Questions

Q:

What was one outcome of laissez faire economic policies?

A) Poverty traps that cannot be escaped through free choice B) Monopoly power that emerges naturally in the market and allows businesses to exploit consumers
C) Businesses pay workers low D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Laissez-faire is simply a way to describe a government's hands-off approach to economic policies. This approach was particularly prevalent in the United States at the turn of the 20th century, which led to numerous issues within American manufacturing.

 

There are many outcomes of laissez-faire economic policies. Some of the outcomes of laissez-faire economics were:

* Businesses pay workers low.

* Pollution of air and water.

* Poverty traps that cannot be escaped through free choice. 

* General glut that results from overproduction or underconsumption

* Monopoly power that emerges naturally in the market and allows businesses to exploit consumers. 

* Exploitation of the working class that pushes wages down to subsistence and compels laborers to work in harsh and unsafe conditions. 

* External economies that generate situations where desirable goods are underproduced on the market, and undesirable goods are overproduced on the market. 

* Public goods that are not supplied by the market due to free-rider problems.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Rockr, a cell phone from Motorola that uses Apple's iTunes software and stores up to 100 songs in its Flash memory, has been launched by 

A) Nokia B) Samsung
C) Motorola D) Bird
 
Answer & Explanation Answer: C) Motorola

Explanation:
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Filed Under: Business Awareness

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Q:

Nucleoli are present during

A) prophase B) anaphase
C) interphase D) prometaphase
 
Answer & Explanation Answer: C) interphase

Explanation:

Nucleoli are present during Interphase.

Chromosomes become visible during Prophase.

Centromeres divide and sister chromatids become full-fledged chromosomes during Anaphase.

Spindle fibers attach to kinetochores during Prometaphase.

 

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Filed Under: Biology
Exam Prep: AIEEE
Job Role: Analyst

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Q:

Who amongst the following are the most literate in India as per 2001 Census

A) Buddhists B) Christianity
C) Jains D) Sikkims
 
Answer & Explanation Answer: C) Jains

Explanation:
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Filed Under: Indian Economy

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Q:

In a Comprehensive settlement of Dabhol Power Project, two American companies have agreed to transfer its share in the project. One of them is General Electric. Identify another one.

A) Exxon Mobile B) Bechtel
C) Chevron D) Unocal
 
Answer & Explanation Answer: B) Bechtel

Explanation:
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Filed Under: Business Awareness

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Q:

Indian state where Uniform Civil Code is applied?

A) Uttarakhand B) Uttar Pradesh
C) Goa D) Delhi
 
Answer & Explanation Answer: C) Goa

Explanation:

Uniform civil code is the ongoing point of debate within Indian mandate to replace personal laws based on the scriptures and customs of each major religious community in India with a common set of rules governing every citizen.

 

Goa is the only state in INdia where Uniform Civil Code is applied. Laws are equal to all religion. Polygamy and triple talaq are illegal. 

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Filed Under: General Awareness
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Q:

China and Pakistan air forces have launched _________ joint air exercise in China.

A) Black Flag B) Desert Eagle
C) Red Flag D) Shaheen
 
Answer & Explanation Answer: D) Shaheen

Explanation:

The air forces of China and Pakistan began a joint training exercise SHAHEEN and deployed their latest fighter jets and AWACS aircraft. 

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Filed Under: World Geography
Exam Prep: Bank Exams , CAT
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Q:

Which dynasty was in power throughout the 1500's in China?

A) Han B) Ming
C) Manchu D) Yuan
 
Answer & Explanation Answer: B) Ming

Explanation:
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Filed Under: World History

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