Questions

Q:

The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.

A) Price B) Substitution
C) Supply D) Demand
 
Answer & Explanation Answer: D) Demand

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

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Q:

A minimum wage _____.

A) is the price floor below which workers may not sell their labor B) is set at a price below the equilibrium wage
C) creates a price ceiling below which the wage cannot legally go D) decreases unemployment
 
Answer & Explanation Answer: A) is the price floor below which workers may not sell their labor

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Filed Under: Indian Economy
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Q:

Rate of the growth of an economy is measured in terms of

A) National income B) Monthly family income
C) Number of people who have been lifted above the poverty line D) Industrial Development
 
Answer & Explanation Answer: A) National income

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Filed Under: Indian Economy
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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four andindicate it by selecting the appropriate option.

The employee did not _____ to the argument of the manager.

A) precede B) exceed
C) concede D) recede
 
Answer & Explanation Answer: C) concede

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Filed Under: English
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 asentence is free from error, select 'No Error'.

Internet Service Providers (ISPs) should provide us (1)/ with open networks and should not block or discriminate for (2)/ any application or content that rides overthose networks. (3)/ No error (4)

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

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Filed Under: English
Exam Prep: Bank Exams

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Q:

'Stand up India' scheme launched by the Prime Minister recently is related with

A) Promotion of entrepreneurship among SC, ST and Women B) Promotion of rights of Divyangs
C) Promotion of compulsory education for women D) Promotion of Indian exports in western countries
 
Answer & Explanation Answer: A) Promotion of entrepreneurship among SC, ST and Women

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Why does a piece of cloth, which appears green in sunlight, appear black when it is viewed under red light?

 

A) The cloth completely absorbs red colour wavelength B) It is due to refraction
C) It is the effect of scattering of light D) It is due to Parallax error
 
Answer & Explanation Answer: A) The cloth completely absorbs red colour wavelength

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

The  Most  Favoured  Nation  (MFN)  Clause under   WTO   regimeis   based   on   the principle of 

A) non-discrimination between nations B) discrimination between nations
C) differential  treatment  between  locals and foreigners D) uniform tariff across commodities
 
Answer & Explanation Answer: A) non-discrimination between nations

Explanation:

In   Most-favoured-nation countries cannot normally discriminate between their trading partners.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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