Q:

What is a bank rate?

A) Rate at which Central bank of a country advances loans to other banks in the country	B) Rate at which banks advance loans to the customers
C) Rate at which banks lend among themselves	D) Rate at which banks lend to money lenders

Answer & Explanation Answer: A) Rate at which Central bank of a country advances loans to other banks in the country

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Filed Under: Indian Economy
Exam Prep: Bank Exams

1 930

Q:

If cash reserve ratio decreases, credit creation will _______.

A) increase	B) decrease
C) does not change	D) first decreases than increases

Answer & Explanation Answer: A) increase

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If the average total cost are Rs 54, total fixed cost is Rs 45000 and quantity produced is 2500 units, find the average variable costs (in Rs) of the firm?

A) 24	B) 18
C) 36	D) 60

Answer & Explanation Answer: C) 36

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

__________ is defined as the output per unit of variable input

A) Marginal product	B) Production function
C) Total product	D) Average product

Answer & Explanation Answer: D) Average product

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Five statements are given below, labelled A, B, C, D and E, among these, four statements are in logical order and form a coherent paragraph/passage. From the given options, choose the option that does not fit into the theme of the passage.

A) This takes us back to John Stuart Mill, the great nineteenth-century economist and philosopher, who believed that nobody can be a good economist if he or she is just an economist.	B) To be sure, most academic disciplines have become highly specialized since Mill’s day; and, since the collapse of theology,
C) no field of study has aimed to understand the human condition as a whole.	D) The life insurance industry has been destroyed by high and uncertain inflation as well.

Answer & Explanation Answer: D) The life insurance industry has been destroyed by high and uncertain inflation as well.

Explanation:

All statements except ‘D’ are based on the economists versus the economy, while sentence D talks about 'The Destructive Power of Inflation'.

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Which Constitutional Amendment Act gave constitutional recognition to the panchayats?

A) 72nd Constitutional Amendment Act	B) 73rd Constitutional Amendment Act
C) 74th Constitutional Amendment Act	D) 75th Constitutional Amendment Act

Answer & Explanation Answer: B) 73rd Constitutional Amendment Act

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

A form of government that is often totalitarian and authoritarian and can led by the one person or many people -

A) Unitary	B) Sovereign
C) Dictatorship	D) Confederation

Answer & Explanation Answer: C) Dictatorship

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

In which year was the Aam Aadmi Party founded?

A) 2010	B) 2011
C) 2012	D) 2013

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