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Q:

The interstate commerce act of 1887 required

Answer

The Interstate Commerce Act of 1887 is a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices.


 


The reason that the Interstate Commerce Act required that rates be published was to avoid secret rebates and similar deals. Until then, big shippers would demand rebates from railroads, which would in effect reduce their shipping costs without letting competitors know. This is anti-competitive.


Hence, the Act required that railroad rates be "reasonable and just," but did not empower the government to fix specific rates.


 

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Subject: World History Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Which State has the highest Lok Sabha seats in India?

A) Maharashtra B) Madhya Pradesh
C) Uttar Pradesh D) Bihar
 
Answer & Explanation Answer: C) Uttar Pradesh

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Filed Under: Indian Politics
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Which Virus causes Chicken Pox?

A) Rubella Virus B) Herpes Zoster Virus
C) Rabies D) Variola Virus
 
Answer & Explanation Answer: B) Herpes Zoster Virus

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Which of the following device is best suited for measuring the temperature inside metallurgical furnaces?

A) Pyrometer B) Thermocouple
C) Thermometer D) Thermistor
 
Answer & Explanation Answer: A) Pyrometer

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Consider the given question and decide which of the following statements is/are sufficient to answer the question.


Between X and Y who is the better dancer?

Statements :
1. X had given more dance auditions.
2. Y had given more stage performances.

A) Both statements 1 and 2 are sufficient B) Neither sufficient 1 nor 2 is sufficient
C) Statement 1 alone is sufficient while sufficient 2 alone is insufficient D) Statement 2 alone is suuficient while sufficient 1 alone is insufficient
 
Answer & Explanation Answer: D) Statement 2 alone is suuficient while sufficient 1 alone is insufficient

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Filed Under: Statement and Conclusions
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

A bank offers 20% compound interest per half year. A customer deposits Rs 6000 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is

A) Rs 7680 B) Rs 3840
C) Rs 1920 D) Rs 960
 
Answer & Explanation Answer: B) Rs 3840

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Filed Under: Compound Interest
Exam Prep: AIEEE , Bank Exams

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Q:

Group of Monuments at Hampi is in _______.

A) Karnataka B) Madhya Pradesh
C) Maharashtra D) Rajasthan
 
Answer & Explanation Answer: A) Karnataka

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Filed Under: Indian Geography
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Who was known as the liberator?

A) Bentick B) St. Metcalf
C) Simon Boliver D) Hastings
 
Answer & Explanation Answer: C) Simon Boliver

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Filed Under: World History
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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