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Q:

The total sum of the goods and services produced in a country in a year, minus depreciation is called as ________.

A) Net Domestic Product B) Gross National Income
C) Gross Domestic Product D) Net National Product
 
Answer & Explanation Answer: A) Net Domestic Product

Explanation:

Gross Domestic Product : 

It is the total value of all final goods and services produced within the boundary of country during the given period of time. 

Gross National Product :

It is the total value of the total output or production of final goods and services produced by the nationals of a country during a given period of time. 

Gross National Income : 

It is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP) plus factor incomes earned by foreign residents, minus income earned in the domestic economy by non-residents.

Net National Product :

The total value of goods produced and services provided in a country during one year, after depreciation of capital goods has been allowed for.

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Filed Under: Bank Interview
Exam Prep: Bank Exams , CAT
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Q:

Which city is known as 'Gold capital of the world' ?

A) Johannesburg B) Paris
C) Dubai D) Saudi
 
Answer & Explanation Answer: A) Johannesburg

Explanation:
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Filed Under: World Geography
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Q:

Lucky started working 2 years ago. Her starting salary was half of Karthik's salary at that time. Each year since then Lucky and Karthik have received a rise of 10% in their respective salary. What percentage (to the nearest percent) of Karthik's current salary is Lucky's current salary ?

A) 75% B) 22.5%
C) 35% D) 50%
 
Answer & Explanation Answer: D) 50%

Explanation:

Let the salary of Karthik 2 years ago be Rs.100
So, Lucky's salary 2 years ago was Rs.50

 

Karthik's present salary has seen two 10 percent increases. So as Lucky's salary.

So, Karthik's salary 1 year ago = 100 + 10% of 100 = 100 + 10 = 110.
Karthik's present salary = 110 + 10% of 110 = 110 + 11 = 121.

 

Lucky's salary 1 year ago = 50 + 10% of 50 = 50 + 5 = 55
Lucky's present salary = 55 + 10% of 55 = 55 + 5.5 = 60.5

 

Lucky's present salary of 60.5 = 50% of Karthik's present salary of 121.

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Filed Under: Percentage
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Q:

Who was appointed as Director General of Goods and Service Tax Intelligence (DG GSTI) ?

A) Uttam Singh B) Gurindar Chadha
C) Richard Verma D) John Joseph
 
Answer & Explanation Answer: D) John Joseph

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT
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Q:

Madhu got 32% of the maximum marks in a Bank examination and failed by 8 marks. However, Kumar who took the same examination got 42% of the total marks and got 16 marks more than the cut-off marks. What was the cut-off marks in the examination ?

A) 76.8 B) 86.8
C) 78.8 D) 84.8
 
Answer & Explanation Answer: D) 84.8

Explanation:

Let 'M' be the maximum marks in the examination.

Therefore, Madhu got 32% of M = 32M/100 = 0.32M
And Kumar got 42% of M = 42M/100 = 0.42M.
In terms of the maximum marks Kumar got 0.42M - 0.32M = 0.1M more than Madhu. ---- (1)

The problem however, states that Kumar got 16 marks more than the cut-off mark and Madhu got 8 marks less than the cut-off mark. Therefore, Kumar has got 16 + 8 = 24 marks more than Madhu. ---- (2)

Now, Equating (1) and (2), we get
0.1M = 24 => M = 24/0.1 = 240
'M' is the maximum mark and is equal to 240 marks.
We know that Madhu got 32% of the maximum marks.
Therefore, Madhu got 32 x 240/100 = 76.8 marks.
We also know that Madhu got 8 marks less than the cut-off marks.

Therefore, the cut-off marks will be 8 marks more than what Madhu got
= 76.8 + 8 = 84.8.

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Filed Under: Percentage
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Q:

Which of the following is the basic characteristic of Oligopoly ?

A) a few sellers, many buyers B) many sellers, a few buyers
C) a few sellers, a few buyers D) a few sellers, one buyer
 
Answer & Explanation Answer: A) a few sellers, many buyers

Explanation:
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Filed Under: Indian Economy
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Q:

In a certain code language

" given  time  simple  plan " is written as ' @E4  &N4  %N5  #E6 '

" tired  solution  plant  great " is written as ' #N8  @D5  %T5  &T5 '

" sick  point  good  turn " is written as ' #K4  %D4  @N4  &T5 '

" garden  sister  phone  team " is written as ' &E5  #R6  %N6  @M4 '

Which of the following code is for ' plan ' and ' translate ' ?

A) @E8 and &N5 B) &N4 and @E9
C) @E1 and &N4 D) &N4 and @D7
 
Answer & Explanation Answer: B) &N4 and @E9

Explanation:

plan is given in first step. Total count of letters is 4 and last letter is N and ‘p’ is coded as & so Final answer will be-  &N4

We have to find 'translate' code. As we can see that this word is not given in any steps but as we know the idea of that so we can solve it.

Step I: first we will count the letters of that word that is 9, then we put digit 9 at the right end.

Step II: we will put the last letter of that word then it will like- E9

Step III: at the last step ‘t’ is coded for ‘@’(first letter of each word is coded by a specific symbol like here ‘t’ is coded for ‘@’. We can find the first coded symbol by looking at the other given words.

Answer will be - @E9

 

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Filed Under: Coding and Decoding
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Q:

Seven people A, B, C, D, E, F and G live on separate floors of a 7-floor building. Ground floor is numbered 1, first floor is numbered. 2 and so on until the topmost floor is numbered 7. Each one of these having a different cars-Cadillac, Ambassador, Fiat, Maruti, Mercedes, Bedford and Fargo but not necessarily in the same order. Only three people live above the floor on which A lives. Only one person lives between A and the one having a car Cadillac. F lives immediately below the one having a car Bedford. The one having a car Bedford lives on an even-numbered floor. Only three people live between the ones having a car Cadillac and Maruti. E lives immediately above C. E is not having a car Maruti. Only two people live between B and the one having a car Fargo. The one having a car Fargo lives below the floor on which B lives. The one having a car Fiat does not live immediately above D or immediately below B. D does not live immediately above or immediately below A. G does not have a car Ambassador.

Question :

 How many people live between the floors on which D and the one having a car Bedford ?

A) One B) Two
C) Three D) Four
 
Answer & Explanation Answer: B) Two

Explanation:

111-151497940723.png image

Above is the table obtained from the given information in the passage.

There are two people (B & G) live between the floors on which D and the one having a car Bedford.

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