Bank Exams Questions

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According to Rayleigh's law, the intensity of scattered light varies inversely as the fourth power of its wavelength. Sunlight consists of seven colours. Of these, red has the maximum wavelength. During sunrise and sunset, the rays have to travel a larger part of the atmosphere because they are very close to the horizon.Therefore, light other than red is mostly scattered away. Most of the red light, which is the least scattered, enters our eyes. Hence, the sun and the sky appear red.

Conduction is the movement of heat through a substance by the collision of molecules. It occurs when two object at different temperatures are in contact with each other. Heat flows from the warmer to the cooler object until they are both at the same temperature.

The basic concept in economics is that all resources are limited.

A master plan is devised for long-range goals.

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

The basic objective of monetary policy is to assist the economy in achieving a full-employment, noninflationary level of total output.

Cause-effect chain: Changes in the money supply affect interest rates, which affect investment spending and therefore aggregate demand.