Questions

Q:

The Certificate of Deposit (CD) is a negotiable money market instrument and issued in the form of?

A) Derivative Usance Promissory Note B) Usance Promissory Note
C) Demand Promissory Note D) Both a & b
 
Answer & Explanation Answer: B) Usance Promissory Note

Explanation:

The Certificate of Deposit (CD) is a negotiable money market instrument and issued in dematerialised form or as a Usance Promissory Note against funds deposited at a bank or other eligible financial institution for a specified time period. (Usance Promissory Note has to be paid after certain time period).

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers B) Income of consumers remains constant
C) Consumers are affected by demonstration effect D) There are no changes in the price of substitute goods.
 
Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Filed Under: Indian Economy
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Q:

Which of the following is done at a Stock Exchange ?

A) Commodities are bought and sold at wholesale price B) Commodities are bought and sold at retail price
C) Securities are bought and sold D) None of these
 
Answer & Explanation Answer: C) Securities are bought and sold

Explanation:
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Q:

Which leukocyte is responsible for antibody production?

A) Monocyte B) T-Cells
C) B Lymphocyte D) Basophil
 
Answer & Explanation Answer: C) B Lymphocyte

Explanation:

Leukocyte, commonly known as a white blood cell (WBC), is a major component in protecting the body against invading microorganisms and body cells with mutated DNA, and they clean up debris. 

B Lymphocyte also called as B-Cells or plasma cells produces the antibodies or immunoglobulins that bind to specific foreign or abnormal components of plasma membranes. This is also referred to as humoral (body fluid) immunity.

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

In the given question, an idiom/phrase highlighted in bold is given in a sentence. Choose the most suitable meaning of the idiom/phrase.

The prisoners broke out of jail when the guards weren’t looking

A) Raised B) Surrenderd
C) Escaped D) Perpetuated
 
Answer & Explanation Answer: C) Escaped

Explanation:

A forcible escape from a prison is called a breakout. The correct answer is option 3. Perpetuate means to preserve or continue. Hence option 3 is the correct response.

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Filed Under: English

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Q:

In the given question, a statement divided into different segments is given. The first segment is fixed, rearrange the other segments to form a coherent statement.

The dissolution of the assembly/ in the state which was (P)/ was followed by a prolonged (Q)/ already marred with political instability (R)/ tug of war for seizing the power (S)

A) RSPQ B) QSRP
C) PSRQ D) PRQS
 
Answer & Explanation Answer: D) PRQS

Explanation:

Clearly, R and S can't follow the first segment. This eliminates option 1.

Option 2: It is incorrect since P ends with was, which can't be used to end the statement.

Option 3: It is incorrect since the statement can't end in 'by a prolonged'.

Option 4: It makes a coherent statement; hence put it on hold.

Option 5: It is incorrect because P ends in 'was' and Q begins with 'was'.

Two 'was' can't be used together. Hence, the correct sequence is PRQS.

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Filed Under: English

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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of the four alternatives suggested, select the one which best expresses the same sentence in Passive/Active voice.

After driving Dr. Bose to the hospital he dropped him at his guest house.

A) After being driven to the hospital Dr. Bose was dropped at his guest house. B) After he had driven Dr. Bose to the hospital he had dropped him at his guest house.
C) After he was driving Dr. Bose to the hospital he was dropping him at his guest house. D) Dr. Bose was being driven to the hospital first and then he was being dropped at his guest house.
 
Answer & Explanation Answer: A) After being driven to the hospital Dr. Bose was dropped at his guest house.

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) The peon B) has not sweeped
C) the floor today. D) No error
 
Answer & Explanation Answer: D) No error

Explanation:

The given sentence is grammatically correct and there is no error.

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Filed Under: English
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