Q:

Which of the following states has the lowest literacy rate?

A) Kerala	B) Rajasthan
C) Bihar	D) Maharashtra

Answer & Explanation Answer: C) Bihar

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Prime Minister's 'Ujjwala Yojana' is related to __________________

A) Free distribution of LPG connections to socially backward classes.	B) Free electric connections to members of Scheduled Castes and Scheduled Tribes.
C) Mass immunisation campaign for children.	D) None of the these.

Answer & Explanation Answer: A) Free distribution of LPG connections to socially backward classes.

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Which one of the following indices is now used by the Reserve Bank of India to measure the rate of inflation in India?

A) NASDAQ Index	B) BSE Index
C) Consumer Price Index	D) Wholesale Price Index

Answer & Explanation Answer: C) Consumer Price Index

Explanation:

The Wholesale Price Index (WPI) was main index for measurement of inflation in India till April 2014 when RBI adopted new Consumer Price Index (CPI) as the key measure of inflation.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3%	B) 10%
C) 2.50%	D) 7%

Answer & Explanation Answer: B) 10%

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores	B) Rs. 52 crores
C) Rs. 18 crores	D) Rs. 38 crores

Answer & Explanation Answer: C) Rs. 18 crores

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent	B) 7.8 percent
C) 10.2 percent	D) 10 percent

Answer & Explanation Answer: A) 7.5 percent

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Working capital is a measure of

A) liquidity	B) consistency
C) profitability	D) solvency

Answer & Explanation Answer: A) liquidity

Explanation:

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

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Q:

Which north-eastern state of India has signed up to host the 39th National Games in the year 2022?

A) Meghalaya	B) Mizoram
C) Manipur	D) Tripura

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