Q:

A market situation when firms sell similar but not identical products is termed as

A) perfect competition	B) imperfect competition
C) monopolistic competition	D) oligopoly

Answer & Explanation Answer: C) monopolistic competition

Explanation:

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes.

In other words, large sellers selling the products that are similar, but not identical and compete with each other on other factors besides price.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 22717

Q:

At which particular place on earth are days and nights of equal length always?

A) Prime Meridian	B) Poles
C) Equator	D) No where

Answer & Explanation Answer: C) Equator

Explanation:

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Filed Under: General Awareness

141 22686

Q:

Consider the following statements:

1. Inflation in India continued to be moderate during 2017-18

2. There was significant reduction in food inflation, particularly pulses and vegetables during the period.

Which of the statements given above is/are correct?

A) 1 only	B) 2 only
C) Both 1 and 2	D) Neither 1 nor 2

Answer & Explanation Answer: C) Both 1 and 2

Explanation:

According to the Survey, inflation in the country continued to moderate during 2017-18 with the CPI based headline inflation averaging 3.3 per cent during the period --the lowest in the last six financial years

Retail inflation fell to a record low of 2.18% in May as prices of kitchen staples like vegetables and pulses declined sharply although there was a marginal spike in fruit rates.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

1 22677

Q:

Where was the concept of written constitution, first born

A) France	B) USA
C) Britain	D) Switzerland

Answer & Explanation Answer: B) USA

Explanation:

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Filed Under: Indian Politics

47 22669

Q:

___________ provides network backbone and e-governance support to government bodies in India.

A) NIC	B) NASSCOM
C) Department of Information Technology	D) State Bank of India

Answer & Explanation Answer: A) NIC

Explanation:

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Filed Under: Computer
Exam Prep: Bank Exams

3 22657

Q:

Statement I :

Portions of glacial troughs may exhibit remarkably flat floors.

Statement II :

The flat floor in a glacial trough is produced by uniform glacial erosion.

A) Both the statements are individually true and Statement II is the correct explanation of Statement I	B) Both the statements are individually true but Statement II is not the correct explanation of Statement I
C) Statement I is true but Statement II is false	D) Statement I is false but Statement II is true

Answer & Explanation Answer: A) Both the statements are individually true and Statement II is the correct explanation of Statement I

Explanation:

Glaciers cut distinctive U-shaped valleys with a flat floor and steep sides. These are an example of a glacial erosion landform.

Example: As the main glacier erodes deeper into the valley, the tributary is left higher up the steep sides of the glacier.

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Filed Under: General Science
Exam Prep: Bank Exams

0 22626

Q:

The concept of biosphere reserve was evolved by

A) IUCN	B) UNESCO
C) Zoological Survey of India	D) Government of India

Answer & Explanation Answer: B) UNESCO

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

1 22619

Q:

January 1 is observed as

A) Global family day	B) World red cross day
C) World telecommunication day	D) Common wealth day

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