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Q:

Which of the following will be the outcome if an economy is under the inflationary pressure?

1.Domestic currency heads for depreciation.

2.Exports become less competitive with imports getting costlier.

3.Cost of borrowing decreases.4.Bondholders get benefitted.

 

Select the correct answer using the code given below.

 

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

Explanation:

Creditors and debtors:

During inflation creditors lose because they receive in effect less in goods and services than if they had received the repayments during a period of low prices. Debtors, on other hand, as a group gain during inflation, since they repay their debts in currency that has lost its value.The aggregate volume of internal trade tends to increase during inflation due to higher incomes, greater production and larger spending. But the export trade is likely to suffer on account of arise in the prices of domestic goods.

The same currency unit will now buy less goods and services.But the bondholders lose as they get a fixed interest the real value of which has already fallen.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

Which one of the following with regard to the term ‘bank run’ is correct?

 

A) The net balance of money a bank has in its chest at the end of the day’s business B) The ratio of bank’s total deposits and total liabilities
C) A panic situation when the deposit holders start withdrawing cash from the banks D) The period in which a bank creates highest credit in the market
 
Answer & Explanation Answer: C) A panic situation when the deposit holders start withdrawing cash from the banks

Explanation:

A bank run occurs when a large number of people withdraw their money from a bank, because they believe the bank may cease to function soon.

A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time, as people suddenly try to convert their threatened deposits into cash or try to get out of their domestic banking system altogether.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

Which one of the following statements about the Missile Technology Control Regime is not correct?

 

A) The Missile Technology Control Regime is an informal and voluntary partnership initially formed among G-7 countries. B) Members of the Missile Technology Control Regime prevent the proliferation of missile and unmanned aerial vehicle technology capable of carrying above 500 kg payload for more than 300 km.
C) China applied to join the Regime but members did not offer the membership. D) No other country outside the membership follows the Regime rules.
 
Answer & Explanation Answer: D) No other country outside the membership follows the Regime rules.

Explanation:

The Missile Technology Control Regime (MTCR) is a multilateral export control regime. It is an informal and voluntary partnership among 35 countries to prevent the proliferation of missile and unmanned aerial vehicle technology capable of carrying above 500 kg payload for more than 300 km.The Missile Technology Control Regime (MTCR) was established in April 1987 by the G7 countries.

The People's Republic of China is not a member of the MTCR but has agreed to abide by the original 1987 Guidelines and Annex, but not the subsequent revisions.Israel, Romania and Slovakia have also agreed to voluntarily follow MTCR export rules even though not yet members.

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Filed Under: General Awareness
Exam Prep: Bank Exams

Q:

Which one of the following is the highest altitude zoo in the world?

A) Cheyenne Mountain Zoo B) Pandit G. B. Pant High Altitude Zoo
C) Himalayan Zoological park, Gangtok D) Padmaja Naidu Himalayan Zoological Park
 
Answer & Explanation Answer: D) Padmaja Naidu Himalayan Zoological Park

Explanation:

Cheyenne Mountain Zoo  -  6,800 feet

Himalayan Zoological Park, Gangtok  -  5839.895 feet

Padmaja Naidu Himalayan Zoological Park  -  7000 feet

 

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Filed Under: Longest, Shortest, Deepest
Exam Prep: Bank Exams

Q:

Who among the following was defeated by Chile to won the Copa America Football Championship, 2016?

A) Colombia B) Argentina
C) Ecuador D) Peru
 
Answer & Explanation Answer: B) Argentina

Explanation:

The Copa América Centenario Final was an association football match that took place on 26 June 2016 at the Met Life Stadium in East Rutherford, New Jersey, United States to determine the winner of the Copa América Centenario.The match was contested by Argentina and Chile, making it a rematch of the 2015 final. Chile ultimately won on penalty kicks 4–2 after a 0–0 draw.

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Filed Under: Sports
Exam Prep: Bank Exams

Q:

Which  one  of  the  following  was  the  earlier name of Tokyo?

A) Osaka B) Kyoto
C) Samurai D) Edo
 
Answer & Explanation Answer: D) Edo

Explanation:

Tokyo officially became the Japanese capital after Emperor Meiji moved his seat to the city from the old capital of Kyoto in 1868; at that time Edo was renamed Tokyo.

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Filed Under: World Geography
Exam Prep: Bank Exams

Q:

The term Upari refers to which one of the following?

A) A category of proprietary tenure under the Mughal rule B) A category of tenancy tenure under the Maratha rule
C) A soldier in the Maratha army D) A village headman in the Mughal period.
 
Answer & Explanation Answer: B) A category of tenancy tenure under the Maratha rule

Explanation:

Upari refers to a category of tenancy tenure held under the Maratha Regime.The Government used to assign land to various cultivators for cultivation and getting maximum revenue. The land allotted to original settlers of villages came to be known as Mirasi land whereas the land assigned to the migrant settlers was known as the Upari land.

 

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Filed Under: General Awareness
Exam Prep: Bank Exams

Q:

Why are the Gypsies regarded as of Indian origin?

1.They follow Indian religious practices.

2.Their language, called Romani, is an Indo-Aryan language.

3.They believe that they came from India.

4.Epigraphic evidence locates their original home in Uttar Pradesh.

 

Select the correct answer using the code given below.

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

Explanation:

Gypsies are believed to have arrived in Europe from northern India in the 1400s. They were called Gypsies because Europeans thought they came from Egypt. This ethnic minority is made up of distinct groups called “tribes” or “nations.” Most of the Gypsies in German-occupied Europe belonged to the Sinti and Roma tribes.

Romani (romani ćhib) Romani, or Romany, is an Indo-Aryan language spoken by about 5-6 million Roma people throughout Europe and the USA. The largest concentrations of Roma people live in Turkey, Spain and Romania. In English these people are often called Gypsies.

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Filed Under: General Awareness
Exam Prep: Bank Exams