Questions

Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent B) 7.8 percent
C) 10.2 percent D) 10 percent
 
Answer & Explanation Answer: A) 7.5 percent

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

On which date was the partition of India announced?

A) 15th August 1947 B) 3rd June 1947
C) 17th July 1947 D) 1st July 1947
 
Answer & Explanation Answer: B) 3rd June 1947

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Filed Under: Indian History
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Q:

The ___ founded the first city of Delhi and named it Indraprastha.

A) Portuguese B) Kauravas
C) Mughals D) Pandavas
 
Answer & Explanation Answer: D) Pandavas

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Filed Under: Indian History
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Q:

Rajesh walks 2 km to south, then turns north­east, and walks 3 km. Then he turns south and walks 2 kms. Then he turns west and walks 4 kms. Finally, he turns north­west and walks 5 kms. In which direction is he from his starting point?

A) North-­west B) North-east
C) South-east D) South-west
 
Answer & Explanation Answer: A) North-­west

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Q:

IRDAI has given its approval to LIC for the stake purchase, that will help get a capital support of Rs 10,000- 13,000 crore in which of the following state-owned banks?

A) Union Bank of India B) IDBI Bank
C) United Bank of India D) Indian Bank
 
Answer & Explanation Answer: B) IDBI Bank

Explanation:

Life Insurance Corporation of India is all set to become a knight in shining armour for the ailing IDBI Bank. In a first-of-its-kind transaction, the Insurance Regulatory and Development Authority of India (IRDAI) has approved a proposal allowing the former to acquire a majority stake in the bank.

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Filed Under: General Awareness

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Q:

Debugging is the process of

A) Rolling out a software program B) Modifying a software program
C) Checking errors in a software program D) Changing the design structure of a program
 
Answer & Explanation Answer: C) Checking errors in a software program

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Filed Under: Computer
Exam Prep: Bank Exams

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Q:

What is the present Personal Income Tax exemption limit for male individuals below 60 years of age & HUF (FY 2015-16)?

A) Rs. 2.5 lakhs B) Rs. 3 lakhs
C) Rs. 1.5 lakhs D) Rs. 4 lakhs
 
Answer & Explanation Answer: A) Rs. 2.5 lakhs

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Filed Under: Indian Politics
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Q:

Sambalpur is located in 

A) Odisha B) Uttarachand
C) Bihar D) West Bengal
 
Answer & Explanation Answer: A) Odisha

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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