General Knowledge Questions

Q:

Match the characteristics with their market structure:

(a) demand will tend to be inelastic
(b) Firm has control over quantity of output but it must take into account reactions of competitors

 

A) (a) Pure Monopoly, (b) Oligopoly B) (a) Pure Monopoly, (b) Monopolistic Competition
C) (a) Pure Competition, (b) Oligopoly D) (a) Monopolistic Competition, (b) Pure Competition
 
Answer & Explanation Answer: A) (a) Pure Monopoly, (b) Oligopoly

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which statements are CORRECT?

I. In early 1930’s Nylon was prepared from coal, water and air.

II. Nylon was the first fully synthetic fibre.

III. Nylon fibre was strong, elastic and light.

A) Only I and II B) Only I and III
C) Only II and III D) All I, II and III
 
Answer & Explanation Answer: D) All I, II and III

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Filed Under: Indian History
Exam Prep: Bank Exams

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Q:

Which one of the following with regard to the term ‘bank run’ is correct?

 

A) The net balance of money a bank has in its chest at the end of the day’s business B) The ratio of bank’s total deposits and total liabilities
C) A panic situation when the deposit holders start withdrawing cash from the banks D) The period in which a bank creates highest credit in the market
 
Answer & Explanation Answer: C) A panic situation when the deposit holders start withdrawing cash from the banks

Explanation:

A bank run occurs when a large number of people withdraw their money from a bank, because they believe the bank may cease to function soon.

A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time, as people suddenly try to convert their threatened deposits into cash or try to get out of their domestic banking system altogether.

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Q:

Reang (Bru) tribe belongs to which Indian State?

 

A) Assam B) Tripura
C) Nagaland D) Meghalaya
 
Answer & Explanation Answer: B) Tripura

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

The main source of National Income in India is

A) Service Sector B) Agriculture
C) Industrial Sector D) Trade Sector
 
Answer & Explanation Answer: A) Service Sector

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Q:

"Gilt-edged" means ___________.

 

A) bullion market   B) market of government securities  
C) market of guns D) market of pure metals
 
Answer & Explanation Answer: B) market of government securities  

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Q:

What is the location of India's first elevated Urban Expressway?

 

A) Mumbai to Pune B) Delhi to Gurugram
C) Chennai to Bengaluru D) Lucknow to Allahabad
 
Answer & Explanation Answer: B) Delhi to Gurugram

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

Which of the following exercised the most profound influence in framing the Indian Constitution?

A) British Constitution B) US Constitution
C) Irish Constitution D) The Government of India Act,1935
 
Answer & Explanation Answer: D) The Government of India Act,1935

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Filed Under: Indian Politics

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