Bank Exams Questions

Q:

If (x – 2) and (x + 3) are the factors of the equation x2 + k1x + k2 = 0, then what are the values of k1 and k2?

A) k1 = 6, k2 = – 1 B) k 1 = 1, k 2 = – 6
C) k 1 = 1, k2 = 6 D) k1 = – 6, k2 = 1
 
Answer & Explanation Answer: B) k 1 = 1, k 2 = – 6

Explanation:
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Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to 

A) improve B) diminish
C) remain constant D) first diminish and then improve
 
Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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Filed Under: Indian Economy
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Q:

Consider the following statements about impact of tax :

1. A tax is shifted forward to consumers if the demand is inelastic relative to supply.

2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand.

Which of the statements given above is/are correct?

 

A) 1 only B) 2 only
C) Both 1 and 2 D) Neither 1 nor 2
 
Answer & Explanation Answer: C) Both 1 and 2

Explanation:

Only if either demand or supply was either completely elastic or inelastic will the tax burden fall entirely on either the buyer or the seller. Between these 2 extremes, tax incidence varies continuously from a perfectly inelastic supply or perfectly elastic demand, where the sellers assumes the entire burden of the tax to the perfectly elastic supply or perfectly inelastic demand where the buyers bear the entire burden. To better see how the elasticity of supply and demand affects tax incidence, consider a 20% tax on a can of soda. Suppose the government decides that the buyer should pay the 20% tax. Does this mean that the buyers will be paying 20% more, or will sellers have to share some of the tax burden? Since higher prices decrease demand, regardless of the reason for the higher prices, sellers will share some of the burden. How much of the burden will be determined by the elasticity of supply and demand for the product?

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Filed Under: Indian Economy
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Q:

Which of the following statements about Sir Syed Ahmad Khan is/are correct?

1. He argued that India was a federation of ethnic communities based on common descent.

2. His philosophy was very similar to that of the Indian National Congress.

3. He imagined India as a Nation State based on individual citizen’s rights.

4. The curriculum at the Mohammedan Anglo-Oriental College blended Muslim theology and European empiricism.

Select the correct answer using the code given below.

A) 1 only B) 2 and 3
C) 3 only D) 1 and 4
 
Answer & Explanation Answer: D) 1 and 4

Explanation:

Statements 1 & 4 are true with respect toSir Syed Ahmad Khan.

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Filed Under: Indian History
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Q:

Which one of the following statements about the Elephanta Island is correct?

A) It was given its name by the British after a large elephant structure located there. B) It contains one large cave.
C) It is well-known for a spectacular carving of Vishnu described in the Vishnudharmottara Purana. D) It is associated with the Pashupata sect.
 
Answer & Explanation Answer: B) It contains one large cave.

Explanation:

The Elephanta Caves are located in Western India on Elephanta Island (otherwise known as the Island of Gharapuri), which features two hillocks separated by a narrow valley. The name Ardhanarishvara (famous statue of Elephanta) means the Lord Who is half woman, Ardhanarishvara is also known by other names. The Gupta-era writer Pushpadanta in his Mahimnastava refers to form as dehardhaghatana. Utpala, commenting on the Brihat Samhita, calls this form Ardha-gaurishvara, the Vishnudharmottara Purana simply calls this form Gaurishvara.Buddhist caves in Elephants and the caves built by the followers of Pashupata cult (a Shaivite Hinduschool).The island and its resident caves received the name 'Elephanta' from Portuguese invaders after the discovery of a black stone sculpture of an elephant on the island.

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Filed Under: Indian Geography
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Q:

Who is the author of Manimekalai?

A) Kovalan B) Sathanar
C) Ilango Adigal D) Timtakkatevar
 
Answer & Explanation Answer: B) Sathanar

Explanation:

One of the finest jewels of Tamil poetry, the epic poem Manimekalai was written by Sathanar in 2nd century A.D. It is unique for the deep spirituality and mysticism it unfolds against the historical and geographical background of South India and of adjacent Jaffna.

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Q:

Who is the author of Manimekalai?

A) Kovalan B) Sathanar
C) Ilango Adigal D) Timtakkatevar
 
Answer & Explanation Answer: B) Sathanar

Explanation:

One of the finest jewels of Tamil poetry, the epic poem Manimekalai was written by Sathanar in 2nd century A.D. It is unique for the deep spirituality and mysticism it unfolds against the historical and geographical background of South India and of adjacent Jaffna.

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Filed Under: Indian History
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Q:

Which of the following is/are the feature(s) of the Brahmadeya Grants during c 600-1200 AD?

1. Their creation meant a renunciation of actual or potential sources of revenue by the State.

2. These grants could vary from a small plot to several villages.

3. Most grants were made in unsettled areas.

Select the correct answer using the code given below.

A) 1 only B) 2 and 3 only
C) 1 and 2 only D) 1, 2 and 3
 
Answer & Explanation Answer: C) 1 and 2 only

Explanation:
The first 2 statements are true with respect to the Brahmadeya Grants during 600-1200 AD.
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