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Q:

The Law of Demand is based on the concept that people _______.

A) buy more of a good as their income increases. B) buy more of a good as the price of the good falls.
C) will spend all of their money on something. D) want more of everything even if they have no money to buy anything.
 
Answer & Explanation Answer: B) buy more of a good as the price of the good falls.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

The goods which people consume more, when their price rises are called _______.

A) Essential goods B) Capital goods
C) Veblen goods D) Giffen goods
 
Answer & Explanation Answer: D) Giffen goods

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Open Market Operations refer to __________

A) Borrowings by Scheduled banks from RBI B) Lending by Commercial banks to industry
C) Purchase and sale of Government securities by RBI D) Deposit mobilisation
 
Answer & Explanation Answer: C) Purchase and sale of Government securities by RBI

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Filed Under: Indian Economy

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Q:

Name the respiratory organs of insects

A) Skin B) Body Surface
C) Gills D) Tracheae
 
Answer & Explanation Answer: D) Tracheae

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

The embryo gets nutrition from the mother's blood with the help of a special tissue called

A) Uterus B) Placenta
C) Cervix D) Fallopian tube
 
Answer & Explanation Answer: B) Placenta

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Which enzyme has been used by scientists of Massachusetts Institute of Technology to induce plants to give off dim light?

 

A) Carotenogen B) Luciferase
C) Reductase D) Peroxidase
 
Answer & Explanation Answer: B) Luciferase

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

What happens as we go down the group in the periodic table?

A) The number of shells decreases B) Valence electrons decreases
C) The number of shells increases D) Atomic size decreases
 
Answer & Explanation Answer: C) The number of shells increases

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

Which one of the following statements is correct with respect to the composition of national income in India?

A) The share of manufacturing sector has declined B) The share of services sector has increased sharply.
C) The share of agriculture has remained static. D) The share of services sector has declined.
 
Answer & Explanation Answer: B) The share of services sector has increased sharply.

Explanation:

The growth scenario in India shows that the services sector has become the most dominant in the later part of its growth process. The share of services sector in GDP increased from 28.5 per cent in 1950-51 to 39.6 per cent in 1990-91 and then to 52.6 per cent in 2014-15 while the share of primary sector declined from 56.4 per cent in 1950-51 to 33.4 per cent in 1990-91 and then to only 19.0 per cent in 2014-15.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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