Questions

Q:

Who was the first Indian Governor of Reserve Bank of India?

A) Sir Benegal Rama Rau B) H V R Iengar
C) Sir C D Deshmukh D) K G Ambegaonkar
 
Answer & Explanation Answer: C) Sir C D Deshmukh

Explanation:

Chintaman Dwarkanath Deshmukh, a member of the Indian Civil Service, was the first Indian Governor of the Bank.

 

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Filed Under: Famous Personalities
Exam Prep: Bank Exams

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Q:

A series is given, with one term missing. Choose the correct alternative from the given ones that will complete the series.

5 , 9 , 6 , 11, 7 , ?

A) 13 B) 15
C) 17 D) 19
 
Answer & Explanation Answer: A) 13

Explanation:
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Q:

Which part of the human brain is the centre for intelligence, memory and emotions?

A) Hypothalamus B) Cerebrum
C) Corpus Callosum D) Mid Brain
 
Answer & Explanation Answer: B) Cerebrum

Explanation:
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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams

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Q:

Expenses are recognized when

A) they are paid. B) they contribute to the production of revenue.
C) the invoice is received. D) they are billed by the supplier.
 
Answer & Explanation Answer: B) they contribute to the production of revenue.

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

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Q:

Match the characteristics with their market structure:
(a) Firm has control over quantity of output but it must take into account reactions of competitors.
b) Firm will tend to set output so that it earns maximum profits.

A) (a) Oligopoly, (b) Pure competition B) (a) Monopolistic competition, (b) Oligopoly
C) (a) Pure Monopoly, (b) Pure competition D) (a) Oligopoly, (b) Pure Monopoly
 
Answer & Explanation Answer: D) (a) Oligopoly, (b) Pure Monopoly

Explanation:
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Filed Under: Indian Economy
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Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist B) Socialist
C) Mixed D) Both Capitalist and Socialist
 
Answer & Explanation Answer: A) Capitalist

Explanation:
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Filed Under: Indian Economy
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Q:

__________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: A) Law of diminishing marginal product

Explanation:
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Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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