Questions

Q:

__________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: A) Law of diminishing marginal product

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

As per the announcement by the government in August 2017, Banks importing gold and precious metals will have to pay ______ tax under the GST.

 

A) 5%   B) 10%  
C) 3%   D) 8%
 
Answer & Explanation Answer: C) 3%  

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which bill can be introduced without the prior recommendation of the President of India?

A) Money Bill B) Finance Bill
C) Ordinary Bill D) No option is correct
 
Answer & Explanation Answer: C) Ordinary Bill

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Which Indian industrialist who was elected as the Chairman of the International Chamber of Commerce (ICC) in 2016 ?

A) Anil Ambani B) Sunil Mittal
C) Mukesh Ambani D) Lakshmi Mittal
 
Answer & Explanation Answer: B) Sunil Mittal

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Filed Under: General Awareness
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Q:

One of the most destructive volcanoes in recent times has been the Kilauea volcano.Where is it located?

A) Hawaii B) Japan
C) Spain D) Vietnam
 
Answer & Explanation Answer: A) Hawaii

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Filed Under: World Geography
Exam Prep: Bank Exams

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Q:

Article 31A of the Indian Constitution "Saving of Laws providing for acquisition of estates, etc" deals with?

A) the State Government B) the Union Government
C) the fundamental rights of the Indian Citizen D) the directive principles of state policy
 
Answer & Explanation Answer: C) the fundamental rights of the Indian Citizen

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Filed Under: Indian Politics
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Q:

What is the minimum age to become the Prime Minister of India if he or she is a member of Rajya Sabha?

A) 18 B) 25
C) 30 D) 35
 
Answer & Explanation Answer: C) 30

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Q:

In August 2017, RBI announced to transfer approximately how much amount for the Financial Year 2016-17 as a dividend to the Government?

A) Rs 30,659 crore B) Rs 50,650 crore
C) Rs 60,659 crore D) Rs 70,659 crore
 
Answer & Explanation Answer: A) Rs 30,659 crore

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Filed Under: Indian Politics
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