Q:

The difference between exports and imports is called-?

A) assets and liabilities	B) balance of payment
C) GDP	D) balance of trade

Answer & Explanation Answer: D) balance of trade

Explanation:

The difference between exports and imports is called the balance of trade. If imports are greater than exports, it is sometimes called an unfavourable balance of trade. If exports exceed imports, it is sometimes called a favourable balance of trade.

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Filed Under: Indian Economy
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Q:

A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.

A) Perfect Competition	B) Monopoly
C) Oligopoly	D) Monopolistic Competition

Answer & Explanation Answer: B) Monopoly

Explanation:

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Exam Prep: Bank Exams

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Q:

Which law states that bad money drives good money out of circulation?

A) Wagner's law	B) Grimm's law
C) Gresham's law	D) Keynes' law

Answer & Explanation Answer: C) Gresham's law

Explanation:

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Q:

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

A) Equilibrium	B) Excess Demand
C) Excess Supply	D) Marginal Revenue

Answer & Explanation Answer: C) Excess Supply

Explanation:

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Q:

Which of the following has open vascular system?

A) Cockroach	B) Human
C) Rat	D) Birds

Answer & Explanation Answer: A) Cockroach

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Which kind of cell division is used to repair an injury by the body?

A) Mitosis only	B) Meiosis only
C) Both Mitosis and Meiosis	D) Neither Mitosis nor Meiosis

Answer & Explanation Answer: A) Mitosis only

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Which is the CORRECT pair of inherited chromosomes for the child to be a girl?

A) X from father and Y from mother	B) Y from father and X from mother
C) Y from father and Y from mother	D) X from father and X from mother

Answer & Explanation Answer: D) X from father and X from mother

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

In animals like Annelids, Molluscs, organs have associated to form functional systems, each system concerned with a specific physiological function. This pattern is called ________ system level of organization.

A) organ	B) open
C) closed	D) coelom

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