Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3%	B) 10%
C) 2.50%	D) 7%

Answer & Explanation Answer: B) 10%

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores	B) Rs. 52 crores
C) Rs. 18 crores	D) Rs. 38 crores

Answer & Explanation Answer: C) Rs. 18 crores

Explanation:

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Filed Under: Indian Economy
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Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores	B) Rs 43.5 crores
C) Rs 76.5 crores	D) Rs 78.5 crores

Answer & Explanation Answer: D) Rs 78.5 crores

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

What denotes offering several products for sale as one combined product?

A) Advertisement	B) Product mix
C) Product bundling	D) Differentiation

Answer & Explanation Answer: C) Product bundling

Explanation:

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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 any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) If a thing	B) is worth doing at all
C) it is worth done well.	D) No error

Answer & Explanation Answer: C) it is worth done well.

Explanation:

Error is in third part. Since “doing” was used in second part it should be followed by “doing” in third part as well instead of using “done”. Such repetitive figure of speech is used in
English grammar to create emphasis. This sentence indicates that a thing that is worth doing is also worthy of doing well. Here worth is the noun that must be followed by the verb doing.

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Which one of the following constitutional authorities inquires and decides in case of doubts and disputes arising out of election of the President and Vice President Of India?

A) The Supreme Court of India	B) The Election Commission of India
C) The Parliamentary Committee	D) The High Court of Delhi

Answer & Explanation Answer: A) The Supreme Court of India

Explanation:

Supreme Court inquires and decides in case of doubts and disputes arising out of elections of President and Vice president.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

The Indian Navy in October 2016 commissioned the highly maneuverable fast attack craft INS Tihayu. INS Tihayu would be based in

A) Kochi	B) Panaji
C) Visakhapatnam	D) Mumbai

Answer & Explanation Answer: C) Visakhapatnam

Explanation:

The Indian Navy commissioned the highly manoeuvrable fast attack craft INS Tihayu at the Eastern Naval Command on 19 October 2016. The ship was commissioned at Visakhapatnam under the Naval Officer-in-Charge (Andhra Pradesh) and would be deployed for coastal patrol and surveillance operations along the Eastern Coast.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

On 5 March 2017, who launched an artificial intelligence – driven chatbot named ‘EVA (Electronic Virtual Assistant)’ for customer services?

A) ICICI Bank	B) State Bank of India
C) HDFC Bank	D) Bank of Baroda

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