Q:

Government intervention in a modern economy is useful because

A) the needs and wants of modern society are always met by the market place	B) the market place has many incentives to create public work such as parks and library’s
C) governments are more able to meet some needs and wants of modern society in a way that ensures that all members of society can participate	D) the market place powers all its own laws

Answer & Explanation Answer: C) governments are more able to meet some needs and wants of modern society in a way that ensures that all members of society can participate

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

After how much time the laws made by Parliament on the state subjects during a National Emergency become inoperative and cease to operate?

A) Three months	B) Six months
C) Nine months	D) Twelve months

Answer & Explanation Answer: B) Six months

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Q:

Who among the following is a recipient of V. Shantaram Lifetime Achievement Award at the Mumbai International Film Festival (MIFF) in year 2018?

A) Dharmendra	B) Mahesh Bhatt
C) Shyam Benegal	D) Gulzar

Answer & Explanation Answer: C) Shyam Benegal

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

2 604

Q:

Inflation exists when

A) there is general increase in the prices over time.	B) there are periodic decreases in the price level.
C) there are continuous increases in the output level over time.	D) there is rise in the purchasing value of money.

Answer & Explanation Answer: A) there is general increase in the prices over time.

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Filed Under: Indian Economy
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Q:

Which of the following is not an assumption of perfect competition?

A) There are many buyers and sellers	B) Average total costs continually decrease.
C) The good sold by all sellers in the market is assumed to be homogeneous.	D) Buyers and sellers in the market are assumed to have perfect information.

Answer & Explanation Answer: B) Average total costs continually decrease.

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Filed Under: Indian Economy
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Q:

If for the year a country's GDP was $990 million, consumer spending was $630 million, investment by businesses was $110 million, exports were $55 million and imports were $45 million, calculate government spending?

A) $260 million	B) $240 million
C) $480 million	D) $460 million

Answer & Explanation Answer: B) $240 million

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Filed Under: Indian Economy
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Q:

ZIKA virus which causes neurological birth disorders is transmitted by

A) Rat bites	B) Mosquito bites
C) Snake bites	D) Monkey bites

Answer & Explanation Answer: B) Mosquito bites

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

In which year was Facebook started?

A) 2002	B) 2004
C) 2008	D) 2009

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