Q:

In a centrally planned economy, the ____________ plans all the important activities in the economy.

A) Industrialists	B) Citizens
C) Government	D) Judiciary

Answer & Explanation Answer: C) Government

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied	B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity	D) elasticity of demand equals elasticity of supply

Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Filed Under: Indian Economy
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Q:

The existence of a parallel economy (black money) ___________.

A) makes economy more competitive	B) makes the monetary policies less effective
C) ensures a better distribution of income and wealth	D) ensures increasing productive investment

Answer & Explanation Answer: B) makes the monetary policies less effective

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Filed Under: Indian Economy
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Q:

A growing country is one with ___________ there.

A) rising GNP at constant prices	B) rising GNP at current prices
C) constant GNP at constant prices	D) No option is correct

Answer & Explanation Answer: A) rising GNP at constant prices

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Q:

On 10 April 2017, Lok Sabha Passed the Motor Vehicles Act (Amendment) Bill, 2016. Under the new provisions, the compensation for death increased from Rs 25,000 to ______

A) Rs 2 lakh or more	B) Rs 5 lakh or more
C) Rs 10 lakh or more	D) Rs 15 lakh or more

Answer & Explanation Answer: A) Rs 2 lakh or more

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

An object of 5.0 kg is raised through a height of 2.0m. The work done in the process is

A) 49 J	B) 10 J
C) 19.6 J	D) 98 J

Answer & Explanation Answer: D) 98 J

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

According to the ‘World Inequality Report 2018’, released by World Inequality Lab based in Paris, which of the following country has the Highest Income Inequality?

A) Pakistan	B) Bangladesh
C) India	D) China

Answer & Explanation Answer: C) India

Explanation:

India has the Highest Income Inequality according to the ‘World Inequality Report 2018’, released by World Inequality Lab based at Paris School of Economics. India’s Top 1% of earners grabbed 22% share of national income, while bottom 50% managed to get only 15% share.

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Filed Under: General Awareness

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Q:

If North is called North west , West is called South west , South is called South east and so on . A person walks straight from South west to North east and then turns left . Walks straight and again turns left . Now at what direction he is facing ?

A) South	B) North East
C) North	D) South West

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