Q:

Depreciation is loss in value of ________

A) Final goods	B) Machinery
C) Capital stock	D) Stock of inventory

Answer & Explanation Answer: B) Machinery

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which among the following is an umbrella organization for all retail payments system in India?

A) RBI	B) NPCI
C) SEBI	D) NITI Aayog

Answer & Explanation Answer: B) NPCI

Explanation:

National Payments Corporation of India is the umbrella organisation for all retail payment systems in India, which aims to allow all Indian citizens to have unrestricted access to e-payment services

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Statement I :The Poona Pact provided for 151 reserved seats for the scheduled castes to be elected by a joint, not separate, electorate.

Statement II :Dr. B. R. Ambedkar withdrew from active politics for almost a decade when the Communal Award was revoked.

A) Both the statements are individually true and Statement II is the correct explanation of Statement I	B) Both the statements are individually true but Statement II is not the correct explanation of Statement I
C) Statement I is true but Statement II is false	D) Statement I is false but Statement II is true

Answer & Explanation Answer: C) Statement I is true but Statement II is false

Explanation:

The Poona Pact was an agreement between Dr. Babasaheb Ambedkar and Mahatma Gandhi which was signed on 24 September 1932 at Yerwada Central Jail in Pune, India, which asserted that there will be a single Hindu electorate, with scheduled castes having seats reserved within it,So the representation of these classes was based on the standards of joint electorates and reserved seats. The Communal Award was made by the British Prime Minister Ramsay MacDonald on 16 August 1932 which allowed separate electorates in India, and it was supported by Ambedkar.

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Exam Prep: Bank Exams

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Q:

ATM is the abbreviated form of

A) Automatic Teller Machine	B) Automated Teller Machine
C) All Time Money	D) Automatic Tally Machine

Answer & Explanation Answer: B) Automated Teller Machine

Explanation:

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Q:

To make child labour free society, PENCIL portal was launched in September 2017 in India. What does ‘P’ stand for in ‘PENCIL’?

A) Partnership	B) Platform
C) Podium	D) People

Answer & Explanation Answer: B) Platform

Explanation:

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Q:

Which of the following is called 'The queen of Arabian sea'?

A) Mumbai	B) Thiruvananthapuram
C) Kochi	D) Surat

Answer & Explanation Answer: C) Kochi

Explanation:

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Q:

Which of the following is not guaranteed by Indian Constitution?

A) Right to Equality	B) Right of religious freedom
C) Right to Constitutional remedies	D) Right to free education for all

Answer & Explanation Answer: D) Right to free education for all

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Under which Article of Indian Constitution an emergency can be declared on the grounds of failure of constitutional machinery in the states?

A) Article 350	B) Article 352
C) Article 356	D) Article 368

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