Questions

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

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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 its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

A) Rs 110 crores B) Rs 300 crores
C) Rs 60 crores D) Rs 250 crores
 
Answer & Explanation Answer: C) Rs 60 crores

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which Indian badminton player won the silver medal in the 2016 Rio Olympics?

A) Sania Mirza B) PV Sindhu
C) Saina Nehwal D) Rituparna Das
 
Answer & Explanation Answer: B) PV Sindhu

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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

What is MUDRA?

A) Development and Refinance Agency B) Scheme for Agricultural Insurance
C) New Planet Discovered D) Development and Regulatory Authority for Urban Township
 
Answer & Explanation Answer: A) Development and Refinance Agency

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

In January 2018, the Companies (Amendment) Act, 2017 was notified. Few provisions in the amendment Act have important bearing on the working of the______.

A) Insolvency and Bankruptcy Code (IBC), 2016 B) NABARD (amendment) Bill, 2017
C) AMASR (amendment) Bill, 2017 D) No option is correct
 
Answer & Explanation Answer: A) Insolvency and Bankruptcy Code (IBC), 2016

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Filed Under: Indian Politics
Exam Prep: Bank Exams , CAT

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Q:

Collab is the new music video application launched by which major company?

A) Amazon B) Apple
C) Microsoft D) Facebook
 
Answer & Explanation Answer: D) Facebook

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Where was Asia Pacific Economic Cooperation (APEC) 2017 summit held?

A) Singapore B) Vietnam
C) Australia D) Japan
 
Answer & Explanation Answer: B) Vietnam

Explanation:

APEC 2017 summit was held in the city ‘Da Nang, Vietnam’ under the theme of ‘Creating New Dynamism, Fostering a Shared Future’. APEC is the forum of 21 pacific region countries, headquartered at Singapore, which promotes free trade in the Asia-pacific region.

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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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