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Q:

The law of demand implies that

A) the higher the price of a good, the lesser the quantity demanded B) the higher the price of a good, the higher the quantity demanded
C) the higher the quantity demanded, the higher the price of a good D) All of the above
 
Answer & Explanation Answer: A) the higher the price of a good, the lesser the quantity demanded

Explanation:

The law of demand implies that "The higher the price of a good, the lesser the quantity demanded".

 

 

For example:

If the rate of a mobile phone increased, the quantity demanded by the customers is decreased.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

2 2152
Q:

Which is the first payment bank in India?

A) Fino Payments Bank B) Airtel Payments Bank
C) Aditya Birla Payments Bank D) Paytm Payments Bank
 
Answer & Explanation Answer: B) Airtel Payments Bank

Explanation:

Airtel Payments Bank is the first payment bank in India. A payments bank is a new category of banks conceptualized by the Reserve Bank of India, which operates at a smaller scale than an actual bank and doesn't involve any credit risk. It can carry out most banking operations but can't advance loans or issue credit cards.

 


The RBI as of date has given licences to 11 payments bank of which six are currently operational. These include

  1. Aditya Birla Payments Bank,
  2. Airtel Payments Bank,
  3. India Post Payments Bank,
  4. Fino Payments Bank,
  5. Jio Payments Bank (and)
  6. Paytm Payments Bank.
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Filed Under: Indian Economy
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Q:

A sentence/a part of the sentence is underlined. Four alternatives are given to the underlined part which will improve the sentence. Choose the correct alternative and click the button corresponding to it. In case no improvement is needed, click the button corresponding to “No improvement”.

The police had to break the door to get in

A)  to break up  B)  to break in 
C)  to break down  D)  No improvement 
 
Answer & Explanation Answer: C)  to break down 

Explanation:
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Filed Under: English
Exam Prep: TOEFL , GRE , CAT

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Q:

The Pullman strike in 1894 began when

A) Pullman workers attempted to move out of the company town. B) the Pullman workers’ union voted for a wildcat strike.
C) a recession prompted the Pullman Company to lay off workers. D) a workers’ delegation met with and was fired by George Pullman.
 
Answer & Explanation Answer: C) a recession prompted the Pullman Company to lay off workers.

Explanation:
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Filed Under: World History
Exam Prep: AIEEE , Bank Exams
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Q:

What has holes but holds water?

Answer

A sponge has many holes but it absorbs water and can hold them in it.

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Subject: Word Puzzles Exam Prep: CAT , Bank Exams , AIEEE
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Q:

In which layer of the atmosphere does weather occur?

A) Troposphere B) Stratosphere
C) Ionosphere D) Mesosphere
 
Answer & Explanation Answer: A) Troposphere

Explanation:
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Filed Under: General Science
Exam Prep: AIEEE , Bank Exams , CAT
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4 2151
Q:

The president can dissolve the Lok Sabha on

A) advice of the prime minister B) recommendation of Lok Sabha
C) recommendation of the Rajya Sabha D) advice of the chief justice of India
 
Answer & Explanation Answer: A) advice of the prime minister

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

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Q:

Which city has been named as the World Capital of Architecture for 2020?

A) Rio de Janeiro B) Melbourne
C) Tokyo D) Paris
 
Answer & Explanation Answer: A) Rio de Janeiro

Explanation:

Rio de Janeiro has been named as the World Capital of Architecture for 2020.

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT
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