Q:

Which of the following statements is incorrect, if resources were unlimited?

A) there would still be scarcity and opportunity costs	B) there would still be scarcity but no opportunity costs
C) there would be no scarcity, but there would be opportunity costs.	D) there would neither be scarcity nor opportunity costs

Answer & Explanation Answer: C) there would be no scarcity, but there would be opportunity costs.

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Globalization of the economy has

A) decreased regional specialization of production	B) decreased investment in less developed countries
C) heightened economic differences among places	D) leveled economic differences between places

Answer & Explanation Answer: C) heightened economic differences among places

Explanation:

Economic globalization is the increasing economic integration and interdependence of national, regional and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The consumption and saving schedules reveal that the:

A) MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line.	B) MPC is equal to or greater than one at all income levels.
C) MPC is greater than zero, but less than one.	D) APS is positive at all income levels.

Answer & Explanation Answer: C) MPC is greater than zero, but less than one.

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

What is the full form of GST?

A) Good and Services Tax	B) Goods Sales Tax
C) Grand Sales Tax	D) General Sales Tax

Answer & Explanation Answer: A) Good and Services Tax

Explanation:

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Q:

Which country has won maximum number of World cup titles in football?

A) Argentina	B) Brazil
C) France	D) Italy

Answer & Explanation Answer: B) Brazil

Explanation:

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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

What happens to the Potential and Kinetic energies of a body as it falls down from a height?

A) Its Potential energy decreases while its Kinetic energy increases	B) There is no change in its Potential or Kinetic energy
C) Its Potential and Kinetic energies decrease	D) Its Potential energy increases while its Kinetic energy decreases

Answer & Explanation Answer: A) Its Potential energy decreases while its Kinetic energy increases

Explanation:

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

The speed of light in vacuum is estimated as ___ meters/second.

A) 3.00 x 108	B) 3.10 x 108
C) 3.12 x 108	D) 3.15 x 108

Answer & Explanation Answer: A) 3.00 x 108

Explanation:

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

Business is for profits and the spirit of __________________ and driving high performance are encouraged in a ______________ environment. Also, in a democratic country like India, perceived _______________ in the distribution of earnings or wealth is crucial to hold the fabric of its society, be it the citizens __________ the country or employees of a corporation. The evolution of compensation practices in India over the ____________ five decades demonstrates the changes that have taken place.

India over the ____________ five decades

A) lastly	B) lasting
C) at last	D) last

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