Q:

The economic way of thinking stresses that

A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.	B) changes in personal costs and benefits generally fail to exert much impact on behavior.
C) if a good is provided by the government, its production will not consume valuable scarce resources.	D) if one individual gains from an economic activity, then someone else must lose and in the same proportion.

Answer & Explanation Answer: A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.
“I‘m going to the gym now,” said Param.

A) Param said that he is going to the gym then.	B) Param said that he has gone to the gym then.
C) Param said that he had gone to the gym then.	D) Param said that he was going to the gym then.

Answer & Explanation Answer: D) Param said that he was going to the gym then.

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Filed Under: English

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select ‘No Error’.

The aroma of the invigorate morning cup of tea comes (1)/ wafting up the stairway and soon I am (2)/ sipping it slowly and reverentially without rushing. (3)/ No error (4)

A) 1	B) 2
C) 3	D) 4

Answer & Explanation Answer: A) 1

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Filed Under: English
Exam Prep: Bank Exams

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Q:

National Income refers to ___________

A) money value of goods and services produced in a country during a year	B) money value of stocks and shares of a country during a year
C) money value of capital goods produced by a country during a year	D) money value of consumer goods and services produced in a country during a year

Answer & Explanation Answer: A) money value of goods and services produced in a country during a year

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Filed Under: Indian Economy

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Q:

Stagflation is a period of _______.

A) Persistent high inflation combined with high unemployment	B) Persistent high inflation combined with low unemployment
C) Persistent low inflation combined with high unemployment	D) Persistent low inflation combined with low unemployment

Answer & Explanation Answer: A) Persistent high inflation combined with high unemployment

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Filed Under: Indian Economy
Exam Prep: CAT

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Q:

The marginal propensity to consume lies between ____________.

A) 0 to Infinity	B) 0 to 1
C) 1 to Infinity	D) 0 to 10

Answer & Explanation Answer: B) 0 to 1

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The Indira Point, the southern point of India, is situated in the ___ tip of Great Nicobar Island.

A) eastern	B) western
C) northern	D) southern

Answer & Explanation Answer: D) southern

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

In the following question, select the odd word pair from the given alternatives.

A) Crop – Rice	B) Crop – Rubber
C) Crop – Wheat	D) Crop – Bajra

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