General Knowledge Questions

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

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

One should use porcelain and not metal containers in a microwave oven because..

A) Charge may accumulate on the metal surface and there is danger of getting a shock B) Porcelain vessels are better conductors of heat and thus food gets cooked quickly
C) Metal containers might undergo chemical reaction leading to spoilage of food D) Porcelain vessels are cheaper than the metal containers
 
Answer & Explanation Answer: A) Charge may accumulate on the metal surface and there is danger of getting a shock

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams

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Q:

Reema wants to buy a certain designer party dress. The shop is offering a discount of 20% on that dress which is marked at Rs 5000. If Reema was willing to pay even Rs 7000 for that dress, Reema's consumer surplus is

A) Rs 3000 B) Rs 2000
C) Rs 1000 D) Rs 7000
 
Answer & Explanation Answer: A) Rs 3000

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Filed Under: Indian Economy
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Q:

The minimum price at which I was willing to sell my old TV was Rs 37,000. I quoted Rs 50,000 while selling it, but it sold for Rs 42,000. This transaction generated _____.

A) Rs 5000 worth of consumer surplus B) Rs 8000 worth of consumer surplus
C) Rs 5000 worth of producer surplus D) Rs 8000 worth of producer surplus
 
Answer & Explanation Answer: C) Rs 5000 worth of producer surplus

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

About 93% of Tribal women cannot contest for the post of Sarpanch in Rajasthan as they are not educated enough. What are the educational qualification necessary?

A) Minimum Qualification is class 2 B) Minimum Qualification is class 5
C) Minimum Qualification is class 7 D) Minimum Qualification is class 10
 
Answer & Explanation Answer: B) Minimum Qualification is class 5

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Business is for profits and the spirit of __________________ and driving high performance are encouraged in a ______________ environment. Also, in a democratic country like India, perceived _______________ in the distribution of earnings or wealth is crucial to hold the fabric of its society, be it the citizens __________ the country or employees of a corporation. The evolution of compensation practices in India over the ____________ five decades demonstrates the changes that have taken place.

 

India, perceived _______________ in the distribution

 

A) duty B) fairness
C) faith D) inequity
 
Answer & Explanation Answer: B) fairness

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Filed Under: English
Exam Prep: Bank Exams

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: Superstitions exist throughout the world despite scientific advances.
Q: One cannot heed anybody’s sneezes if one has to be punctual on duty or ‘cannot miss a flight.
R: But the spread of science and education among the masses has certainly given rise to a significant number of persons who do not believe in these superstitions.
S: The compulsions of modern life have also caused some of the superstitions to fade out.

 

A) RPSQ B) SQRP
C) SRQP D) PRSQ
 
Answer & Explanation Answer: D) PRSQ

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 

Through thick and thin

A) To be together under all circumstances, no matter how difficult B) None of the days are alike. Some are good and some are bad
C) To pass through various types of obstacles D) An obese person suddenly losing weight
 
Answer & Explanation Answer: A) To be together under all circumstances, no matter how difficult

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Filed Under: English
Exam Prep: Bank Exams

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