Questions

Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand B) Law of supply
C) Law of substitution D) Law of optimal choice
 
Answer & Explanation Answer: A) Law of demand

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In a centrally planned economy, the ____________ plans all the important activities in the economy.

A) Industrialists B) Citizens
C) Government D) Judiciary
 
Answer & Explanation Answer: C) Government

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Filed Under: Indian Economy
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Q:

On 10 April 2017, Lok Sabha Passed the Motor Vehicles Act (Amendment) Bill, 2016. Under the new provisions, the compensation for death increased from Rs 25,000 to ______

A) Rs 2 lakh or more B) Rs 5 lakh or more
C) Rs 10 lakh or more D) Rs 15 lakh or more
 
Answer & Explanation Answer: A) Rs 2 lakh or more

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Filed Under: Indian Politics
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Q:

Indian Government is hopeful of bringing at least one crore subscribers by March 2018 under the Atal Pension Yojana (APY). What is the age limit for APY?

 

A) 21 to 60 years B) 18 to 40 years
C) 18 to 45 years D) 21 to 70 years
 
Answer & Explanation Answer: B) 18 to 40 years

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Filed Under: Indian Politics
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Q:

Which five year plan aimed at following regional approach, instead of a sectoral approach so as to bring down regional inequalities?

 

A) Ninth Five year plan B) Eighth Five year plan
C) Tenth Five year plan D) Eleventh Five year plan
 
Answer & Explanation Answer: C) Tenth Five year plan

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Filed Under: Indian Politics
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Q:

How many triangles are there in the given figure?

A) 18 B) 19
C) 20 D) 21
 
Answer & Explanation Answer: C) 20

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Q:

Statement I :The  passing  of  the  Coercive Acts  made reconciliation   between   Britain   and   her American colonies virtually impossible.

Statement II :The  British  Parliament,  having  issued  the Stamp Act in 1765, repealed it later.

A) Both the statements are individually true and Statement II is the correct explanation of Statement I B) Both the statements are individually true but Statement II is not the correct explanation of Statement I
C) Statement I is true but Statement II is false D) Statement I is false but Statement II is true
 
Answer & Explanation Answer: B) Both the statements are individually true but Statement II is not the correct explanation of Statement I

Explanation:
The Coercive Acts included a series of   laws   passed   by   the   British Parliament    in    1774,    including Boston Port Act, the Massachusetts Government Act, the Administration  of  Justice  Act,  and the  Quartering  Act  of  1774,  which were  meant  to  punish  American colonies  for  throwing  a  large  tea shipment  into  Boston Harbour,  so,the  passing  of  the  Coercive  Acts made reconciliation between Britain  and  her  American  colonies virtually impossible. The Stamp Act of  1765  was  passed  by  Parliament of  Great  Britain to  impose  a  direct tax   on   the   colonies   of   British America.  It  was  later  repealed  on March 18, 1766 after protest.
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Under Aajeevika Grameen Express Yojana (AGEY) launched in Aug 2017, the beneficiary will be provided an interest free loan upto ______ for purchase of the vehicle.

 

A) Rs 6.50 lakh B) Rs 8.50 lakh
C) Rs 7.50 lakh D) Rs 9.50 lakh
 
Answer & Explanation Answer: A) Rs 6.50 lakh

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Filed Under: General Awareness
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