Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist	B) Socialist
C) Mixed	D) Both Capitalist and Socialist

Answer & Explanation Answer: A) Capitalist

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units	B) 4500 units
C) 10500 units	D) 6000 units

Answer & Explanation Answer: D) 6000 units

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The existence of a parallel economy (black money) ___________.

A) makes economy more competitive	B) makes the monetary policies less effective
C) ensures a better distribution of income and wealth	D) ensures increasing productive investment

Answer & Explanation Answer: B) makes the monetary policies less effective

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

A cylindrical vessel of radius 4 cm contains water . A solid sphere of radius 3 cm is dipped into the water until it is completely immersed . The water level in the vessel will rise by

A) 3.5 cm	B) 2.25 cm
C) 2 cm	D) 3.8 cm

Answer & Explanation Answer: B) 2.25 cm

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Filed Under: Quantitative Aptitude - Arithmetic Ability

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Q:

Which actor-turned-politician is currently a Lok Sabha Member from Ahmedabad (East) constituency?

A) Hema Malini	B) Dharmendra
C) Shatrughan Sinha	D) Paresh Rawal

Answer & Explanation Answer: D) Paresh Rawal

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Which institute launches Bharat Inclusive Initiative?

A) IIT Bombay	B) IIM Ahmedabad
C) IIT Kharagpur	D) IIM Calcutta

Answer & Explanation Answer: B) IIM Ahmedabad

Explanation:

IIM Ahmedabad launches Bharat Inclusive Initiative.
IIM-Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched a Bharat Inclusion Initiative to build knowledge and foster innovation and entrepreneurial activity across areas such as financial inclusion, livelihood, education and
health. Centre for Innovation Incubation and Entrepreneurship (CIIE) at IIM Ahmedabad helps entrepreneurs turn ideas into viable businesses.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

What does the term 'Ebola' stand for?

A) A viral disease outbreak in West Africa	B) A viral disease outbreak in Bangladesh
C) A city in Syria destroyed by ISIS	D) None of the these

Answer & Explanation Answer: A) A viral disease outbreak in West Africa

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

The Indian and Japanese Prime Ministers have recently signed a high-spend rail project deal that will connect Mumbai with which major city?

A) Bangalore	B) Hyderabad
C) Ahmedabad	D) New Delhi

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