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Q:

Which one of the following writs is issued by the Supreme Court to secure the freedom of a person upon unlawful arrest?

 

A) Habeas Corpus   B) Mandamus
C) Certiorari D) Quo Warranto
 
Answer & Explanation Answer: A) Habeas Corpus  

Explanation:

Habeas Corpus: a writ requiring a person under arrest to be brought before a judge or into court, especially to secure the person's release unless lawful grounds are shown for their detention.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

Q:

Which one of the following statements is not correct with respect to Article 32 of the Constitution of India?

A) It provides remedies to citizens for the enforcement of fundamental rights.   B) It is a part of fundamental rights.
C) The Supreme Court cannot refuse a writ petition under Article 32 on the ground of delay. D) Protection under Article 32 also applies to the enforcement of ordinary law which has nothing to do with the fundamental rights.
 
Answer & Explanation Answer: D) Protection under Article 32 also applies to the enforcement of ordinary law which has nothing to do with the fundamental rights.

Explanation:

Protection under Article 32 applies only to the fundamental rights as provided by the Constitution.

 

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Filed Under: Indian Politics
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Q:

Four words are given, out of which only one word is spelt correctly. Choose the correctly spelt word and click the button corresponding to it.

A) Separate B) Saparate
C) Saperate D) Seperate
 
Answer & Explanation Answer: A) Separate

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

Q:

Capital deepening refers to 

A) going for more fixed capital per worker B) emphasis on social overhead capital
C) constant capital-output ratio D) increasing capital-output ratio
 
Answer & Explanation Answer: A) going for more fixed capital per worker

Explanation:

Capital deepening is a situation where the capital per worker is increasing in the economy. This is also referred to as increase in the capital intensity. Capital deepening is often measured by the rate of change in capital stock per labour hour.

 

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

In the following question, out of the four alternatives, choose the word which is opposite in meaning to the given word and click the button corresponding to it.

FORLORN

A) JOYFUL B) LUCKY
C) FORTUNATE D) FREE
 
Answer & Explanation Answer: A) JOYFUL

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

Q:

In the following question, out of the four alternatives, choose the word which best expresses the meaning of the given word and click the button corresponding to it.

SYCOPHANT

A) PSYCHE B) FLATTERER
C) CRITIC D) SLAVE
 
Answer & Explanation Answer: B) FLATTERER

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

Q:

According to the Classical Theory of Employment, deviations from the state of full employment are

A) Purely temporary in nature B) permanent in nature  
C) imaginary situations D) normal situations
 
Answer & Explanation Answer: A) Purely temporary in nature

Explanation:

The classical economists believed in the existence of full employment in the economy. To them, full employment was a normal situation and any deviation from this regarded as something abnormal. According to Pigou, the tendency of the economic system is to automatically provide full employment in the labour market when the demand and supply of labour are equal.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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