Bank Exams Questions

Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores B) Rs. 52 crores
C) Rs. 18 crores D) Rs. 38 crores
 
Answer & Explanation Answer: C) Rs. 18 crores

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Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand B) Law of supply
C) Law of substitution D) Law of optimal choice
 
Answer & Explanation Answer: A) Law of demand

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Q:

The graph shows the production of food grains of a country in different years. Study the graph and answer the questions.

The sum of the production of food grains in the year 1982 and 1984 is equal to that in the year:

 

A) 1980 B) 1981
C) 1983 D) 1985
 
Answer & Explanation Answer: B) 1981

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Q:

Two circles with centres P and Q touch each other externally. A straight line drawn through the point of contact intersects the circle with centre P at A and the circle with centre Q at B. Then, which of the following is true?

A) AP = BQ B) AP | BQ
C) AP || BQ D) AP = 1⁄2 BQ
 
Answer & Explanation Answer: C) AP || BQ

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Q:

On 10 April 2017, Lok Sabha Passed the Motor Vehicles Act (Amendment) Bill, 2016. Under the new provisions, the compensation for death increased from Rs 25,000 to ______

A) Rs 2 lakh or more B) Rs 5 lakh or more
C) Rs 10 lakh or more D) Rs 15 lakh or more
 
Answer & Explanation Answer: A) Rs 2 lakh or more

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Q:

Suppose that the medians BD, CE and AF of a triangle ABC meet at G. Then AG: GF is

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

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Q:

The bar graph shows revenues in rupees lakhs from selling four different products (A, B, C, D) by a certain company. Study graph and answer the following question.

By what amount (in Rs crore) the total revenue by selling all the four products in 2016 is greater than that of 2015 ?

A) 1 B) 0.75
C) 1.5 D) 1.25
 
Answer & Explanation Answer: D) 1.25

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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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