Q:

'Freedom Trail' is a 2.5 mile long passage that offers a rich insight into the American Revolution. In which US city would you find this famous and historic trail?

A) Memphis	B) Boston
C) Denver	D) Connecticut

Answer & Explanation Answer: B) Boston

Explanation:

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Filed Under: World Geography
Exam Prep: Bank Exams

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Q:

Which aircraft carrier was formally inducted into the Indian Navy by Prime Minister Narendra Modi in the year 2014?

A) INS Vikrant	B) INS Vikramaditya
C) INS Viraat	D) INS Chakra

Answer & Explanation Answer: B) INS Vikramaditya

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

The Land Ports Authority of India works under which Union Ministry?

A) Ministry of Jal Shakti	B) Ministry of External Affairs
C) Ministry of Ports Shipping and waterways	D) Ministry of Home Affairs

Answer & Explanation Answer: D) Ministry of Home Affairs

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

2 904

Q:

In the following question, a word has been written in four different ways out of which only one is correctly spelt. Select the correctly spelt word.

A) Maineveer	B) Maneuver
C) Maneover	D) Manever

Answer & Explanation Answer: B) Maneuver

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Which Tennis player was banned for 2 years by tennis Integrity Unit on December,2020?

A) Youssef Hossam	B) Sandra Samir
C) Mostafa Hatem	D) Karim Hossam

Answer & Explanation Answer: C) Mostafa Hatem

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Filed Under: Sports
Exam Prep: Bank Exams

1 903

Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers	B) Income of consumers remains constant
C) Consumers are affected by demonstration effect	D) There are no changes in the price of substitute goods.

Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In April 2017, Agriculture Ministry Unveiled Model APMC Act. The new Act proposes to put a Cap on Mandi taxes at what rate (in percent) for food grain?

A) 5	B) 1
C) 2.5	D) 8

Answer & Explanation Answer: B) 1

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which Part of Indian Constitution contains Article 368 that gives power to the Parliament to do constitutional amendments?

A) Part XX	B) Part VII
C) Part XXII	D) Part IX

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