Questions

Q:

The question given below consists of a statement, followed by two arguments numbered I and II. You have to decide which of the arguments is a 'strong' argument and which is a 'weak' argument.
Statement:

Should women be allowed into combat arms if they meet all standards?
Arguments:
I. Yes, women have already proven competence in combat – they have already been exposed to combat in Iraq and Afghanistan, so it makes no sense to officially continue excluding them.
II. No, the average female is physically weaker than the average male.

A) Only argument I is strong B) Only argument II is strong
C) Either I or II is strong D) Neither I nor II is strong and
 
Answer & Explanation Answer: A) Only argument I is strong

Explanation:

Argument I is strong as it gives a proper reason as to why women should be included in combat arms – because they have already worked in this area in Iraq and other places and so it makes sense to include them officially. Argument II is weak because it talks about a general scenario in comparing an average female with an average male.
However, what if a woman with exceptional athletic ability and toughness can meet and even exceed the standards currently set for male troops, on what basis should she be denied entry into combat arms? Therefore, option 1 is the correct answer.

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Q:

Goods  and  Services  Tax  likely  to  be  levied in India is not a

A) gross value tax B) value-added tax
C) consumption tax D) destination-based tax
 
Answer & Explanation Answer: A) gross value tax

Explanation:

GST  is  a  destination-based  tax,  it means   end   users   consuming   any goods or services is liable to pay the Goods  and  Services  Tax.  The  tax  is collected  by  the  State  in  which  the goods or services are consumed and not  by  the  state  in  which  goods  are manufactured    and    If    there    are exports,  the  seller  of  the  goods  or services  is  exempted  from  paying the tax. GST is a consumption-based tax,  it  means  the  state  where  the goods  were  consumed  will  receive GST   and   where   goods   were   sold should  not  get  any  taxes.GST  is  a value added tax as it is based on the increase  in  value  of  a  product  or service  at  each  stage  of  production or   distribution.GST   is   not   gross value tax.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

Explanation:
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Filed Under: Indian Economy
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Q:

___ is not a tributary of the river Ganges.

A) Yamuna B) Gomti
C) Kosi D) Manas
 
Answer & Explanation Answer: D) Manas

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Match the characteristics with their market structure:
(a) Firm has control over quantity of output but it must take into account reactions of competitors.
b) Firm will tend to set output so that it earns maximum profits.

A) (a) Oligopoly, (b) Pure competition B) (a) Monopolistic competition, (b) Oligopoly
C) (a) Pure Monopoly, (b) Pure competition D) (a) Oligopoly, (b) Pure Monopoly
 
Answer & Explanation Answer: D) (a) Oligopoly, (b) Pure Monopoly

Explanation:
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Filed Under: Indian Economy
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Q:

In December 2017, Mid-Term Review of the Foreign Trade Policy (FTP) was released. The review announced how much percent increase each in incentive rates of
Merchandise Exports from India Scheme and Services Export from India Scheme?

A) 5% B) 10%
C) 2% D) 15%
 
Answer & Explanation Answer: C) 2%

Explanation:
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Q:

In the following question, four groups of three numbers are given. In each group the second and third number are related to the first number by aLogic/Rule/Relation. Three are similar on basis of same Logic/Rule/Relation. Select the odd one out from the given alternatives

A) (8, 17, 33) B) (3, 7, 12)
C) (9, 19, 37) D) (15, 31, 61)
 
Answer & Explanation Answer: B) (3, 7, 12)

Explanation:
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Q:

A series is given, with one term missing. Choose the correct alternative from the given ones that will complete the series.

NOA, PQB, RSC, ?

A) TUD B) TVD
C) TUE D) TVE
 
Answer & Explanation Answer: A) TUD

Explanation:
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