Questions

Q:

What was one outcome of laissez faire economic policies?

A) Poverty traps that cannot be escaped through free choice B) Monopoly power that emerges naturally in the market and allows businesses to exploit consumers
C) Businesses pay workers low D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Laissez-faire is simply a way to describe a government's hands-off approach to economic policies. This approach was particularly prevalent in the United States at the turn of the 20th century, which led to numerous issues within American manufacturing.

 

There are many outcomes of laissez-faire economic policies. Some of the outcomes of laissez-faire economics were:

* Businesses pay workers low.

* Pollution of air and water.

* Poverty traps that cannot be escaped through free choice. 

* General glut that results from overproduction or underconsumption

* Monopoly power that emerges naturally in the market and allows businesses to exploit consumers. 

* Exploitation of the working class that pushes wages down to subsistence and compels laborers to work in harsh and unsafe conditions. 

* External economies that generate situations where desirable goods are underproduced on the market, and undesirable goods are overproduced on the market. 

* Public goods that are not supplied by the market due to free-rider problems.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

$32000 is invested at 10% for 2 years.Find the interest compounded Yearly

A) 4720 B) 5720
C) 6720 D) 7720
 
Answer & Explanation Answer: C) 6720

Explanation:

M=P(1+i)^n

 

I=M-P

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Q:

Diagrammatic representation of data includes which of the following?

1) Bar diagram

2) Pie-diagram

3) Pictogram

Select the correct answer using the code given below:

 

A) 1 and 2 only B) 2 and 3 only
C) 1 and 3 only D) 1, 2 and 3
 
Answer & Explanation Answer: D) 1, 2 and 3

Explanation:
All three are types of data representation
Pictogram uses pictures so show different identities with different numbers
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Q:

What occurs during the appropriations process?

A) Congress acquires requested oversight material from the executive. B) Congress instructs the president to eliminate federal agencies.
C) Congress grants funds to federal agencies. D) Congress makes laws.
 
Answer & Explanation Answer: C) Congress grants funds to federal agencies.

Explanation:

Appropriations are annual decisions made by Congress about how the federal government spends some of its money. In general, the appropriations process addresses the discretionary portion of the budget – spending ranging from national defense to food safety to education to federal employee salaries, but excludes mandatory spending, such as Medicare and Social Security, which is spent automatically according to formulas.

 

Hence, congress grants funds to federal agencies and programs during the appropriations process.

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Filed Under: Indian Politics
Exam Prep: AIEEE , Bank Exams
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Which among the following forms of precipitation is different from the rest?

A) dew B) fog
C) mist D) hail
 
Answer & Explanation Answer: D) hail

Explanation:

While dew , fog and mist are formed due to condensation of vapour into water drops, hail falls from the clouds in the form of hard pellets of ice.

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Filed Under: World Geography

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Q:

The sea with one of the highest salinities in the world is _________

A) the Dead Sea B) the Red Sea
C) the Arabian Sea D) the Baltic Sea
 
Answer & Explanation Answer: A) the Dead Sea

Explanation:

Salinity is often high in enclosed seas, this is due to high temperature, rapid evaparation and little inflow of fresh water.

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Q:

What is the official language of African Development Bank

A) English B) French
C) (a) and (b) D) None of these
 
Answer & Explanation Answer: C) (a) and (b)

Explanation:
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Filed Under: World Organisations

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Q:

Translator program used in assembly language

A) Assembler B) Interpreter
C) Compiler D) Operating system
 
Answer & Explanation Answer: A) Assembler

Explanation:

Assemblers are used to translate a program written in a low-level assembly language into a machine code (object code) file so it can be used and executed by the computer.

 

Hence, Assembler is the translator program used in assembly language.

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