Practice Question and Answer

Q:

Which of the following statements is correct?

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  • 1
    Most workers will work for less than their reservation wage
    Correct
    Wrong
  • 2
    The reservation wage is the maximum amount of any firm will pay for a worker
    Correct
    Wrong
  • 3
    Economic rent is the difference between the market wage and the reservation wage
    Correct
    Wrong
  • 4
    Economic rent is the amount one must pay to enter a desirable labour market
    Correct
    Wrong
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Answer : 3. "Economic rent is the difference between the market wage and the reservation wage"

Q: Many times we see a term in newspapers 'IPO'. What is the full form of the Same? 1780 0

  • 1
    Indian Public Offer
    Correct
    Wrong
  • 2
    Institutional Purchase Offer
    Correct
    Wrong
  • 3
    Industrial Purchase Offer
    Correct
    Wrong
  • 4
    Initial Public Offer
    Correct
    Wrong
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Answer : 4. "Initial Public Offer"
Explanation :

Answer: D) Initial Public Offer Explanation:

Q:

Direction Select the related letters/word/number from the given alternative.
Pen is to poet as needle is to

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  • 1
    thread
    Correct
    Wrong
  • 2
    button
    Correct
    Wrong
  • 3
    sewing
    Correct
    Wrong
  • 4
    tailor
    Correct
    Wrong
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Answer : 4. "tailor"

Q:

As per RBI, what will be the maximum limit of cash withdrawal per transaction via Pos machine?

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  • 1
    Rs 2000
    Correct
    Wrong
  • 2
    Rs 1000
    Correct
    Wrong
  • 3
    Rs 3000
    Correct
    Wrong
  • 4
    Rs 4000
    Correct
    Wrong
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Answer : 1. "Rs 2000"

Q: What is CICS? 1780 0

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Answer :
Explanation :

Customer Information Control System (CICS) is an online transaction processing monitor from IBM that acts as an interface between the operating system and application programs to provide rapid high-volume online transaction processing.

Q:

Which state has launched the Arundhati Gold Scheme?

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  • 1
    Arunachal Pradesh
    Correct
    Wrong
  • 2
    Assam
    Correct
    Wrong
  • 3
    Nagaland
    Correct
    Wrong
  • 4
    Sikkim
    Correct
    Wrong
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Answer : 2. "Assam"

Q:

Which of the following is not a unit of time?

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  • 1
    light year
    Correct
    Wrong
  • 2
    leap year
    Correct
    Wrong
  • 3
    Moon month
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "light year"

Q:

In which of the following industries is mica as a raw material?

1780 0

  • 1
    Cement
    Correct
    Wrong
  • 2
    Glass and Pottery
    Correct
    Wrong
  • 3
    Iron and Steel
    Correct
    Wrong
  • 4
    Electrical
    Correct
    Wrong
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Answer : 4. "Electrical"

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