Questions

Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to 

A) improve B) diminish
C) remain constant D) first diminish and then improve
 
Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In 1537, which English King declared Feb14 of St. Valentine's Day?

A) Henry VIII B) Henry VII
C) Henry V D) Henry VI
 
Answer & Explanation Answer: B) Henry VII

Explanation:
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Filed Under: World History
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Alexander Kerensky was

A) the head of the Provisional Government in Russia before the October Revolution B) a  close  confidant  of  Lenin,  with  whose help the Czar was dethroned
C) the head of the Czar’s army D) an advisor of Joseph Stalin
 
Answer & Explanation Answer: A) the head of the Provisional Government in Russia before the October Revolution

Explanation:

Alexander Fyodorovich Kerensky was a Russian lawyer and revolutionary who was a key political figure in the Russian Revolutionof 1917. After the February Revolution of 1917 he joined the newly formed Russian Provisional Government

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Filed Under: World History
Exam Prep: Bank Exams

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Q:

As per the guidelines issued by the RBI in September 2017, all Peer-to-Peer lending (P2P) platforms will be treated as ______.

 

A) Payment Banks   B) Small Finance Banks  
C) NBFCs D) Regional Rural Banks
 
Answer & Explanation Answer: C) NBFCs

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

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Q:

Which of the following day National Statistics Day (NSD) has been celebrated in India?

A) 15th May B) 10th June
C) 27th June D) 29th June
 
Answer & Explanation Answer: D) 29th June

Explanation:

The National Statistics Day (NSD) is celebrated every year in India on 29th June to create public awareness about importance of statistics in socio-economic planning and
policy formulation.
Note: The 2017 theme is “Administrative Statistics”

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Filed Under: Important Days and Years
Exam Prep: Bank Exams

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Q:

Choose the CORRECT option if the two sides of a triangle is of length 4 cm and 10 cm and the length of its third side is a cm.

A) a<6 B) 6
C) a>5 D) 5
 
Answer & Explanation Answer: B) 6

Explanation:
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Q:

Indira Goswami, the famous editor, poet, scholar and writter won the Jnanpith Award in which language?

A) Bengali B) Odia
C) Assamese D) Hindi
 
Answer & Explanation Answer: C) Assamese

Explanation:
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Filed Under: Honours and Awards

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Q:

Which one of the following statements with regard to Antrix Corporation Limited is correct?

A) It is a commercial arm of the Department of Industrial Policy and Promotion. B) It is under the administrative control of the Department of Space. 
C) It is under the administrative control of the Ministry of Health and Family Welfare. D) It is a commercial arm of the Department of Science and Technology.
 
Answer & Explanation Answer: B) It is under the administrative control of the Department of Space. 

Explanation:

Antrix Corporation Limited (ACL), Bengaluru is a wholly owned Government of India Company under the administrative control of the Department of Space. Antrix Corporation Limited was incorporated as a private limited company owned by Government of India in September 1992 as a Marketing arm of ISRO for promotion and commercial exploitation of space products, technical consultancy services and transfer of technologies developed by ISRO. As the commercial and marketing arm of ISRO, Antrixis engaged in providing Space products and services to international customers worldwide.

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Filed Under: Business Awareness
Exam Prep: Bank Exams

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