Q:

Which one of the following events is not correctly matched with the year in which it happened?

A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985	B) Conclusion of the Uruguay Round of GATT—1994
C) Inauguration of the World Trade Organization—1995	D) Establishment of the first wholly electronic stock exchange (Nasdaq)—1971

Answer & Explanation Answer: A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985

Explanation:

•SWIFT was founded in the 1970s, based on the ambitious and innovative vision of creating a global financial messaging service, and a common language for international financial messaging.

•The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 and embracing 123 countries as "contracting parties".

•The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement.

•Founded by the National Association of Securities Dealers, the NASDAQ began trading on February 8, 1971, as the world's first electronic stock market.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

The energy stored in a dry cell is in the form of

A) Potential energy	B) Chemical energy
C) Kinetic energy	D) Nuclear energy

Answer & Explanation Answer: B) Chemical energy

Explanation:

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

Which one of the following Articles of the Constituent of India down that no citizen can be denied the use of wells, tanks and bathing Ghats maintained out of State funds?

A) Article 14	B) Article 15
C) Article 16	D) Article 17

Answer & Explanation Answer: B) Article 15

Explanation:

Article 15:

Prohibition of discrimination on grounds of religion, race, caste, sex or place of birth

(1) The State shall not discriminate against any citizen on grounds only of religion, race, caste, sex, place of birth or any of them

(2) No citizen shall, on grounds only of religion, race, caste, sex, place of birth or any of them, be subject to any disability, liability, restriction or condition with regard to

(a) access to shops, public restaurants, hotels and palaces of public entertainment; or

(b) the use of wells, tanks, bathing ghats, roads and places of public resort maintained wholly or partly out of State funds or dedicated to the use of the general public

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Filed Under: Indian Politics
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Q:

Which country has banned cotton imports from China citing 'Slave labour'?

A) Russia	B) United Kingdom
C) India	D) United States

Answer & Explanation Answer: D) United States

Explanation:

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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) I do not understand why	B) why in spite of my best efforts to please him
C) my boss is so angry at me.	D) No error

Answer & Explanation Answer: D) No error

Explanation:

There is no error in any part. The sentence is grammatically correct.

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Filed Under: English
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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) All the boys	B) returned back home
C) well in time for lunch.	D) No error

Answer & Explanation Answer: B) returned back home

Explanation:

Error is in second part. Returning means coming back to place from where you began. So, the use of back after returned becomes redundant. Without using back, the meaning remains the same. We can omit ‘back’ in part b, and use ‘returned home.’

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Filed Under: English
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Q:

A ___________ deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.

A) Current Account	B) Savings Account
C) Capital Account	D) Asset Account

Answer & Explanation Answer: A) Current Account

Explanation:

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Filed Under: Indian Economy
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Q:

The short run marginal cost curve is ____ shaped.

A) U	B) V
C) X	D) W

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