Q:

7 workers work in a printing press. Each gets paid Rs 450 per day. The 8th worker demands Rs 500 per day. If this worker is hired then all other workers must be paid Rs 500. The marginal resource (labour) cost of the 8th worker is _______.

A) Rs 50	B) Rs 850
C) Rs 400	D) Rs 100

Answer & Explanation Answer: B) Rs 850

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In a centrally planned economy, the ____________ plans all the important activities in the economy.

A) Industrialists	B) Citizens
C) Government	D) Judiciary

Answer & Explanation Answer: C) Government

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Filed Under: Indian Economy
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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied	B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity	D) elasticity of demand equals elasticity of supply

Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Filed Under: Indian Economy
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Q:

Macro economics deals with

A) the circular flow of income	B) the decision making of a single economic variable like demand
C) resource allocation at firm level	D) equilibrium prices and quantities

Answer & Explanation Answer: A) the circular flow of income

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Q:

In the following question, a word has been written in four different ways out of which only one is correctly spelt. Select the correctly spelt word.

A) Apeareance	B) Appearrance
C) Appearence	D) Appearance

Answer & Explanation Answer: D) Appearance

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Filed Under: English
Exam Prep: Bank Exams

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Q:

On 10 April 2017, Lok Sabha passed the Human Immunodeficiency Virus (HIV) and AIDS (Prevention Control) Bill, 2017. Under the new provisions, which of the following is not included?

A) Establishments keeping records of information of person living with HIV must adopt data protection measures.	B) Person will be compelled to disclose his HIV status if even he/she does not give his/her Consent.
C) Prohibits any individual from advocating feeling of hatred against HIV positive persons.	D) All are included.

Answer & Explanation Answer: B) Person will be compelled to disclose his HIV status if even he/she does not give his/her Consent.

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Filed Under: Indian Politics
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Q:

Article 31A of the Indian Constitution "Saving of Laws providing for acquisition of estates, etc" deals with?

A) the State Government	B) the Union Government
C) the fundamental rights of the Indian Citizen	D) the directive principles of state policy

Answer & Explanation Answer: C) the fundamental rights of the Indian Citizen

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Q:

Who appears on behalf of the Government of India in all cases in the Supreme Court in which Government of India is concerned?

A) Comptroller and Auditor General of India	B) Advocate General of State
C) Attorney General of India	D) Chief Election Commissioner of India

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