Questions

Q:

Match the characteristics with their market structure:

(a) Differentiated products, but close substitutes for consumers so their demand curves are elastic.
(b) Firm will tend to set output so that it earns maximum profits.

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

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which one of the following with regard to the term ‘bank run’ is correct?

 

A) The net balance of money a bank has in its chest at the end of the day’s business B) The ratio of bank’s total deposits and total liabilities
C) A panic situation when the deposit holders start withdrawing cash from the banks D) The period in which a bank creates highest credit in the market
 
Answer & Explanation Answer: C) A panic situation when the deposit holders start withdrawing cash from the banks

Explanation:

A bank run occurs when a large number of people withdraw their money from a bank, because they believe the bank may cease to function soon.

A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time, as people suddenly try to convert their threatened deposits into cash or try to get out of their domestic banking system altogether.

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Q:

Several computers linked to a server to share programs and storage space________

A) Network B) Grouping
C) Library D) Integrated system
 
Answer & Explanation Answer: A) Network

Explanation:
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Q:

The highest mountain peak of Chhotanagpur Plateau is ________.

 

A) Dhoopgarh B) Pachmarhi
C) Parasnath D) Parasnath
 
Answer & Explanation Answer: C) Parasnath

Explanation:
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Filed Under: Indian Geography
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Q:

The idea of including the Emergency provisions in the Constitution of India has been borrowed from the

A) Constitution of Canada B) Weimar Constitution of Germany
C) Constitution of Ireland D) Constitution of USA
 
Answer & Explanation Answer: B) Weimar Constitution of Germany

Explanation:
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Q:

The International Date Line is located at

 

A) 180° longitude B) Standard meridian
C) Equator D) Greenwich meridian
 
Answer & Explanation Answer: A) 180° longitude

Explanation:
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Q:

A F Z U G L T _ 

Find the next letter in the above given letter series?

A) K B) M
C) O D) Q
 
Answer & Explanation Answer: C) O

Explanation:

Given series is A F Z U G L T _

Starts with A

A + 5 letters = F

go to end of alphabet= Z

Z - 5 letters = U

from F go one more to G + 5 letters = L

from U go one back to U, T - 5 letters = O

 

Second Method ::

Change the letters to their corresponding number.

A=1

B=2

C=3

...

Z=26

A F Z U G L T _

1 6 26 21 7 12 20 ?

Look at the pattern: the 1st and 3rd numbers = 27, 1+26

the 2nd and 4th numbers = 27, 6+21

the 5th and 7th numbers = 27,

so the 6 and 8th would also equal 27.

27 - 12 = 15,

so the letter is O.

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Q:

"Gilt-edged" means ___________.

 

A) bullion market   B) market of government securities  
C) market of guns D) market of pure metals
 
Answer & Explanation Answer: B) market of government securities  

Explanation:
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