Q:

Irfaan loves black coffee. A roadside stall selling a cup of black coffee at Rs. 120, offered 25% discount to Irfaan. If Irfaan was willing to pay even Rs. 200 for this cup of black coffee, Irfaan's consumer surplus is

A) 90	B) 80
C) 30	D) 110

Answer & Explanation Answer: D) 110

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Deindustrialisation means

A) uprooting of people from agriculture and planting them in industries	B) uprooting of people from agriculture and planting them in industries
C) a deliberate effort to compel the existing industries to shut down	D) a deliberate effort to promote the new industries

Answer & Explanation Answer: B) uprooting of people from agriculture and planting them in industries

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In August 2017, which of the following launched world’s first future contracts in ‘diamonds’?

A) Indian Commodity Exchange (ICEX)	B) Multi Commodity Exchange (MCEX)
C) National Association of Securities Dealers Automated Quotations (NASDAQ)	D) None of these

Answer & Explanation Answer: A) Indian Commodity Exchange (ICEX)

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

The data collected from which one of the following methods is not a primary data?

A) By direct personal interviews	B) By indirect personal interviews
C) By schedules sent through enumerators	D) From published thesis

Answer & Explanation Answer: D) From published thesis

Explanation:

Primary data is information that you collect specifically for the purpose of your research project.

An advantage of primary data is that it is specifically tailored to your research needs. A disadvantage is that it is expensive to obtain.

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Filed Under: Quantitative Aptitude - Data Interpretation
Exam Prep: Bank Exams

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Q:

What is the amount of work done when a body moves under a force of 1 N at a distance of 1 meter in the direction of the force?

A) 1 Joule	B) 0.01 Joules
C) 100 Joules	D) 10 Joules

Answer & Explanation Answer: A) 1 Joule

Explanation:

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams

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Q:

Which of the following statements is incorrect, if resources were unlimited?

A) there would still be scarcity and opportunity costs	B) there would still be scarcity but no opportunity costs
C) there would be no scarcity, but there would be opportunity costs.	D) there would neither be scarcity nor opportunity costs

Answer & Explanation Answer: C) there would be no scarcity, but there would be opportunity costs.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In April 2017, the announcement was made to change the Base year for GDP Calculation. The new Base year will be ______.

A) 2011-12	B) 2015-16
C) 2017-18	D) 2016-17

Answer & Explanation Answer: C) 2017-18

Explanation:

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Filed Under: Indian Economy
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Q:

As per Census of India 2011, the population density was about

A) 382 people per sq.km	B) 353 people per sq.km
C) 402 people per sq.km	D) 428 people per sq.km

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