Questions

Q:

Prime Minister's 'Ujjwala Yojana' is related to __________________

A) Free distribution of LPG connections to socially backward classes. B) Free electric connections to members of Scheduled Castes and Scheduled Tribes.
C) Mass immunisation campaign for children. D) None of the these.
 
Answer & Explanation Answer: A) Free distribution of LPG connections to socially backward classes.

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Filed Under: Indian Politics
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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Filed Under: Indian Economy
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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:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent B) 7.8 percent
C) 10.2 percent D) 10 percent
 
Answer & Explanation Answer: A) 7.5 percent

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Q:

Working capital is a measure of

A) liquidity B) consistency
C) profitability D) solvency
 
Answer & Explanation Answer: A) liquidity

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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

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Q:

Which north-eastern state of India has signed up to host the 39th National Games in the year 2022?

A) Meghalaya B) Mizoram
C) Manipur D) Tripura
 
Answer & Explanation Answer: A) Meghalaya

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Filed Under: Indian Geography
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Q:

Who among the following was NOT one of the 'Nine Gems' of Emperor Akbar's court?

A) Raja Todar Mal B) Fakir Aziao-Din
C) Abu'l-Fazil ibn Mubarak D) Osman Ali Khan
 
Answer & Explanation Answer: D) Osman Ali Khan

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Filed Under: Indian History
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