Q:

The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.

A) Price	B) Substitution
C) Supply	D) Demand

Answer & Explanation Answer: D) Demand

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1079

Q:

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity?

A) 20000	B) 10000
C) 15000	D) 12000

Answer & Explanation Answer: A) 20000

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

1 1079

Q:

The demand curve facing a perfectly competitive firm is

A) downward sloping	B) perfectly inelastic
C) a concave curve	D) perfectly elastic

Answer & Explanation Answer: D) perfectly elastic

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The principles of internal control include

A) Maintain Records	B) Segregate of Duties
C) Mandatory Employee Rotation	D) All the above

Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.

The main internal control principles include:

Establish Responsibilities
Maintain Records
Insure Assets by Bonding Key Employees
Segregate of Duties
Mandatory Employee Rotation
Split Related Party Responsibility
Use Technological Controls
Perform Regular Independent Reviews

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

__ won the FIFA Ballon d'Or award for the best player in the World in 2015.

A) Cristiano Ronaldo	B) Neymar
C) Lionel Messi	D) Luis Suarez

Answer & Explanation Answer: C) Lionel Messi

Explanation:

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

0 1079

Q:

Who has authored the book titled "Insomnia : Army Stories" featuring stories based on life in the armed forces?

A) Anuradha Roy	B) Rachna Bisht Rawat
C) S. Hareesh	D) Chinmay Tumbe

Answer & Explanation Answer: B) Rachna Bisht Rawat

Explanation:

Penguin Random house published Rachna Bisht Rawat's new book "Insomnia : Army Stories" featuring stories based on life in the armed forces.

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Filed Under: Books and Authors
Exam Prep: Bank Exams

2 1079

Q:

Golconda Fort was built during ___.

A) Vijayanagara Empire	B) Qutb Shahi dynasty
C) Satavahana dynasty	D) Hoysala Dynasty

Answer & Explanation Answer: B) Qutb Shahi dynasty

Explanation:

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Filed Under: Indian History
Exam Prep: Bank Exams

2 1079

Q:

Ring of Fire is found commonly in_________

A) Pacific Ocean	B) Atlantic Ocean
C) Indian Ocean	D) Arctic Ocean

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