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  • Question
  • The interstate commerce act of 1887 required


  • Correct Answer
  • The Interstate Commerce Act of 1887 is a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices The reason that the Interstate Commerce Act required that rates be published was to avoid secret rebates and similar deals Until then, big shippers would demand rebates from railroads, which would in effect reduce their shipping costs without letting competitors know This is anti-competitive Hence, the Act required that railroad rates be "reasonable and just," but did not empower the government to fix specific rates 

  • Tags: Analyst, Bank Clerk, Bank PO

    More questions

    • 1. Georgia, Uzbekistan and Turkmenistan became the members of UNO in

    • Options
    • A. 1991
    • B. 1992
    • C. 1993
    • D. 1994
    • Discuss
    • 2. The 'satellite freight city' is being developed near which of the following cities?

    • Options
    • A. New Delhi
    • B. Orissa
    • C. Gurgaon
    • D. Kolkata
    • Discuss
    • 3. The highest degree of concentration of mineral deposits are found in


    • Options
    • A. northeastern zone
    • B. northwestern zone
    • C. southern zone
    • D. All of the above
    • Discuss
    • 4. The lead character in the film 'The Bandit Queen' has been played by

    • Options
    • A. Rupa Ganguly
    • B. Seema Biswas
    • C. Pratiba Sinha
    • D. Shabama Azmi
    • Discuss
    • 5. Who is the author of the novel 'Les Miserable'?

    • Options
    • A. Victor Hugo
    • B. ALium tofler
    • C. G.Wynne
    • D. Fedric
    • Discuss
    • 6. What is a BJT?

    • Options
    • A. Bit Junction Transfer
    • B. Bi-polar Junction Transistor
    • C. Bell Jar Transformer
    • D. Back Junction Transformer
    • Discuss
    • 7. Potassium nitrate is used in

    • Options
    • A. medicine
    • B. fertiliser
    • C. salt
    • D. glass
    • Discuss
    • 8. The film 'Salaam Bombay' was directed by

    • Options
    • A. Shyam Benegal
    • B. Mira Nair
    • C. Aparna Sen
    • D. Mrinal Sen
    • Discuss
    • 9. Which of the following metals remain in liquid for under normal conditions?

    • Options
    • A. Radium
    • B. Zinc
    • C. Uranium
    • D. Mercury
    • Discuss
    • 10. Who directed the famous TV Serial 'Tandoori Nights'?

    • Options
    • A. Farukh Dhondy
    • B. Jon AMiel
    • C. Zohra Sehgal
    • D. Saeed Jaffrey
    • Discuss


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