Q:

Which of the following will be the outcome if an economy is under the inflationary pressure?

1.Domestic currency heads for depreciation.

2.Exports become less competitive with imports getting costlier.

3.Cost of borrowing decreases.4.Bondholders get benefitted.

 

Select the correct answer using the code given below.

 

A) 1 and 2 B) 2 and 3
C) 1 and 3 only D) 1, 3 and 4
 
Answer & Explanation Answer: C) 1 and 3 only

Explanation:

Creditors and debtors:

During inflation creditors lose because they receive in effect less in goods and services than if they had received the repayments during a period of low prices. Debtors, on other hand, as a group gain during inflation, since they repay their debts in currency that has lost its value.The aggregate volume of internal trade tends to increase during inflation due to higher incomes, greater production and larger spending. But the export trade is likely to suffer on account of arise in the prices of domestic goods.

The same currency unit will now buy less goods and services.But the bondholders lose as they get a fixed interest the real value of which has already fallen.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

1 15268
Q:

Which one of the following with regard to the term ‘bank run’ is correct?

 

A) The net balance of money a bank has in its chest at the end of the day’s business B) The ratio of bank’s total deposits and total liabilities
C) A panic situation when the deposit holders start withdrawing cash from the banks D) The period in which a bank creates highest credit in the market
 
Answer & Explanation Answer: C) A panic situation when the deposit holders start withdrawing cash from the banks

Explanation:

A bank run occurs when a large number of people withdraw their money from a bank, because they believe the bank may cease to function soon.

A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time, as people suddenly try to convert their threatened deposits into cash or try to get out of their domestic banking system altogether.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 14850
Q:

The headquarters of ‘Economic and Social Commission for Asia and the Pacific’ is located at

A) Singapore B) Manila  
C) Bangkok D) Hong Kong
 
Answer & Explanation Answer: A) Singapore

Explanation:

The Economic and Social Commission for Asia and the Pacific (UNESCAP or ESCAP), located in the United Nations Building in Rajadamnern Nok Avenue in Bangkok, Thailand, is one of the five regional commissions of the United Nations Economic and Social Council, under theadministrative direction of the United Nations.

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Filed Under: General Awareness
Exam Prep: Bank Exams

0 585
Q:

Which one of the following statements about the Missile Technology Control Regime is not correct?

 

A) The Missile Technology Control Regime is an informal and voluntary partnership initially formed among G-7 countries. B) Members of the Missile Technology Control Regime prevent the proliferation of missile and unmanned aerial vehicle technology capable of carrying above 500 kg payload for more than 300 km.
C) China applied to join the Regime but members did not offer the membership. D) No other country outside the membership follows the Regime rules.
 
Answer & Explanation Answer: D) No other country outside the membership follows the Regime rules.

Explanation:

The Missile Technology Control Regime (MTCR) is a multilateral export control regime. It is an informal and voluntary partnership among 35 countries to prevent the proliferation of missile and unmanned aerial vehicle technology capable of carrying above 500 kg payload for more than 300 km.The Missile Technology Control Regime (MTCR) was established in April 1987 by the G7 countries.

The People's Republic of China is not a member of the MTCR but has agreed to abide by the original 1987 Guidelines and Annex, but not the subsequent revisions.Israel, Romania and Slovakia have also agreed to voluntarily follow MTCR export rules even though not yet members.

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Filed Under: General Awareness
Exam Prep: Bank Exams

0 22431
Q:

Which one of the following is the highest altitude zoo in the world?

A) Cheyenne Mountain Zoo B) Pandit G. B. Pant High Altitude Zoo
C) Himalayan Zoological park, Gangtok D) Padmaja Naidu Himalayan Zoological Park
 
Answer & Explanation Answer: D) Padmaja Naidu Himalayan Zoological Park

Explanation:

Cheyenne Mountain Zoo  -  6,800 feet

Himalayan Zoological Park, Gangtok  -  5839.895 feet

Padmaja Naidu Himalayan Zoological Park  -  7000 feet

 

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Filed Under: Longest, Shortest, Deepest
Exam Prep: Bank Exams

3 1601
Q:

Who among the following was defeated by Chile to won the Copa America Football Championship, 2016?

A) Colombia B) Argentina
C) Ecuador D) Peru
 
Answer & Explanation Answer: B) Argentina

Explanation:

The Copa América Centenario Final was an association football match that took place on 26 June 2016 at the Met Life Stadium in East Rutherford, New Jersey, United States to determine the winner of the Copa América Centenario.The match was contested by Argentina and Chile, making it a rematch of the 2015 final. Chile ultimately won on penalty kicks 4–2 after a 0–0 draw.

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Filed Under: Sports
Exam Prep: Bank Exams

1 750
Q:

Rakshasa type of marriage is 

 

A) marriage by purchase B) marriage by capture
C) marriage by giving dowry D) marriage by seduction
 
Answer & Explanation Answer: B) marriage by capture

Explanation:

Rakshasa marriage is the marriage of a maiden involving her forcible abduction from her home after her kinsmen have been slain or wounded much like its practice in Khazakh and Uzbek cultures where it is still practised as a ritual.

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0 32293
Q:

The epic, Silappadikaram refers to the 

A) story of Rama B) Jaina elements in the storyline
C) culture of Sri Lankan Buddhists D) cult of Shakti worship
 
Answer & Explanation Answer: B) Jaina elements in the storyline

Explanation:

Silappadikaram is one of The Five Great Epics of Tamil Literature. Epic revolves around Kannagi, who having lost her husband to a miscarriage of justice at the court of the Pandyan Dynasty, wreaks her revenge on his kingdom.

 

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Filed Under: Indian History
Exam Prep: Bank Exams

0 1591