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Q:

Capitalism falls under _ economic system?

A) Market B) Planned
C) Command D) Mixed
 
Answer & Explanation Answer: A) Market

Explanation:

Capitalism is an economic system in which private individuals or businesses own capital goods i.e, economy is characterized by private ownership of the means of production. The production of goods and services is based on supply and demand in the general market known as a market economy and not on central planning known as a planned economy.

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

5 962
Q:

The Middle Ages in Western Europe was characterized by

A) absolute monarchies and strong central governments B) extensive trade with Asia and the Middle East
C) the manor system and the importance of land ownership D) decreased emphasis on religion in daily life
 
Answer & Explanation Answer: C) the manor system and the importance of land ownership

Explanation:
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Filed Under: World History
Exam Prep: AIEEE , Bank Exams
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Q:

Each of the following series of statements is followed by four sets. Identify the set that is logically consistent.
(a) The gap between the average starting salaries of teachers and those of other professionals has shrunk in recent years.
(b) The average age of first year teachers is same as it was in 1975.
(c) Starting teachers are no longer underpaid.
(d) The extent of a persons formal education is a measure by which to determine his level of salary.
(e) Over the last few years, the average starting salaries of other professionals have increased by 20%

A) e,b,d B) e,d,b
C) a,c,b D) a,e,c
 
Answer & Explanation Answer: D) a,e,c

Explanation:

The statements  a,e,c  are logically sequenced.

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Filed Under: Theme Detection
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7 960
Q:

Economic costs of production differ from accounting costs in that

Answer

Economic costs add the opportunity costs of a firm using its own resources while accounting costs do not.

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Subject: Indian Economy Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 958
Q:

If two goods are complements, then

A) the cross-price elasticity of demand will be positive B) an increase in the price of one good will increase demand for the other
C) the cross-price elasticity of demand will be negative D) both B & C
 
Answer & Explanation Answer: D) both B & C

Explanation:

In economics, If two goods are complements, then the cross elasticity of demand is negative. That means a good's demand is increased when the price of another good is decreased. Conversely, the demand for a good is decreased when the price of another good is increased. It is opposite of substitute goods. 

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

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Q:

What is your ideal working environment ?

Answer

The interviewer is attempting to assess how closely your ideal fits with the reality of their organisation. A positive work environment makes employees feel good about coming to work, and this provides the motivation to sustain them throughout the day. When you can find the ideal working environment that best suits your work ethics and personality, you will become more productive and lead a fulfilling life.


- Before answering, take into account how their company is structured in terms of work days, formality, small start-up verses large corporation, etc.
- Focus on wanting an environment that allows for the use and growth of your established skills and qualities.
- Highlight your desire to work in a team-oriented workplace.
- Talk about your work-style and that it blends in well with the company’s vision.

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Subject: Adaptability Exam Prep: GRE , GATE , CAT , Bank Exams
Job Role: Bank PO , Bank Clerk

6 954
Q:

The sum of two numbers is 7 and the sum their squares is 23, their product is equal to:

A) 10 B) 11
C) 12 D) 13
 
Answer & Explanation Answer: D) 13

Explanation:
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Filed Under: Simplification
Exam Prep: Bank Exams , GATE
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Q:

Mount Damavand is the highest peak in

A) Iraq B) Papua New Guinea
C) Oman D) Iran
 
Answer & Explanation Answer: D) Iran

Explanation:

Mount Damavand is the highest peak in Iran and also a potentially active volcano.

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Filed Under: World Geography
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