Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs	B) price = average profit
C) price = marginal costs = minimum average total costs	D) price = minimum average variable costs

Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The demand curve facing a perfectly competitive firm is

A) downward sloping	B) perfectly inelastic
C) a concave curve	D) perfectly elastic

Answer & Explanation Answer: D) perfectly elastic

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Who is the newly appointed Foreign Secretary of India who took charge in early 2018?

A) Vijay Keshav Gokhale	B) Usha Rani
C) Nitin Kumar Yadav	D) Rajni Sekhri Sibal

Answer & Explanation Answer: A) Vijay Keshav Gokhale

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

WIMAX stands for

A) Wireless Interoperability for Microwave Access	B) Wired Interoperability for Microwave Access
C) Worldwide Interoperability for Microwave Access	D) Worldwide Infrastructure for Microwave Access

Answer & Explanation Answer: B) Wired Interoperability for Microwave Access

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

'Akash' developed by DRDO is

A) A surface-to-air missile system	B) A surface-to-surface missile system
C) A air-to-surface missile system	D) Not a missile system

Answer & Explanation Answer: A) A surface-to-air missile system

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Which famous film actress and celebrity won the PETA 'Person of the Year' award in 2017?

A) Anushka Sharma	B) Priyanka Chopra
C) Alia Bhatt	D) Deepika Padukone

Answer & Explanation Answer: A) Anushka Sharma

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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Q:

In which year, was the Noble Peace Prize jointly given to Kailash Satyarthi and Malala Yousafzai?

A) 2012	B) 2013
C) 2014	D) 2015

Answer & Explanation Answer: C) 2014

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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Q:

The Arjuna Awards given by the Government of India is for public achievement in which of the following fields?

A) Literature	B) Poverty Eradication
C) Sports	D) Economics

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