Q:

In the question two statements are given, followed by two conclusions, I and II. You have to consider the statements to be true even if it seems to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements.

Statement I: All bins are baskets

Statement II: No buckets are bins

Conclusion I: All baskets are buckets

Conclusion II: All buckets are baskets

A) Only conclusion I follows	B) Only conclusion II follows
C) Both conclusions I and II follow	D) Neither conclusion I nor conclusion II follows

Answer & Explanation Answer: D) Neither conclusion I nor conclusion II follows

Explanation:

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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams

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Q:

Who was awarded the 2018 Padama Bhushan Award in the field of Art-Music?

A) Anuradha Paudwal	B) R. Sathyanarayan
C) Sharda Sinha	D) Ibrahim Sultan

Answer & Explanation Answer: C) Sharda Sinha

Explanation:

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers	B) Income of consumers remains constant
C) Consumers are affected by demonstration effect	D) There are no changes in the price of substitute goods.

Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Filed Under: Indian Economy
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Q:

The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.

A) Price	B) Substitution
C) Supply	D) Demand

Answer & Explanation Answer: D) Demand

Explanation:

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Filed Under: Indian Economy
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Q:

Which of following is true if the Government monetized part of its deficit?

A) Money supply in the economy will increase.	B) Interest rate will increase.
C) Government revenue will decrease.	D) Government expenditure will increase.

Answer & Explanation Answer: A) Money supply in the economy will increase.

Explanation:

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Filed Under: Indian Economy
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Q:

Osteoporosis is the disease related to

A) Spinal cord	B) Heart
C) Kidneys	D) Lungs

Answer & Explanation Answer: A) Spinal cord

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Which of the following is a good source of Vitamin A?

A) Cabbage	B) Carrot
C) Regular Potato	D) Strawberry

Answer & Explanation Answer: B) Carrot

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

In which of the following mentioned activities is the potential energy (P.E) converted into kinetic energy(K.E)?

A) The explosion of a fire cracker	B) The switching on of a torch
C) The switching off of a torch	D) The swinging of a pendulum

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