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Q:

FERA stands for 

A) Foreign Exchange Regulation Agency B) Foreign Exchange Repulsive Agent
C) Foreign Expert Regulation Act D) Foreign Exchange Regulation Act
 
Answer & Explanation Answer: D) Foreign Exchange Regulation Act

Explanation:

FERA stands for Foreign Exchange Regulation Act.

 

  • It came into existence in 1973.
  • FERA lays emphasis on the regulation of currencies.

 

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good B) Giffin good
C) Inferior good D) Normal good
 
Answer & Explanation Answer: A) Superior good

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In April 2017, N. K. Singh Committee recommended a fiscal deficit of how much percent of GDP by Financial Year 2022-23?

A) 2.50% B) 3.00%
C) 3.50% D) 4.00%
 
Answer & Explanation Answer: A) 2.50%

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Economic sanctions are mainly used to

A) to help international trade run smoothly. B) punish nations that disobey international law
C) to impose tariffs on vehicles at the border D) all the above
 
Answer & Explanation Answer: B) punish nations that disobey international law

Explanation:

A sanction is a punishment imposed on another nation, or on individual natives of another nation.


Economic sanctions are characterized as the withdrawal of standard exchange and money related relations for outside and security strategy purposes. They might be extensive, denying business movement as to a whole nation,...

 

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following gases is liberated when Sodium Hydrogen Carbonate is heated?

A) Carbon Monoxide B) Carbon Dioxide
C) Oxygen D) Hydrogen
 
Answer & Explanation Answer: B) Carbon Dioxide

Explanation:
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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

Which of the following metals is found in free state?

A) Sodium B) Gold
C) Potassium D) Calcium
 
Answer & Explanation Answer: B) Gold

Explanation:
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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

In a water molecule, the ratio of mass of Hydrogen to the mass of Oxygen is always:

A) 8:1 B) 7:1
C) 1:7 D) 1:8
 
Answer & Explanation Answer: D) 1:8

Explanation:
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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) The memoranda B) are
C) on the table D) No error
 
Answer & Explanation Answer: D) No error

Explanation:

The given sentence is grammatically correct and there is no error. ‘Memoranda’ is a plural noun, so it is correctly followed by are. Memorandum is the singular form.

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Filed Under: English
Exam Prep: Bank Exams

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