Q:

Which one of the following statements in respect of the States of India is not correct?

A) States in India cannot have their own Constitutions.	B) The State of Jammu and Kashmir has its own Constitution.
C) States in India do not have the right to secede from the Union of India.	D) The maximum number of members in the Council of Ministers of Delhi can be 15 percent of the total number of members in the Legislative Assembly.

Answer & Explanation Answer: B) The State of Jammu and Kashmir has its own Constitution.

Explanation:

There shall be a Council of Ministers consisting of not more than ten per cent (a special provision for Delhi as against the 15 percent clause under 91st Amendment Act)of the total number of members in the Legislative Assembly, with the Chief Minister at the head to aid and advise the Lieutenant Governor in the exercise of his functions in relation to matters with respect to which the Legislative Assembly has power to make laws.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Which is the 1st Central Bank to reach one million followers on twitter?

A) Central Bank of India	B) Reserve Bank of India
C) The Bank of Ghana	D) Bank of America

Answer & Explanation Answer: B) Reserve Bank of India

Explanation:

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Filed Under: General Awareness
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

Explanation:

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Filed Under: Indian Economy
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Q:

The State Financial Corporations have given assistance mainly to develop___________.

A) agriculture farms	B) cottage industries
C) medium and small-scale industries	D) large scale industries

Answer & Explanation Answer: C) medium and small-scale industries

Explanation:

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Filed Under: Indian Economy
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Q:

The 14th Finance Commission has recommended increase in States share in net proceeds from tax collection from 32% to

A) 35%	B) 40%
C) 42%	D) 45%

Answer & Explanation Answer: C) 42%

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity?

A) 20000	B) 10000
C) 15000	D) 12000

Answer & Explanation Answer: A) 20000

Explanation:

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Q:

If quantity of good X demanded increases from 4000 units to 5000 units when price of good Y increases from Rs 75 to Rs 90, find Arc Cross elasticity of demand?

A) 0.55	B) 1.66
C) 0.25	D) 1.22

Answer & Explanation Answer: D) 1.22

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If a mirror is placed on the line AB, then which of the answer figures is the right image of the given figure?

A) 1	B) 2
C) 3	D) 4

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