Questions

Q:

What does the APR on a credit card determine?

A) fee paid by bank for deposits B) fee paid for borrowing money
C) Both A & B D) None of the above
 
Answer & Explanation Answer: B) fee paid for borrowing money

Explanation:

A credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate (APR). On most cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.

APR1531898775.jpg image

Your APR is expressed in terms of a year, but credit card companies use it to calculate charges over your monthly statement period.

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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:

The first country to make a constitution

A) Russia B) United States
C) France D) North Korea
 
Answer & Explanation Answer: B) United States

Explanation:

The United States Constitution, ratified June 21, 1788, was influenced by the writings of Polybius, Locke, Montesquieu, and others. The document became a benchmark for republicanism and codified constitutions written thereafter. The Polish–Lithuanian Commonwealth Constitution was passed on May 3, 1791.

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Filed Under: World History
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

The book Mother India was authored by

A) Annie Besant B) Katherine Mayo
C) Mrinalini Sinha D) Lala Lajpath Rai
 
Answer & Explanation Answer: B) Katherine Mayo

Explanation:

The book Mother India (1927) is a polemical book by American historian Katherine Mayo which attacks Indian society, religion and culture.

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Filed Under: Books and Authors
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

_____ ranked No.1 in world's Happiest country's list 2017 ?

A) Pakistan B) Spain
C) India D) Norway
 
Answer & Explanation Answer: D) Norway

Explanation:

Norway is the top most country in the world's happiest country's list 2017 and India ranks 122nd in the list below than the Pakistan and Bangladesh. 

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Filed Under: General Awareness
Exam Prep: Bank Exams
Job Role: Bank Clerk

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Q:

Who is the Richest investor as per March 2013?

Answer

Warren Edward Buffett(USA), chairman of Berkshire Hathaway, is the world's richest investor, estimated to be worth $53.5 billion as of march 2013.

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Q:

The MPC for an economy is

A) the slope of the savings schedule or line. B) 1 divided by the slope of the savings schedule or line.
C) the slope of the consumption schedule or line. D) 1 divided by the slope of the consumption schedule or line.
 
Answer & Explanation Answer: D) 1 divided by the slope of the consumption schedule or line.

Explanation:

Marginal propensity to consume (MPC) in economics is a metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income after taxes and transfers).

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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:

Improve the bracketed part of the sentence.
I (have done) my exercises when keshav came to see me.

A) had done B) done
C) doing D) No improvement
 
Answer & Explanation Answer: A) had done

Explanation:
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Filed Under: English

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Q:

Consider the following statement :“A sound body means one whichbends itself to the spirit and is always a ready instrument at its service.”The above statement is attributed to

A) Sardar Patel B) Winston Churchill
C) Mahatma Gandhi D) Baden-Powell
 
Answer & Explanation Answer: C) Mahatma Gandhi

Explanation:

According to Gandhiji, A sound body means one which bends itself to the spirit and is always a ready instrument at its service. Such bodies are not made, in my opinion, on the football field. They are made on cornfields and farms.

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Filed Under: Indian History
Exam Prep: GATE

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