Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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

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Q:

The determinants of aggregate supply -

A) Capital stock B) Wages
C) Technology D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Aggregate supply is the total supply of goods and services available to a particular market from producers.

Wages, Technology, Capital stock, Energy prices are the determinants of aggregate supply.

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

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Q:

Which curve shows the inverse relationship between unemployment and inflation rates

A) Supply curve B) Indifference curve
C) IS curve D) Phillips curve
 
Answer & Explanation Answer: D) Phillips curve

Explanation:
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Q:

The 14th Finance Commission has recommended increase in States share in net proceeds from tax collection from 32% to

A) 35% B) 40%
C) 42% D) 45%
 
Answer & Explanation Answer: C) 42%

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

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Q:

Which one of the following Indian States has the highest percentage of Scheduled Tribe population to its total population?

A) Mizoram B) Nagaland
C) Meghalaya D) Arunachal Pradesh
 
Answer & Explanation Answer: A) Mizoram

Explanation:

                     Scheduled Tribes 

State with highest proportion of Scheduled Tribes               Mizoram (94.5 %)

State with lowest proportion of Scheduled Tribes                 Goa (0.04 %)

UT with highest proportion of Scheduled Tribes                   Lakshadweep (94.5 %)

UT with lowest proportion of Scheduled Tribes                     A & N Islands (8.3 %)

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.
A speech or a presentation made without previous preparation.

A) Euphemism B) Obituary
C) Extempore D) Soliloquy
 
Answer & Explanation Answer: C) Extempore

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the word similar in meaning to the word given.
Pernicious

A) Beneficial B) Dangerous
C) Innocuous D) Advantageous
 
Answer & Explanation Answer: B) Dangerous

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best
expresses the same sentence in Indirect/Direct speech.
He said, "I saw the movie yesterday."

A) He said that he has seen the movie the day before. B) He said that I had seen the movie the day before.
C) He said that he had seen the movie the day before. D) He said that I have seen the movie the day before.
 
Answer & Explanation Answer: C) He said that he had seen the movie the day before.

Explanation:
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