Q:

Which of the following statements is incorrect, if resources were unlimited?

A) there would still be scarcity and opportunity costs	B) there would still be scarcity but no opportunity costs
C) there would be no scarcity, but there would be opportunity costs.	D) there would neither be scarcity nor opportunity costs

Answer & Explanation Answer: C) there would be no scarcity, but there would be opportunity costs.

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Who is the Fortune's Businessperson of the Year 2020?

A) Jensen Huang	B) Ajay Banga
C) Elon Musk	D) Tim Cook

Answer & Explanation Answer: C) Elon Musk

Explanation:

The CEO of Tesla & SpaceX, Elon Musk tops the list of the Fortune's Businessperson of the Year 2020. He achieved this spot for the second time.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

What is the role of "Ombudsman" in a bank?

A) To provide quality and speedy redressal of grievances of customers.	B) To provide suggestions for innovative schemes in the banks.
C) To inspect the internal working of the branches.	D) To monitor the poverty alleviation programmes

Answer & Explanation Answer: A) To provide quality and speedy redressal of grievances of customers.

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

In India, which among the following can be amended by Special Majority of Parliament and Consent of States?

I. Election of President and its manner

II. Any of the lists in Seventh Schedule

III. Amendment in Fundamental Right

A) Only I	B) Only II
C) Both I and II	D) All I, II and III

Answer & Explanation Answer: C) Both I and II

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Mechanical energy is equal to

A) Kinetic energy + Chemical energy	B) Kinetic energy + Potential energy
C) Kinetic energy + Heat energy	D) Kinetic energy + Electrical energy

Answer & Explanation Answer: B) Kinetic energy + Potential energy

Explanation:

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

The major objective of monetary policy is to

A) increase government's tax revenue	B) revamp the Public Distribution System
C) Promote economic growth with price stability	D) weed out corruption in the economy

Answer & Explanation Answer: C) Promote economic growth with price stability

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

Modern medicines has scored significant victories (1)/ against both infection and trauma - (2)/ the major causes of ill health and death. (3)/ No error (4)

A) 1	B) 2
C) 3	D) 4

Answer & Explanation Answer: A) 1

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

Ring fencing

A) The place where the sport of fencing is played by two opponents.	B) Doubly protecting your assets.
C) Guarantee that funds allocated for a particular purpose will not be spent on anything else.	D) Be ready to fight for what is your right.

Answer & Explanation Answer: C) Guarantee that funds allocated for a particular purpose will not be spent on anything else.

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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