Q:

Economic reasoning is based on the premise that

A) only economic decisions or actions have a cost associated with them	B) all decisions and actions have a cost associated with them
C) all decisions or actions are costless because costs shared among decision-makers	D) only decisions or actions that involve money have a cost associated with them

Answer & Explanation Answer: B) all decisions and actions have a cost associated with them

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The economic way of thinking stresses that

A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.	B) changes in personal costs and benefits generally fail to exert much impact on behavior.
C) if a good is provided by the government, its production will not consume valuable scarce resources.	D) if one individual gains from an economic activity, then someone else must lose and in the same proportion.

Answer & Explanation Answer: A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Who among the following is the Chairman of the Fourteenth Finance Commission?

A) C. Rangarajan	B) Vijay Kelkar
C) Y. V. Reddy	D) Rakesh Mohan

Answer & Explanation Answer: C) Y. V. Reddy

Explanation:

The 14th Finance Commission was constituted in January 2014. Commissions chairman was former RBI governor Y V Reddy and its members were Sushma Nath, M. Govinda Rao, Abhijit Sen, Sudipto Mundle.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

______________ scheme launched by the Central Government is a special social security scheme which includes Pension and Life Insurance.

A) Deen Dayal Upadhyaya Grameen Kaushalya Yojana	B) Deendayal Upadhyaya Gram Jyoti Yojana
C) Mahatma Gandhi Pravasi Suraksha Yojana	D) Indradanush Scheme

Answer & Explanation Answer: C) Mahatma Gandhi Pravasi Suraksha Yojana

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Which Indian State has the highest GDP?

A) Gujarat	B) Maharashtra
C) Karnataka	D) Andhra Pradesh

Answer & Explanation Answer: B) Maharashtra

Explanation:

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Q:

Communist Party of India was founded in _____.

A) 1835	B) 1885
C) 1925	D) 1964

Answer & Explanation Answer: C) 1925

Explanation:

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Q:

The Ozone layer is present in which atmospheric layer?

A) Lithosphere	B) Ionosphere
C) Stratosphere	D) Biosphere

Answer & Explanation Answer: C) Stratosphere

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

The ozone layer protects us from harmful _______________ rays of the sun.

A) infrared	B) cosmic
C) gamma	D) ultraviolet

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