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 Business Awareness Questions

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Q:

Which of the following does not fall into the functions ofPayments Banks?

A) acceptance of demand deposits B) Internet banking
C) remittance services D) lending services
 
Answer & Explanation Answer: D) lending services

Explanation:
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Filed Under: Business Awareness
Exam Prep: Bank Exams

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Q:

The demand curve facing a perfectly competitive firm is

A) Line sloping upwards B) Horizontal line
C) Line sloping downwards D) Vertical line
 
Answer & Explanation Answer: B) Horizontal line

Explanation:

The demand curve facing a perfectly competitive firm is a horizontal straight line equal to the equilibrium price of the entire market because a perfectly competitive firm can sell all units brought to market at the same price.

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Filed Under: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

On a classified balance sheet, companies usually list current assets

A) in the order of acquisition. B) with the largest dollar amounts first.
C) in alphabetical order. D) in the order in which they are expected to be converted into cash.
 
Answer & Explanation Answer: D) in the order in which they are expected to be converted into cash.

Explanation:
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Filed Under: Business Awareness
Exam Prep: Bank Exams , CAT

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Q:

The Business Entity concept means that

Answer

The Business Entity concept is also called as Separate Entity or Economic Entity concept. This concept states that the transactions and all the balances related or associated with a business must be recorded or accounted separately from other businesses or the individual personal transactions.

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Subject: Business Awareness Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

As per the guidelines issued by the RBI in September 2017, all Peer-to-Peer lending (P2P) platforms will be treated as ______.

 

A) Payment Banks   B) Small Finance Banks  
C) NBFCs D) Regional Rural Banks
 
Answer & Explanation Answer: C) NBFCs

Explanation:
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Exam Prep: Bank Exams

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Q:

Making Optimal decisions at the margin requires

Answer

Making Optimal decisions at the margin requires "Weighing the costs and benefits of a decision before deciding if it should be pursued".


 

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Subject: Business Awareness Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

For a good that is a luxury demand

A) has unit elasticity B) tends to be inelastic
C) tends to be elastic D) cannot be represented
 
Answer & Explanation Answer: C) tends to be elastic

Explanation:

For a good that is a luxury demand tends to be elastic.

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Filed Under: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

An increase in the price level will cause a _ the aggregate demand curve.

A) shift up B) shift left
C) shift right D) None of the above
 
Answer & Explanation Answer: A) shift up

Explanation:

An increase in the price level will cause a movement up the aggregate demand curve.

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Filed Under: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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