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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: A) Inferior goods

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

A piece of paper is folded and cut as shown below in the question figures. From the given answer figures, indicate how it will appear when opened.

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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Filed Under: Paper Cutting
Exam Prep: Bank Exams

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Q:

If demand curve for renting a car is D = 90000 -­ 23P and supply curve is S = 9000 + 7P, find the equilibrium Price?

A) Rs 1800 B) Rs 900
C) Rs 3600 D) Rs 2700
 
Answer & Explanation Answer: D) Rs 2700

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following is the CORRECT option for the triangles having sides in the ratio of 3:4:6?

A) Acute angled B) Obtuse angled
C) Right angled D) Either acute or right angled
 
Answer & Explanation Answer: B) Obtuse angled

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Filed Under: Volume and Surface Area
Exam Prep: Bank Exams

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Q:

If for the year a country's GDP was $ 1315 million, consumer spending was $900 million, investment by businesses was $180 million, exports were $85 million and imports were $100 million, calculate government spending?

A) $220 million B) $250 million
C) $580 million D) $610 million
 
Answer & Explanation Answer: B) $250 million

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The pie chart shows the investments made by 7 partners in a business. Study the diagram and answer the following questions.

If the business makes Rs 45 lakh profit which is distributed between the partners how much does C get (in Rs lakhs)?

 

A) 3 B) 2
C) 1.5 D) 2.5
 
Answer & Explanation Answer: C) 1.5

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Filed Under: Pie Charts
Exam Prep: Bank Exams

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Q:

In India, which of the following is regulated by the Forward Markets Commission?

A) Currency Futures Trading B) Commodities Futures Trading
C) Equity Futures Trading D) Both Commodities Futures and Financial Futures Trading
 
Answer & Explanation Answer: B) Commodities Futures Trading

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

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Q:

Total asset turnover is used to evaluate

A) The efficiency of management's use of assets to generate sales B) The need for asset replacement
C) The cash flows used to acquire assets D) The relation between asset cost and book value
 
Answer & Explanation Answer: A) The efficiency of management's use of assets to generate sales

Explanation:

Total asset turnover is the ratio which measures the value of a company's sales or revenues relative to the value of its assets. It is used to evaluate The efficiency of management's use of assets to generate sales.

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Filed Under: Business Awareness
Exam Prep: Bank Exams

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