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 G-77 is a coalition of developing nation, what was the venue of G-77, 2017 summit?

A) Indonesia	B) Ecuador
C) South Korea	D) Argentina

Answer & Explanation Answer: B) Ecuador

Explanation:

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Filed Under: World Geography
Exam Prep: Bank Exams

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Q:

Which Oil company has successfully conducted a 'Proof of Concept' feasibility study on 'Zero-emission electric mobility'?

A) Bharat Petroleum Corporation Ltd (BPCL)	B) Oil India Ltd (OIL)
C) Indian Oil Corporation Ltd (IOCL)	D) Reliance Industries Ltd (RIL)

Answer & Explanation Answer: C) Indian Oil Corporation Ltd (IOCL)

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

1 510

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:

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
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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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Q:

Price elasticity of demand is generally

A) tends to be smaller in the short run than in the long run.	B) tends to be smaller in the long run than in the short run.
C) tends to be unrelated to the length of time.	D) tends to be larger in the short run than in the long run.

Answer & Explanation Answer: A) tends to be smaller in the short run than in the long run.

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

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