Bank Exams Questions

Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

A) Perfect Competition B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: B) Monopoly

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: A) Inferior goods

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Q:

The height of a cone is 24 cm and the area of the base is 154 cm2 . What is the curved surface area (in cm2) of the cone?

A) 484 B) 550
C) 525 D) 515
 
Answer & Explanation Answer: B) 550

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Filed Under: Volume and Surface Area
Exam Prep: Bank Exams

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Q:

The demand for a normal good decreases with ________ in the consumer's income.

A) increase B) decrease
C) constant D) double
 
Answer & Explanation Answer: B) decrease

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Q:

Study the bar­graph given below which shows the % distribution of total expenditures of a company under various expense and answer the questions.

The expenditures on the interest on loans is more than the expenditures on transport by

A) 5% B) 10%
C) 40% D) 30%
 
Answer & Explanation Answer: C) 40%

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Filed Under: Bar Charts
Exam Prep: Bank Exams

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Q:

In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statement to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements.

Statements:
(I) All hill-stations have a sunset point.
(II) X is a hill station.

Conclusion:
(I) X has a sunset point.
(II) Place other than hill-station do not have sunset point.

A) Conclusion I follows B) Conclusion II follows
C) Neither I nor II follows D) Both I and II follows
 
Answer & Explanation Answer: A) Conclusion I follows

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

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Q:

As per the data released by the Income­Tax Department in December 2017, how much percent of total population paid income tax in the assessment year 2015­16?

A) 1.7 B) 5.7
C) 9.7 D) 11.7
 
Answer & Explanation Answer: A) 1.7

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Q:

In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements.

 

Statement:
(I) Petrol prices are increasing in the economy.
(II) The price of crude oil in international market has not shown reasonable increase.

 

Conclusions:
(I) The inflation has hit various commodities like petrol in the country.
(II) Demand for petrol is increasing but supply has not picked up with the same rate, hence resulting into hike in prices.

 

A) Only conclusion II follows B) Conclusion I and II both follow
C) Neither I nor II follow D) Only conclusion I follows
 
Answer & Explanation Answer: D) Only conclusion I follows

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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

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