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Bank PO Questions

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Q:

A sales tax is a type of

A) aggressive B) regressive
C) both A & B D) None of the above
 
Answer & Explanation Answer: B) regressive

Explanation:

Sales tax is an additional amount of money you pay based on a percentage of the selling price of goods and services that are purchased.

 

For example, if you purchase a new laptop Rs. 40000 and live in an area where the sales tax is 6%, you would pay Rs.2400 in sales tax.

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Filed Under: Indian Economy
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Q:

Through specialization and international trade, a nation

A) will attain some combination of goods lying inside its production possibilities curve B) will shift its production possibilities curve towards left
C) can attain some combination of goods lying outside its production possibilities curve D) will shift its production possibilities curve towards right
 
Answer & Explanation Answer: C) can attain some combination of goods lying outside its production possibilities curve

Explanation:
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Q:

An improvement in technology would shift

A) the demand curve rightward B) the supply curve rightward
C) the supply curve leftward D) the demand curve leftward
 
Answer & Explanation Answer: B) the supply curve rightward

Explanation:

An improvement in technology would shift the supply curve rightward.

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Q:

The federal government debt is equal to the

A) sum of past budget deficits minus the sum of past budget surpluses B) annual difference between federal government tax revenues and outlays
C) obligations of benefits from federal taxes and expenditures D) sum of all annual federal government outlays
 
Answer & Explanation Answer: A) sum of past budget deficits minus the sum of past budget surpluses

Explanation:

The federal government debt is equal to the sum of past budget deficits minus the sum of past budget surpluses.

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Q:

What two elements are used to make bronze?

A) Lead and copper B) copper and tin
C) Tin and lead D) copper and iron
 
Answer & Explanation Answer: C) Tin and lead

Explanation:

The two elements that are used to make bronze are tin and lead.

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Filed Under: Chemistry
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Q:

Which country recently unveiled the world's first underground hotel?

A) Japan B) Dubai
C) China D) Malaysia
 
Answer & Explanation Answer: C) China

Explanation:

China recently unveiled the world's first underground hotel.

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Q:

The largest component of GDP is

A) income B) wages
C) consumption D) imports
 
Answer & Explanation Answer: C) consumption

Explanation:

Consumption is the largest component of GDP.

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Filed Under: Indian Economy
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Q:

The 4th Agri Leadership Summit 2019 held at?

A) Haryana B) Uttar Pradesh
C) West Bengal D) Assam
 
Answer & Explanation Answer: A) Haryana

Explanation:
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