Exams


Q:

What is true about economic resources?

A) Economic resources are limited. B) Economic resources are always controlled by the government.
C) Economic resources include only money. D) Economic resources exist only at the individual level.
 
Answer & Explanation Answer: A) Economic resources are limited.

Explanation:

Economic resources are those goods and services that can be converted into valuable products for individual and business purposes.

There are four major types of economic resources:

1. land,

2. labor,

3. capital and

4. entrepreneurship.

 

Land and labor are natural and human resources, while capital means physical resources or money.

Entrepreneurship converts these resources into usable goods.

 

However, resources have finite values, and proper utilization depends on economic systems and economic decisions.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

2 2951
Q:

Statement: There has been a significant drop in the water level of all the lakes supplying water to the city.
Courses of action:
I. The water supply authority should impose a partial cut in supply to tackle the situation.
II. The government should appeal to all the residents though mass media for minimal use of water.

A) Only I follows B) Only II follows
C) Both I & II follows D) Neither I nor II follows
 
Answer & Explanation Answer: C) Both I & II follows

Explanation:

The situation can be tackled by periodic cuts in supply, and urging people to conserve water. So both the courses follow.

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Filed Under: Statement and Courses of Action
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3 2949
Q:

The Limitation Law, which passed by the British in 1859, addressed which one of the following issues?

A) Loan bonds would not have any legal validity B) Loan bonds signed between money lender and Ryots would have validity only for three years
C) Loan bonds could not be executed by money lenders D) Loan bonds would have validity for ten years
 
Answer & Explanation Answer: B) Loan bonds signed between money lender and Ryots would have validity only for three years

Explanation:

The ryots came to see the moneylender as devious and deceitful. They complained of moneylenders manipulating laws and forging accounts. In 1859 the British passed a Limitation Law that stated that the loan bonds signed between moneylenders and ryots would have validity for only three years. This law was meant to check the accumulation of interest over time. The moneylender, however, turned the law around, forcing the ryot to sign a new bond every three years.

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Filed Under: Indian History
Exam Prep: Bank Exams

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Q:

Economic liberalization in India started with ___________.

A) substantial changes in industrial licensing policy   B) convertibility of Indian rupee  
C) doing away with procedural formalities for foreign direct investment D) significant reduction in tax rates  
 
Answer & Explanation Answer: A) substantial changes in industrial licensing policy  

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In a certain code language, "TOAST" is written as "56345" and "TRAIN" is written as "59310". How is"TORN" written in that code language?

A) 5634 B) 5609
C) 5690 D) 5663
 
Answer & Explanation Answer: C) 5690

Explanation:
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Filed Under: Coding and Decoding
Exam Prep: Bank Exams

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Q:

Human body main organ of balance is located in

A) Brain B) Eyes
C) Ears D) Nose
 
Answer & Explanation Answer: C) Ears

Explanation:

Labyrinth which is part of the ear is the main organ of balance in the human body.

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Filed Under: General Science
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6 2949
Q:

The monosaccharides important in nutrition are

A) Glucose B) Galactose
C) Fructose D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

There are 3 monosaccharides important in nutrition. They are Glucose, Galactose and Fructose.

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Filed Under: General Science
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2 2948
Q:

Anarchy means

A) Government by the rich B) Government by the King/Queen
C) Government by the God D) Absence of government
 
Answer & Explanation Answer: D) Absence of government

Explanation:

Anarchy means Absence of government.

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Filed Under: General Awareness
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