Q:

As it relates to international trade, dumping

A) is the practice of selling goods in a foreign market at less than cost.	B) is a form of price discrimination illegal under U.S. antitrust laws.
C) is defined as selling more goods than allowed by an import quota.	D) constitutes a general case for permanent tariffs.

Answer & Explanation Answer: A) is the practice of selling goods in a foreign market at less than cost.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Match the characteristics with their market structure:
(a) Firm has control over quantity of output but it must take into account reactions of competitors.
b) Firm will tend to set output so that it earns maximum profits.

A) (a) Oligopoly, (b) Pure competition	B) (a) Monopolistic competition, (b) Oligopoly
C) (a) Pure Monopoly, (b) Pure competition	D) (a) Oligopoly, (b) Pure Monopoly

Answer & Explanation Answer: D) (a) Oligopoly, (b) Pure Monopoly

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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

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

A bank statement provided by the bank includes

A) The beginning and the ending balance of the depositor's account	B) A list of outstanding check
C) A list of pretty cash amounts	D) A listing of deposits in transit

Answer & Explanation Answer: A) The beginning and the ending balance of the depositor's account

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Q:

Which among the following is respiratory pigment in human beings?

A) Melanin	B) Haemoglobin
C) Rhodopsin	D) Bilirubin

Answer & Explanation Answer: B) Haemoglobin

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Filed Under: Biology
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Q:

Which of the following elements was the last element in Newland's Law of Octaves?

A) Thorium	B) Hydrogen
C) Rubidium	D) Bromine

Answer & Explanation Answer: A) Thorium

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Filed Under: Chemistry
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Q:

Who wrote the book "Walking with Lions"?

A) K Natwar Singh	B) Kapil Dev
C) Kiran Bedi	D) Sarojini Naidu

Answer & Explanation Answer: A) K Natwar Singh

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Filed Under: Books and Authors
Exam Prep: Bank Exams

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Q:

Who was appointed as the Managing Director of International Monetary Fund for 5 years starting July 5, 2016?

A) Strauss-khan	B) Christine Lagarde
C) Jim Yong Kim	D) Rodrigo de Rato

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