Questions

Q:

A market situation when firms sell similar but not identical products is termed as

 

A) perfect competition B) imperfect competition
C) monopolistic competition D) oligopoly
 
Answer & Explanation Answer: C) monopolistic competition

Explanation:

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes.

In other words, large sellers selling the products that are similar, but not identical and compete with each other on other factors besides price.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which Party was founded by Subhash Chandra Bose in the Year 1939 after he broke away from the congress?

A) Indian Freedom Party B) Azad Hind Fauj
C) Revolutionary Front D) Forward Bloc
 
Answer & Explanation Answer: D) Forward Bloc

Explanation:
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Filed Under: Indian History

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Q:

Which one of the following dynasties was ruling over North India at the time of Alexander's invasion

A) Nanda B) Maurya
C) Sunga D) Kanva
 
Answer & Explanation Answer: A) Nanda

Explanation:
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Q:

A Copper Chariot of Harappa times was discovered at

A) Kuntal B) Rakhigarhi
C) Daimabad D) Banawali
 
Answer & Explanation Answer: C) Daimabad

Explanation:
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Q:

Which of these is the best description of fixed expenses?

 

A) Insurance B) Payment on loans
C) Rent D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Fixed expenses are those expenses that do not change when there is a change in production or sales level.

 

Examples of Fixed Expenses are rent, insurance, payment on loans, salaries, advertising, etc...

 

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If A is substituted by 4, B by 3, C by 2, D by 4, E by 3, F by 2 and so on, then what will be total of the numerical values of the letters of the word SICK?

A) 11 B) 12
C) 10 D) 9
 
Answer & Explanation Answer: A) 11

Explanation:

Total value = 4 + 2 + 2 + 3 = 11.

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Filed Under: Math Puzzles

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Q:

Visible and invisible items of debit and credit are the part of___________.

 

A) import-export policy B) balance of payment
C) balance of trade D) annual budget
 
Answer & Explanation Answer: B) balance of payment

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

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Q:

Bats can fly in the dark because

A) they have a better vision in the dark B) the light startles in them
C) they produce high pitched sounds called ultrasonics D) none of the above
 
Answer & Explanation Answer: C) they produce high pitched sounds called ultrasonics

Explanation:
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Filed Under: General Awareness

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