Q:

According to the ‘World Inequality Report 2018’, released by World Inequality Lab based in Paris, which of the following country has the Highest Income Inequality?

A) Pakistan	B) Bangladesh
C) India	D) China

Answer & Explanation Answer: C) India

Explanation:

India has the Highest Income Inequality according to the ‘World Inequality Report 2018’, released by World Inequality Lab based at Paris School of Economics. India’s Top 1% of earners grabbed 22% share of national income, while bottom 50% managed to get only 15% share.

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Filed Under: General Awareness

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Q:

Which one of the following events is not correctly matched with the year in which it happened?

A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985	B) Conclusion of the Uruguay Round of GATT—1994
C) Inauguration of the World Trade Organization—1995	D) Establishment of the first wholly electronic stock exchange (Nasdaq)—1971

Answer & Explanation Answer: A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985

Explanation:

•SWIFT was founded in the 1970s, based on the ambitious and innovative vision of creating a global financial messaging service, and a common language for international financial messaging.

•The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 and embracing 123 countries as "contracting parties".

•The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement.

•Founded by the National Association of Securities Dealers, the NASDAQ began trading on February 8, 1971, as the world's first electronic stock market.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

A ________________ is known by different names in different parts of the world. It is called a ‘hurricane’ in North America.

A) funnel	B) whirlpool
C) cyclone	D) twister

Answer & Explanation Answer: C) cyclone

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

The energy which we get from food is measured in

A) Calories	B) Kelvin
C) Fat	D) Amperes

Answer & Explanation Answer: A) Calories

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

The 14th Finance Commission has recommended increase in States share in net proceeds from tax collection from 32% to

A) 35%	B) 40%
C) 42%	D) 45%

Answer & Explanation Answer: C) 42%

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

A) Perfect Competition	B) Monopoly
C) Oligopoly	D) Monopolistic Competition

Answer & Explanation Answer: B) Monopoly

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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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. Ifa sentence is free from error, select 'No Error'.

My elder son deals with (1)/ spare parts and manages (2)/ his bread and butter. (3)/ No Error (4)

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

Answer & Explanation Answer: A) 1

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Which of the following metals is a liquid at room temperature?

A) Lithium	B) Mercury
C) Sodium	D) Calcium

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