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 _________ of a firm is a relationship between inputs used and output produced by the firm.

A) Marginal product	B) Production function
C) Total product	D) Average product

Answer & Explanation Answer: B) Production function

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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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

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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 its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

A) Rs 110 crores	B) Rs 300 crores
C) Rs 60 crores	D) Rs 250 crores

Answer & Explanation Answer: C) Rs 60 crores

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The Dhola-Sadiya Bridge, dedicated to the nation by Prime Minister Narendra Modi, is built across which river?

A) Narmada River	B) Yamuna River
C) Lohit River	D) Ganges River

Answer & Explanation Answer: C) Lohit River

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

Study the Bar diagram carefully and answer the questions. The Bar diagram shows the trends of foreign direct investment (FDI) into India from all over the World (in Rs. crores).

The ratio of investment in 1997 to the average investment is

A) 2:1	B) 1:2
C) 1:1	D) 3:1

Answer & Explanation Answer: A) 2:1

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Filed Under: Quantitative Aptitude - Data Interpretation
Exam Prep: Bank Exams

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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:

There are total _________ parliamentary seats (Rajya Sabha constituency) in Odisha.

A) 11	B) 19
C) 10	D) 1

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