIT Delhi D) IIT Kharagpur
 
Answer & Explanation Answer: D) IIT Kharagpur

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

IRDAI has given its approval to LIC for the stake purchase, that will help get a capital support of Rs 10,000- 13,000 crore in which of the following state-owned banks?

A) Union Bank of India B) IDBI Bank
C) United Bank of India D) Indian Bank
 
Answer & Explanation Answer: B) IDBI Bank

Explanation:

Life Insurance Corporation of India is all set to become a knight in shining armour for the ailing IDBI Bank. In a first-of-its-kind transaction, the Insurance Regulatory and Development Authority of India (IRDAI) has approved a proposal allowing the former to acquire a majority stake in the bank.

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

The new civilisation of Righteousness and __________, and therefore of Brotherhood, of ordered Liberty, of Peace, of __________, cannot be built up until the elements are removed ______________ have brought the old civilisation crashing about our ears. _________________ is it necessary that the War shall be fought out to its appointed end, and that _______________ premature peace shall leave its object unattained.

 

Peace, of __________, cannot be built up

 

A) Happy B) Happier
C) happiest D) Happiness
 
Answer & Explanation Answer: D) Happiness

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Business is for profits and the spirit of __________________ and driving high performance are encouraged in a ______________ environment. Also, in a democratic country like India, perceived _______________ in the distribution of earnings or wealth is crucial to hold the fabric of its society, be it the citizens __________ the country or employees of a corporation. The evolution of compensation practices in India over the ____________ five decades demonstrates the changes that have taken place.

 

encouraged in a ______________ environment.

 

A) capitalistic B) capitalism
C) capital D) capitalisation
 
Answer & Explanation Answer: A) capitalistic

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Filed Under: English
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