Q:

The Kambala festival of Karnataka is essentially associated with what?

A) Cock fighting	B) Buffalo race
C) Tribal dance	D) Bull fighting

Answer & Explanation Answer: B) Buffalo race

Explanation:

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Q:

If price of an article decreases from Rs. 25 to Rs. 20, quantity demanded increases from Q1 units to 1500 units. If point elasticity of demand is -1.25, find Q1?

A) 900 units	B) 1200 units
C) 1800 units	D) 2000 units

Answer & Explanation Answer: B) 1200 units

Explanation:

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Filed Under: Indian Economy
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Q:

In April 2017, N. K. Singh Committee recommended a fiscal deficit of how much percent of GDP by Financial Year 2022-23?

A) 2.50%	B) 3.00%
C) 3.50%	D) 4.00%

Answer & Explanation Answer: A) 2.50%

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

What does 'C' stands for 'CAGR', a business specific term for the geometric progression ratio that provides a constant rate over the specific time period?

A) Control	B) Compound
C) Credit	D) Call

Answer & Explanation Answer: B) Compound

Explanation:

CAGR stands for Compound Annual Growth Rate. So, C stands for Compound. Compound annual growth rate (CAGR) is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period.

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Filed Under: Indian Economy
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Q:

Which of the following taxes is levied by the State Government only?

A) Wealth tax	B) Entertainment tax
C) Income tax	D) Gift tax

Answer & Explanation Answer: B) Entertainment tax

Explanation:

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Filed Under: Indian Economy
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Q:

The closest example of a centrally planned economy is the __________ for the major part of the 20th Century.

A) USA	B) India
C) Soviet Union	D) Japan

Answer & Explanation Answer: C) Soviet Union

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Filed Under: Indian Economy
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Q:

A 'Market Economy' is one which

A) is controlled by the Government	B) is free from the Government control
C) in influenced by international market forces	D) All of these

Answer & Explanation Answer: B) is free from the Government control

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If demand curve for racing cycles is D = 59600 - 6P and supply curve is S = 29600 + 4P, find the equilibrium Quantity?

A) 118000	B) 300
C) 41600	D) 6000

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