Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs	B) price = average profit
C) price = marginal costs = minimum average total costs	D) price = minimum average variable costs

Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following is NOT included in general methodology while assessing the national income?

A) Pension	B) Investment Expenditure
C) Value added	D) Consumption Expenditure

Answer & Explanation Answer: A) Pension

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

Ring fencing

A) The place where the sport of fencing is played by two opponents.	B) Doubly protecting your assets.
C) Guarantee that funds allocated for a particular purpose will not be spent on anything else.	D) Be ready to fight for what is your right.

Answer & Explanation Answer: C) Guarantee that funds allocated for a particular purpose will not be spent on anything else.

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Which of the following statements is correct about the President of India ?

A) Addresses first session of Parliament after each General Election.	B) Addresses first session of Parliament at the beginning of each year
C) Addresses every session of Parliament	D) Never addresses Parliament

Answer & Explanation Answer: A) Addresses first session of Parliament after each General Election.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Who is the author of the book named "Making India Awesome"?

A) Jairam Ramesh	B) Tarun Khanna
C) Chetan Bhagat	D) Amitav Ghosh

Answer & Explanation Answer: C) Chetan Bhagat

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Filed Under: Books and Authors
Exam Prep: Bank Exams

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Q:

Who is the author of "It's All in the Planets"?

A) Preeti Shenoy	B) Ravinder Singh
C) Keshav Aneel	D) Durjoy Datta

Answer & Explanation Answer: A) Preeti Shenoy

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Filed Under: Books and Authors
Exam Prep: Bank Exams

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Q:

Who among the following became the first tourist to space by spending $20 million for 8 days in orbit?

A) Greg Olsen	B) Charles Simonyi
C) Dennis Tito	D) Mark Shuttleworth

Answer & Explanation Answer: C) Dennis Tito

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Filed Under: Famous Personalities
Exam Prep: Bank Exams

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Q:

Which county was in the first rank in the 2016 Human Development Index published by the United Nations Development Programme?

A) Norway	B) Australia
C) Germany	D) Denmark

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