Q:

Which of the following states has the lowest literacy rate?

A) Kerala	B) Rajasthan
C) Bihar	D) Maharashtra

Answer & Explanation Answer: C) Bihar

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Which one of the following indices is now used by the Reserve Bank of India to measure the rate of inflation in India?

A) NASDAQ Index	B) BSE Index
C) Consumer Price Index	D) Wholesale Price Index

Answer & Explanation Answer: C) Consumer Price Index

Explanation:

The Wholesale Price Index (WPI) was main index for measurement of inflation in India till April 2014 when RBI adopted new Consumer Price Index (CPI) as the key measure of inflation.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3%	B) 10%
C) 2.50%	D) 7%

Answer & Explanation Answer: B) 10%

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Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores	B) Rs. 52 crores
C) Rs. 18 crores	D) Rs. 38 crores

Answer & Explanation Answer: C) Rs. 18 crores

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Q:

Which is the form of market where there is lack of competition?

A) Monopoly	B) Oligopoly
C) Perfect competition	D) Marketisation

Answer & Explanation Answer: A) Monopoly

Explanation:

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Q:

How many chromosomes does a human cell contain?

A) 6	B) 26
C) 46	D) 66

Answer & Explanation Answer: C) 46

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Filed Under: Biology
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Q:

Strait of Gibraltar connects which of the following?

A) Red Sea Mediterranean Sea	B) Red Sea Arabian Sea
C) Atlantic Ocean Mediterranean Sea	D) Mediterranean Sea Black Sea

Answer & Explanation Answer: C) Atlantic Ocean Mediterranean Sea

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity?

A) 20000	B) 10000
C) 15000	D) 12000

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