Questions

Q:

Price elasticity of demand is generally

A) tends to be smaller in the short run than in the long run. B) tends to be smaller in the long run than in the short run.
C) tends to be unrelated to the length of time. D) tends to be larger in the short run than in the long run.
 
Answer & Explanation Answer: A) tends to be smaller in the short run than in the long run.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

What is the full form of GST?

A) Good and Services Tax B) Goods Sales Tax
C) Grand Sales Tax D) General Sales Tax
 
Answer & Explanation Answer: A) Good and Services Tax

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Filed Under: Indian Economy
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Q:

Which of the following statements is incorrect, if resources were unlimited?

A) there would still be scarcity and opportunity costs B) there would still be scarcity but no opportunity costs
C) there would be no scarcity, but there would be opportunity costs. D) there would neither be scarcity nor opportunity costs
 
Answer & Explanation Answer: C) there would be no scarcity, but there would be opportunity costs.

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Filed Under: Indian Economy
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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Business is for profits and the spirit of __________________ and driving high performance are encouraged in a ______________ environment. Also, in a democratic country like India, perceived _______________ in the distribution of earnings or wealth is crucial to hold the fabric of its society, be it the citizens __________ the country or employees of a corporation. The evolution of compensation practices in India over the ____________ five decades demonstrates the changes that have taken place.

 

India over the ____________ five decades

 

A) lastly B) lasting
C) at last D) last
 
Answer & Explanation Answer: D) last

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Filed Under: English
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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Some writers have claimed that the ___________ of persons are incapable of even fairly correct reasoning, pointing to the absurd ideas entertained by the masses of people as a proof _______ the statement. These writers are probably a little radical _______ their views and statements, but one is often struck ______ wonder at the evidences of incapacity for interpreting __________ and impressions on the part of the general public.

 

as a proof _______ the statement.

 

A) from   B) of  
C) form   D) off
 
Answer & Explanation Answer: B) of  

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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.


Heave a sigh of relief

 

A) To suddenly feel very happy because something unpleasant has not happened or has ended. B)  Be exhausted after a gruelling physical task.
C) Get trapped in a tricky situation which you could have escaped easily. D)  Feel sad that the good times have ended.
 
Answer & Explanation Answer: A) To suddenly feel very happy because something unpleasant has not happened or has ended.

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Filed Under: English
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Q:

Union Government's School Nursery Yojana is about

A) Creating environmental awareness in young minds B) Streamlining admissions in nursery schools
C) Bringing nursery schools under regulations D) Creating awareness about safety of children
 
Answer & Explanation Answer: A) Creating environmental awareness in young minds

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Filed Under: Indian Politics
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Q:

As per a MoU signed in November 2017, India will provide financial assistance of $ 2.87 million for the public transport system to which Asian country?

 

A) Sri Lanka B) Afghanistan
C) Myanmar D) Bangladesh
 
Answer & Explanation Answer: B) Afghanistan

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Filed Under: General Awareness
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