Q:

On 25 October 2017, government announced a recapitalisation plan for state-owned banks. How much amount was announced for Banks’ recapitalisation?

A) Rs 3.11 lakh crore	B) Rs 5.1 lakh crore
C) Rs 2.11 lakh crore	D) Rs 7 lakh crore

Answer & Explanation Answer: C) Rs 2.11 lakh crore

Explanation:

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Q:

___ is not a tributary of the river Ganges.

A) Yamuna	B) Gomti
C) Kosi	D) Manas

Answer & Explanation Answer: D) Manas

Explanation:

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Q:

Goods and Services Tax likely to be levied in India is not a

A) gross value tax	B) value-added tax
C) consumption tax	D) destination-based tax

Answer & Explanation Answer: A) gross value tax

Explanation:

GST is a destination-based tax, it means end users consuming any goods or services is liable to pay the Goods and Services Tax. The tax is collected by the State in which the goods or services are consumed and not by the state in which goods are manufactured and If there are exports, the seller of the goods or services is exempted from paying the tax. GST is a consumption-based tax, it means the state where the goods were consumed will receive GST and where goods were sold should not get any taxes.GST is a value added tax as it is based on the increase in value of a product or service at each stage of production or distribution.GST is not gross value tax.

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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45	B) 0.55
C) 2	D) 1.25

Answer & Explanation Answer: B) 0.55

Explanation:

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Q:

Match the characteristics with their market structure:
(a) Firm has control over quantity of output but it must take into account reactions of competitors.
b) Firm will tend to set output so that it earns maximum profits.

A) (a) Oligopoly, (b) Pure competition	B) (a) Monopolistic competition, (b) Oligopoly
C) (a) Pure Monopoly, (b) Pure competition	D) (a) Oligopoly, (b) Pure Monopoly

Answer & Explanation Answer: D) (a) Oligopoly, (b) Pure Monopoly

Explanation:

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Q:

Rajaji National Park is in ___.

A) Tamil Nadu	B) Uttarakhand
C) Karnataka	D) Kerala

Answer & Explanation Answer: B) Uttarakhand

Explanation:

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

In December 2017, Mid-Term Review of the Foreign Trade Policy (FTP) was released. The review announced how much percent increase each in incentive rates of
Merchandise Exports from India Scheme and Services Export from India Scheme?

A) 5%	B) 10%
C) 2%	D) 15%

Answer & Explanation Answer: C) 2%

Explanation:

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Q:

Which is the most important factor that determines whether advertising by manufacturing sector will lead to higher sales?

A) Demand is elastic	B) Demand is inelastic
C) The product can be differentiated	D) The product can be homogenous.

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