Questions

Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good B) Giffin good
C) Inferior good D) Normal good
 
Answer & Explanation Answer: A) Superior good

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In perfect competition _____.

A) Products can be similar or different B) Producer can control price by controlling production
C) Demand curve is perfectly elastic D) All firms make economic profit in the long run
 
Answer & Explanation Answer: C) Demand curve is perfectly elastic

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Filed Under: Indian Economy
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Q:

Increase in the demand for a good will cause the equilibrium price of the good to ________ and the equilibrium quantity to _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: A) increase; increase

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Filed Under: Indian Economy
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Q:

India and which country, on 25 October, 2017, agreed to implement helicopter operations from ships to strengthen maritime security?

A) USA B) Somalia
C) Japan D) Germany
 
Answer & Explanation Answer: A) USA

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

The President of India appoints how many Chief Election Commissioner(s)?

A) One B) Two
C) Three D) Four
 
Answer & Explanation Answer: A) One

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Filed Under: Indian Politics
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Q:

As of February 2018, who is the Chief Minister of Kerala?

A) Oomen Chandy B) AK Antony
C) VS Achuthanandan D) Pinarayi Vijayan
 
Answer & Explanation Answer: D) Pinarayi Vijayan

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Filed Under: Indian Politics
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Q:

Who is the author of the book titled "The Sellout"?

A) Paul Beatty B) Arvind Adiga
C) Elenor Catton D) Howard Jacobson
 
Answer & Explanation Answer: A) Paul Beatty

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Filed Under: Books and Authors
Exam Prep: Bank Exams

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Q:

Select the related word/letters/numbers from the given alternatives: 6 : 42 :: 12 : ?

A) 48 B) 72
C) 60 D) 84
 
Answer & Explanation Answer: D) 84

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