Q:

In 2015, the nominal rate of interest in a country was 5.5% and the inflation rate then was 2.5%. So real rate of interest in 2015 was _________.

A) 8 percent	B) 2.2 percent
C) 13.75 percent	D) 3 percent

Answer & Explanation Answer: D) 3 percent

Explanation:

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Filed Under: Indian Economy

1 954

Q:

When some goods or productive factors are completely fixed in amount, regardless of price, the supply curve is

A) horizontal	B) downward sloping to the right
C) vertical	D) upward sloping to the right

Answer & Explanation Answer: D) upward sloping to the right

Explanation:

Although demand curves are typically downward sloping to reflect that consumers’ utility for a good diminishes with increased consumption, firm supply curves are generally upward sloping.The upward sloping character reflects that firms will be willing to increase production in response to a higher market price because the higher price may make additional production profitable.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 954

Q:

Which of the following do economists consider to be capital?

A) a construction crane	B) a savings account
C) a share of IBM stock	D) a pair of stockings

Answer & Explanation Answer: A) a construction crane

Explanation:

In economics, there are four factors of production. They are :

1. Land

2. Labour

3. Capital

4. Organization

Here in the given options, a construction crane acts like capital.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 954

Q:

What is the popular name of Monolithic rock shrines at Mahabalipuram ?

A) Rathas	B) Prasadas
C) Mathika	D) Gandhakuti

Answer & Explanation Answer: A) Rathas

Explanation:

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Filed Under: Indian Geography
Exam Prep: Bank Exams

0 954

Q:

If $\tan 45^{0} = c o t \emptyset, t h e n t h e v a l u e o f \emptyset, i n r a d i a n s i s$

A) π	B) π9
C) π2	D) π12

Answer & Explanation Answer: B) π9

Explanation:

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Filed Under: Quantitative Aptitude - Arithmetic Ability

0 954

Q:

Revolving Door was invented by ________.

A) Lucien Vidi	B) John Venn
C) Theophilus Van Kannel	D) Lewis Urry

Answer & Explanation Answer: C) Theophilus Van Kannel

Explanation:

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Filed Under: Inventions
Exam Prep: Bank Exams

0 954

Q:

The first Commonwealth Games in 1930 was held in which country?

A) Australia	B) England
C) New Zealand	D) Canada

Answer & Explanation Answer: D) Canada

Explanation:

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Filed Under: Sports

2 954

Q:

Which country is headed towards a confrontation over Gibraltar with Spain?

A) France	B) Morocco
C) Germany	D) United Kingdom

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