Questions

Q:

All Insurance is based on a principle called

A) investment premiums B) division of risk
C) cash value coverage. D) premium earnings
 
Answer & Explanation Answer: B) division of risk

Explanation:

Any type of insurance, be it home, auto, life, health, etc. are based on a principle of division of risk.

 

Division of Risk :: This is based on how much risk the insurer estimates the insured's coverage to be. The riskier the opportunity (bad health, area the home is in) the higher the premium costs.

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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:

In India, planning commission was replaced by

A) UPSC B) NITI Aayog
C) National Development Council D) NMDC
 
Answer & Explanation Answer: B) NITI Aayog

Explanation:

The Planning Commission was an institution in the Government of India started by Jawaharlal Nehru, The First Prime Minister of Independent India, in the year 1950. Later, this was replaced by NITI Aayog in 2015 by now and than Prime Minister Narendra Modi to ensure implementation of the Sustainable Development Goals by fostering the involvement of State Governments of India in the economic policy-making process.

 

NITI Aayog means National Institute for Transforming India. Narendra Modi is the Chairman of NITI Aayog.

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Filed Under: Indian Politics
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

5 2375
Q:

Who owns Tradestation?

A) SBI Group B) Monex Group, Inc.
C) CME Group D) None of the above
 
Answer & Explanation Answer: B) Monex Group, Inc.

Explanation:

Tradestation is owned by its parent organization Monex Group, Inc.

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

The right to vote in India is in an article of

A) 370 B) 368
C) 356 D) 326
 
Answer & Explanation Answer: D) 326

Explanation:

In India, the right to vote is provided by the Constitution and the Representation of People's Act, 1951, subject to certain disqualifications. Article 326 of the Constitution guarantees the right to vote to every citizen above the age of 18.

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Filed Under: Indian Politics
Exam Prep: CAT , Bank Exams
Job Role: Bank PO , Bank Clerk , Analyst

1 2373
Q:

Which of the following Indian cities is known as City of Roses?

A) Hyderabad B) Kolkata
C) Mumbai D) Chandigarh
 
Answer & Explanation Answer: D) Chandigarh

Explanation:

Among the Indian cities Chandigarh is known as City of Roses.

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Filed Under: Indian Geography
Exam Prep: AIEEE , Bank Exams , CAT
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3 2373
Q:

The decentralization system was recommended by

A) C. Rajgopalachari B) Balwant Rai Mehta
C) J. B. Kriplani D) Ashok Mehta
 
Answer & Explanation Answer: B) Balwant Rai Mehta

Explanation:

The decentralization system was recommended by Balwant Rai Mehta.

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Filed Under: Indian History
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3 2372
Q:

Though the countries of South - West Asia have abundant power resources, they have not developed major industries mainly because

A) They do not have raw materials B) They do not have a large market
C) They do not have skilled labour D) They do not have capital
 
Answer & Explanation Answer: A) They do not have raw materials

Explanation:
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Filed Under: World Geography

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Q:

After how many years Rajya Sabha is dissolved?

A) It is never dissolved B) 2 years
C) 5 years D) 6 years
 
Answer & Explanation Answer: A) It is never dissolved

Explanation:

Rajya Sabha is a permanent body and is not subject to dissolution. However, one third of the members retire every second year, and are replaced by newly elected members.

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Filed Under: Indian Politics
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Job Role: Analyst , Bank Clerk , Bank PO

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