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Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: D) decrease; increase

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The world famous painting 'The Last Judgment' was created by which of the following painters?

A) Leonardo da Vinci B) Michelangelo
C) Raphael Raphael राफे ल 4 ) Van Gogh वॉन गाग Downloaded from www.qmaths.in Visit http://mocks.qmaths.in for best mocks of SSC, Bank and Railways Exams. www.qmaths.in     D) Van Gogh
 
Answer & Explanation Answer: B) Michelangelo

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Filed Under: Famous Personalities
Exam Prep: Bank Exams

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Q:

India was able to achieve the fiscal deficit target for the Financial Year 2016-17. It was how much percent of GDP?

A) 3.50% B) 4.20%
C) 3.00% D) 2.50%
 
Answer & Explanation Answer: A) 3.50%

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Goods  and  Services  Tax  likely  to  be  levied in India is not a

A) gross value tax B) value-added tax
C) consumption tax D) destination-based tax
 
Answer & Explanation Answer: A) gross value tax

Explanation:

GST  is  a  destination-based  tax,  it means   end   users   consuming   any goods or services is liable to pay the Goods  and  Services  Tax.  The  tax  is collected  by  the  State  in  which  the goods or services are consumed and not  by  the  state  in  which  goods  are manufactured    and    If    there    are exports,  the  seller  of  the  goods  or services  is  exempted  from  paying the tax. GST is a consumption-based tax,  it  means  the  state  where  the goods  were  consumed  will  receive GST   and   where   goods   were   sold should  not  get  any  taxes.GST  is  a value added tax as it is based on the increase  in  value  of  a  product  or service  at  each  stage  of  production or   distribution.GST   is   not   gross value tax.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The Reserve Bank of India (RBI) proposed a four-tier regulatory framework for which type of financial institutions?

A) Foreign Banks B) Small Finance Banks
C) NBFCs D) Payments Banks
 
Answer & Explanation Answer: C) NBFCs

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

If '+' means 'multiplication', '-' means 'division', 'x' means 'subtraction' and '/' means 'addition', then 9 + 8 / 8 - 4 x 9 =

A) 65 B) 11
C) 26 D) 56
 
Answer & Explanation Answer: A) 65

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Filed Under: Coding and Decoding
Exam Prep: Bank Exams

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Q:

___ are a mountain range that runs almost parallel to the western coast of the Indian peninsula, and is one of the eight "hottest hotspots" of biological diversity in the world sometimes called the "Great Escarpment of India".

A) Eastern Ghats B) Western Ghats
C) Himalayas D) Satpura Range
 
Answer & Explanation Answer: B) Western Ghats

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

Which is the 1st country to recognise Pfizer-bioNtech's coronavirus vaccine?

A) Russia B) Britain
C) Australia D) India
 
Answer & Explanation Answer: B) Britain

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Filed Under: General Awareness
Exam Prep: Bank Exams

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