Q:

Short run marginal cost curve cuts the average variable cost curve from _______ at the minimum point of average variable cost.

A) top	B) below
C) right	D) left

Answer & Explanation Answer: B) below

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases.	B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases.	D) if the price of a good increases, the quantity demanded of that good increases.

Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

Explanation:

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Filed Under: Indian Economy
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Q:

Short run marginal cost curve cuts the short run average cost curve from _______ at the minimum point of short run average cost.

A) top	B) below
C) right	D) left

Answer & Explanation Answer: B) below

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following minerals is not found in the plateau regions?

A) Coal	B) Iron ore
C) Mineral oil	D) Manganese

Answer & Explanation Answer: C) Mineral oil

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

The kinetic energy of a ball weighing 0.5 kg moving with a velocity of 4 m/s will be

A) 16 J	B) 4 J
C) 8 J	D) 12 J

Answer & Explanation Answer: B) 4 J

Explanation:

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

IRDAI has given its approval to LIC for the stake purchase, that will help get a capital support of Rs 10,000- 13,000 crore in which of the following state-owned banks?

A) Union Bank of India	B) IDBI Bank
C) United Bank of India	D) Indian Bank

Answer & Explanation Answer: B) IDBI Bank

Explanation:

Life Insurance Corporation of India is all set to become a knight in shining armour for the ailing IDBI Bank. In a first-of-its-kind transaction, the Insurance Regulatory and Development Authority of India (IRDAI) has approved a proposal allowing the former to acquire a majority stake in the bank.

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Filed Under: General Awareness

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Q:

Which one of the following statements in respect of the States of India is not correct?

A) States in India cannot have their own Constitutions.	B) The State of Jammu and Kashmir has its own Constitution.
C) States in India do not have the right to secede from the Union of India.	D) The maximum number of members in the Council of Ministers of Delhi can be 15 percent of the total number of members in the Legislative Assembly.

Answer & Explanation Answer: B) The State of Jammu and Kashmir has its own Constitution.

Explanation:

There shall be a Council of Ministers consisting of not more than ten per cent (a special provision for Delhi as against the 15 percent clause under 91st Amendment Act)of the total number of members in the Legislative Assembly, with the Chief Minister at the head to aid and advise the Lieutenant Governor in the exercise of his functions in relation to matters with respect to which the Legislative Assembly has power to make laws.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.

A) Perfect Competition	B) Monopoly
C) Oligopoly	D) Monopolistic Competition

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