Q:

Which of these is a dwarf planet?

A) Neptune	B) Titan
C) Eris	D) Hydra

Answer & Explanation Answer: C) Eris

Explanation:

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Q:

The Most Favoured Nation (MFN) Clause under WTO regimeis based on the principle of

A) non-discrimination between nations	B) discrimination between nations
C) differential treatment between locals and foreigners	D) uniform tariff across commodities

Answer & Explanation Answer: A) non-discrimination between nations

Explanation:

In Most-favoured-nation countries cannot normally discriminate between their trading partners.

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Exam Prep: Bank Exams

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Q:

In August 2017, which bank allowed India to construct Ratle Hydroelectric project which was opposed by Pakistan?

A) bank of England	B) World Bank
C) International Bank for Reconstruction and development (IBRD)	D) Asian Development Bank

Answer & Explanation Answer: B) World Bank

Explanation:

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Q:

Match the characteristics with their market structure:
(a) Expand out put until MC = MR
(b) Elasticity of demand depends on pricing policies of rivals

A) (a) Pure competition, (b) Pure Monopoly	B) (a) Pure Monopoly, (b) Monopolistic competition
C) (a) Pure competition, (b) Oligopoly	D) (a) Monopolistic competition, (b) Oligopoly

Answer & Explanation Answer: D) (a) Monopolistic competition, (b) Oligopoly

Explanation:

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Exam Prep: Bank Exams

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Q:

The goods which people consume more, when their price rises are called _______.

A) Essential goods	B) Capital goods
C) Veblen goods	D) Giffen goods

Answer & Explanation Answer: D) Giffen goods

Explanation:

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Q:

For a certain shoe factory the fixed costs are Rs 200,000, selling price is Rs 2000 per pair of shoes and variable cost is Rs 1200 per pair, what is the breakeven quantity?

A) 100	B) 62.5
C) 167	D) 250

Answer & Explanation Answer: D) 250

Explanation:

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Q:

In which one of the following cities are the Summer Olympics, 2020 going to be held?

A) London	B) Paris
C) Tokyo	D) Moscow

Answer & Explanation Answer: C) Tokyo

Explanation:

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Exam Prep: Bank Exams

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Q:

As of February 2018, which famous Bollywood actor has been named as the brand ambassador of 'Resurgent Rajasthan', a state government campaign?

A) Irrfan Khan	B) Amitabh Bachchan
C) Rahul Singh	D) Anupam Kher

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