Bank Exams Questions

Q:

In which market form, a market or an industry is dominated by a single seller?

A) Oligopoly B) Monopoly
C) Duopoly D) Monopolistic Competition
 
Answer & Explanation Answer: B) Monopoly

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Q:

Who is the author of ‘The Windfall’?

A) Manmohan Singh B) Amitav Ghosh
C) Diksha Basu D) Arundhati Roy
 
Answer & Explanation Answer: C) Diksha Basu

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Q:

What was the Gross Domestic Product (GDP) for India in 2016-17 Financial Year?

A) 6.10% B) 7.10%
C) 8.10% D) 6.70%
 
Answer & Explanation Answer: B) 7.10%

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Q:

During an emergency all of the following fundamental rights are suspended, except

A) freedom of association B) freedom of speech and expression
C) personal liberty D) freedom of assembly without arms
 
Answer & Explanation Answer: C) personal liberty

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Q:

Which law states that bad money drives good money out of circulation?

A) Wagner's law B) Grimm's law
C) Gresham's law D) Keynes' law
 
Answer & Explanation Answer: C) Gresham's law

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Q:

To become a member of the Rajya Sabha a person should be at least _____ years old.

A) 18 B) 30
C) 36 D) 24
 
Answer & Explanation Answer: B) 30

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Q:

If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.

A) price exceeds its marginal costs B) price exceeds its average total costs
C) average variable costs exceed its average total costs D) fixed costs are zero
 
Answer & Explanation Answer: A) price exceeds its marginal costs

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Q:

Two equal circles of radius 3 cm each and distance between their centres is 10 cm. The length of one of their transverse common tangent is

A) 7 cm B) 9 cm
C) 10 cm D) 8 cm
 
Answer & Explanation Answer: D) 8 cm

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