Q:

The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.

A) Resource Probability Set	B) Production Probability Set
C) Resource Possibility Set	D) Production Possibility Set

Answer & Explanation Answer: D) Production Possibility Set

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 922

Q:

Which of the following is a risk taken by entrepreneurs in small business?

A) Interference with personal lives	B) Psychological stress
C) Social and family pressure	D) All of the above

Answer & Explanation Answer: D) All of the above

Explanation:

Some of the risks faced by entrepreneur of small business are:-

1. Funding of capital.
2. Adequate cashflows.
3. Social and family pressures.
4. Interference with personal lives.
5. psychological pressure.
6.Lack of motivation

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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

0 922

Q:

International Chess Day is celebrated annually on

A) 21st July	B) 20th July
C) 18th July	D) 23rd July

Answer & Explanation Answer: B) 20th July

Explanation:

International Chess Day is celebrated annually on 20th July, since 1966. The idea to celebrate this day proposed was by UNESCO.

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Filed Under: Important Days and Years
Exam Prep: Bank Exams

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Q:

Upon winning Wimbledon Women's Tennis Tournament 2016, Serena Williams equalled record 22 Grand Slam wins of

A) Martina Navratilova	B) Steffi Graf
C) Martina Hingis	D) Maria Sharapova

Answer & Explanation Answer: B) Steffi Graf

Explanation:

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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

Where was the 2017 World Rapid Fire Chess Championship played, in which Viswanathan Anand regained his title?

A) Oslo	B) Riyadh
C) Chennai	D) Dubai

Answer & Explanation Answer: B) Riyadh

Explanation:

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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

Who among the following was honoured with the IAAF male Athlete of year Award for 2017 at a award ceremony in Monaco in November 2017?

A) Mutaz Essa Barshim	B) Usain Bolt
C) Mo Farah	D) Wayde van Niekerk

Answer & Explanation Answer: A) Mutaz Essa Barshim

Explanation:

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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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

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

What is the present Personal Income Tax exemption limit for male individuals below 60 years of age & HUF (FY 2015-16)?

A) Rs. 2.5 lakhs	B) Rs. 3 lakhs
C) Rs. 1.5 lakhs	D) Rs. 4 lakhs

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