Questions

Q:

Match the characteristics with their market structure:
(a) Firm has control over quantity of output but it must take into account reactions of competitors.
b) Firm will tend to set output so that it earns maximum profits.

A) (a) Oligopoly, (b) Pure competition B) (a) Monopolistic competition, (b) Oligopoly
C) (a) Pure Monopoly, (b) Pure competition D) (a) Oligopoly, (b) Pure Monopoly
 
Answer & Explanation Answer: D) (a) Oligopoly, (b) Pure Monopoly

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Reema wants to buy a certain designer party dress. The shop is offering a discount of 20% on that dress which is marked at Rs 5000. If Reema was willing to pay even Rs 7000 for that dress, Reema's consumer surplus is

A) Rs 3000 B) Rs 2000
C) Rs 1000 D) Rs 7000
 
Answer & Explanation Answer: A) Rs 3000

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Who is the only Indian economist to have won the Nobel prize?

A) Avinash Dixit B) Amit Mishra
C) Amartya Sen D) Abhijit Banerjee
 
Answer & Explanation Answer: C) Amartya Sen

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Filed Under: Indian Economy
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Q:

Thar desert is in

A) Madhya Pradesh B) Rajasthan
C) Gujarat D) Uttarakhand
 
Answer & Explanation Answer: B) Rajasthan

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

Two circles of same radius intersect each other at P and Q. If the length of the common chord is 30 cm and distance between the centres of the two circlesis 40 cm, then what is the radius (in cm) of the circles?

A) 25 B) 26
C) 27 D) 28
 
Answer & Explanation Answer: A) 25

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Q:

Find the odd word/letters/number from the given alternatives.

A) 93 B) 79
C) 97 D) 89
 
Answer & Explanation Answer: A) 93

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Q:

IRDAI has given its approval to LIC for the stake purchase, that will help get a capital support of Rs 10,000- 13,000 crore in which of the following state-owned banks?

A) Union Bank of India B) IDBI Bank
C) United Bank of India D) Indian Bank
 
Answer & Explanation Answer: B) IDBI Bank

Explanation:

Life Insurance Corporation of India is all set to become a knight in shining armour for the ailing IDBI Bank. In a first-of-its-kind transaction, the Insurance Regulatory and Development Authority of India (IRDAI) has approved a proposal allowing the former to acquire a majority stake in the bank.

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Filed Under: General Awareness

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Q:

Which of the following cube in the answer figure cannot be made based on the unfolded cube in the question figure?

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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