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Q:

Which curve shows the inverse relationship between unemployment and inflation rates

A) Supply curve B) Indifference curve
C) IS curve D) Phillips curve
 
Answer & Explanation Answer: D) Phillips curve

Explanation:
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Filed Under: Indian Economy

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Q:

The SLR is determined by the RBI. SLR stands for

A) States Leverage Return B) Savings Lease Rate
C) Statutory Liquidity Ratio D) Safe Legal Range
 
Answer & Explanation Answer: C) Statutory Liquidity Ratio

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The determinants of aggregate supply -

A) Capital stock B) Wages
C) Technology D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Aggregate supply is the total supply of goods and services available to a particular market from producers.

Wages, Technology, Capital stock, Energy prices are the determinants of aggregate supply.

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

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Q:

In India, how much percent of GDP is the fiscal deficit target for the Financial Year 2017-18?

A) 4.20% B) 3.20%
C) 2.20% D) 4.00%
 
Answer & Explanation Answer: B) 3.20%

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

What is an octroi ?

A) Tax B) Tax collection centre
C) Tax processing centre D) Tax information centre
 
Answer & Explanation Answer: A) Tax

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The short run marginal cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If a person's income increases from Rs. 10 lakhs per year to Rs. 11 lakhs per year and tax increases from Rs. 80,000 to Rs. 92,500 the marginal tax rate is

A) 12.50% B) 8%
C) 10% D) 15%
 
Answer & Explanation Answer: A) 12.50%

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Read each sentence to find out whether there is an error in it. The error, if any, will be in one part of the sentence. If there is no error, the answer will be “No Error”.

A) Linking traditional American Native stories B) to historic records of a Japanese tsunami
C) was considered an exception, not the start D) of a fruitful geological collaboration.
 
Answer & Explanation Answer: A) Linking traditional American Native stories

Explanation:

In 1 part, use of 'Native' after ‘American’ is incorrect. Also ‘traditional’ should come before ‘stories’. Native is an adjective that is used here for American and not stories. So native will come before American. Traditional is used as an adjective for stories. This is a case of misplaced modifiers.Hence 1 is the correct choice.

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Filed Under: English
Exam Prep: Bank Exams

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