Q:

Which of the following gulf countries has announced to form new economic and partnership group named 'Joint Cooperation Committee' inDecember 2017?

A) UAE and Saudi Arabia	B) Qatar and UAE
C) Bahrain and Kuwait	D) Oman and Saudi Arabia

Answer & Explanation Answer: A) UAE and Saudi Arabia

Explanation:

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Filed Under: Indian Economy

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Q:

As per RBI In October 2017, Gross Non-Performing Assets (GNPA) ratio for NBFCs increased to what percentage till March 2017?

A) 2	B) 5
C) 10	D) 20

Answer & Explanation Answer: B) 5

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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:

The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.

A) Price	B) Substitution
C) Supply	D) Demand

Answer & Explanation Answer: D) Demand

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

As it relates to international trade, dumping

A) is the practice of selling goods in a foreign market at less than cost.	B) is a form of price discrimination illegal under U.S. antitrust laws.
C) is defined as selling more goods than allowed by an import quota.	D) constitutes a general case for permanent tariffs.

Answer & Explanation Answer: A) is the practice of selling goods in a foreign market at less than cost.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which state organized India's first Tribal Entrepreneurship Summit in November 2017?

A) Jharkhand	B) Chhattisgarh
C) West Bengal	D) Odisha

Answer & Explanation Answer: B) Chhattisgarh

Explanation:

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

What is the name of the disappearing tweets launched by Twitter?

A) Fleets	B) Twitties
C) Heights	D) Flocks

Answer & Explanation Answer: A) Fleets

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

According to the Global Gender Gap report 2017, India has closed how much percentage of its gender gap?

A) 12%	B) 47%
C) 67%	D) 88%

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