Q:

Who is number 1 in the Forbes 2016 ranking of World's billionaires?

A) Warren Buffet	B) Amancio Ortega
C) Bill Gates	D) Carlos Slim Helu

Answer & Explanation Answer: C) Bill Gates

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

In Jan 2016, who among the following was chosen as the new face for Incredible India Campaign?

A) Aamir Khan	B) Amitabh Bachchan
C) Shah Rukh Khan	D) Salman Khan

Answer & Explanation Answer: B) Amitabh Bachchan

Explanation:

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Filed Under: Famous Personalities
Exam Prep: Bank Exams

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Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist	B) Socialist
C) Mixed	D) Both Capitalist and Socialist

Answer & Explanation Answer: A) Capitalist

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

A manufacturer faces price elasticity of demand of a 1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be _____.

A) 5.15 percent	B) 7.65 percent
C) 8 percent	D) 5.12 percent

Answer & Explanation Answer: C) 8 percent

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

A) Rs 7200	B) Rs 9000
C) Rs 14400	D) Rs 19800

Answer & Explanation Answer: C) Rs 14400

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The principles of internal control include

A) Maintain Records	B) Segregate of Duties
C) Mandatory Employee Rotation	D) All the above

Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.

The main internal control principles include:

Establish Responsibilities
Maintain Records
Insure Assets by Bonding Key Employees
Segregate of Duties
Mandatory Employee Rotation
Split Related Party Responsibility
Use Technological Controls
Perform Regular Independent Reviews

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which part of the human brain is the centre for intelligence, memory and emotions?

A) Hypothalamus	B) Cerebrum
C) Corpus Callosum	D) Mid Brain

Answer & Explanation Answer: B) Cerebrum

Explanation:

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams

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Q:

'737 MAX' is the airliner of which famous company?

A) Boeing	B) Qantas
C) Emirates	D) Air Bus

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