Questions

Q:

Which institution in India acts as 'lender of the last resort'?

A) Finance Ministry B) Reserve Bank of India
C) Treasury D) Currency Printing Presses
 
Answer & Explanation Answer: B) Reserve Bank of India

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

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Q:

What is cash budget ?

Answer

Cash budget is the budget which is prepared under the finance budget. It is an estimation of the expected cash receipts and cash payments during the budget period. By preparing cash budget it becomes possible for the organisation to predict whether at any point of time there will be excess or shortage of cash. Two main points should be remembered before preparing cash budget: Time period of the cash budget and the items to be included in the cash budget.

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Subject: Accounting and Finance Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank PO

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Q:

What is a bank rate?

A) Rate at which Central bank of a country advances loans to other banks in the country B) Rate at which banks advance loans to the customers
C) Rate at which banks lend among themselves D) Rate at which banks lend to money lenders
 
Answer & Explanation Answer: A) Rate at which Central bank of a country advances loans to other banks in the country

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The short run marginal cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If demand curve for an electric tooth brush is D = 25000 -­ 7P and supply curve is S = 10000 + 8P, find the equilibrium Price?

A) Rs 150 B) Rs 1000
C) Rs 400 D) Rs 50
 
Answer & Explanation Answer: B) Rs 1000

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Q:

Which of the following voted for Brexit in June 2016?

A) England and Scotland B) England and Wales
C) Scotland and Northern Ireland D) Wales and Northern Ireland
 
Answer & Explanation Answer: B) England and Wales

Explanation:

The decision by the electorate was to "Leave the European Union" which won by a majority of 1,269,501 votes (3.78%) over those who had voted in favour of "Remain a member of the European Union" with England and Wales voting to "Leave" whilst Scotland and Northern Ireland voted to "Remain".

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

‘Marketing Support and Services Scheme’ (in the Eleventh Plan) Supports artisans related to ___________.

A) Handicrafts B) Leather goods
C) Gems and Jewellery D) Handlooms
 
Answer & Explanation Answer: A) Handicrafts

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Q:

From the given answer figures, select the one in which the question figure is hidden.

A) 1 B) 2
C) 3 D) none
 
Answer & Explanation Answer: B) 2

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