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Q:

Consider the following statements about a joint-stock company:

1. It has a legal existence.

2. There is limited liability of shareholders.

3. It has a democratic management.

4. It has a collective ownership.

Which of the statements given above are correct?

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

Explanation:

Joint stock company is a voluntary association of individuals for profit, having a capital divided into transferable shares, the ownership of which is the condition of membership.

The definition of a joint stock company highlights the following features of a company.

Separate legal entity:From the day of its incorporation, a company acquires an identity, distinct from its members. Its assets and liabilities are separate from those of its owners. The law does not recognise the business and owners to be one and the same.

The management and control of the affairs of the company is undertaken by the Board of Directors, which appoints the top management officials for running the business. The directors hold a position of immense significance as they are directly accountable to the shareholders for the working of the company. The shareholders, however, do not have the right to be involved in the day-to-day running of the business. The liability of the members is limited to the extent of the capital contributed by them in a company

The risk of losses in a company is borne by all the shareholders. This is unlike the case of sole proprietorship or partnership firm where one or few persons respectively bear the losses.

 

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

Consider the following statements about indifference curves:

1. Indifference curves are convex to the origin.

2. Higher indifference curve represents higher level of satisfaction.

3. Two indifference curves cut each other.Which of the statements given above is/are correct?

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

Explanation:

The indifference curves cannot intersect each other.

Higher indifference curve represents a higher level of satisfaction because higher IC means a bundle consisting more of both the goods or same quantity of one good n more quantity of the other good .Hence statement 2 is correct and 3 is incorrect.

Indifference curves is convex to the point of origin because of diminishing Marginal Rate of Substitution.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

Consider the following statements about Harappan cities :

1.Roads were not always absolutely straight and did not always cross one another at right angles.

2.A striking feature is the uniformity in the average size of the bricks for houses and for city walls.Which of the statements given above is/are correct?

A) 1 only B) 2 only
C) Both 1 and 2  D) Neither 1 nor 2
 
Answer & Explanation Answer: C) Both 1 and 2 

Explanation:

Harappa cities followed the rectangular grid pattern where roads were straight and cut each other at right angle. But it may not be the case always.

Brick size was uniform in nearly every Harappan city from Sutkagendor in Baluchistan to Alamgirpurin Meerut, from Manda in Jammu Kashmir to Daimabad in Maharashtra.

 

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Filed Under: Indian History
Exam Prep: Bank Exams

Q:

Consider the given statement/s to be true and decide which of the given conclusions/assumptions can definitely be drawn from the given statement.
Statement: To achieve economic development, people should work hard.
Conclusions: I: Economic development is directly related to people's hardwork.
II: Working hard by all the people is impossible

A) Only I follows B) Only II follows
C) Both I and II follow D) Neither I nor II follows
 
Answer & Explanation Answer: A) Only I follows

Explanation:
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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

Q:

Consider the following statement :“If you feel you are trapped in a black hole, don’t give up. There is a way out “Who among the following made the above statement?

A) Albert Einstein B) Stephen Hawking
C) C. V. Raman D) Abdus Salam
 
Answer & Explanation Answer: B) Stephen Hawking

Explanation:

"If you feel you are trapped in a black hole, don't give up. There is a way out." —Stephen Hawking.

 

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Filed Under: General Awareness
Exam Prep: Bank Exams

Q:

Consider the given statement/s to be true and decide which of the given conclusions/assumptions can definitely be drawn from the given statement.
Statement: No man is a donkey. Ajay is a man.
Conclusion I: Ajay is not a donkey.
II: All man are not Ajay.

A) Only conclusion I follows B) Only conclusion II follows
C) Both conclusion I and conclusion II follow D) Neither conclusion I nor conclusion II follows
 
Answer & Explanation Answer: B) Only conclusion II follows

Explanation:
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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

Q:

Consider the given statement/s to be true and decide which of the given conclusions/assumptions can definitely be drawn from the given statement.

Statements: 1. Some principals are teachers.

2. All teachers are students.

Conclusions:

I. All principals are students.

II. Some students are principals.

A) Only conclusion I follows B) Only conclusion II follows
C) Both conclusion I and conclusion II follow D) Neither conclusion I nor conclusion II follows
 
Answer & Explanation Answer: B) Only conclusion II follows

Explanation:
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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

Q:

Consider the given statement/s to be true and decide which of the given conclusions/assumptions can definitely be drawn from the given statement.

Statement:

Poverty is a symptom as well as a consequence of social disorder.

Assumptions:

I. Poverty is a type of social order

II. Poverty is related to social order

A) only I assumption is correct B) only assumption II is correct
C) Both assumptions I and II are correct D) Neither assumption I nor II is correct
 
Answer & Explanation Answer: D) Neither assumption I nor II is correct

Explanation:
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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams