Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to

A) improve	B) diminish
C) remain constant	D) first diminish and then improve

Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 790

Q:

The economic way of thinking stresses that

A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.	B) changes in personal costs and benefits generally fail to exert much impact on behavior.
C) if a good is provided by the government, its production will not consume valuable scarce resources.	D) if one individual gains from an economic activity, then someone else must lose and in the same proportion.

Answer & Explanation Answer: A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 790

Q:

There is a protocol signed to reduce production of CFC, known as

A) CFC Protocol	B) IR Protocol
C) Montreal Protocol	D) UV Protocol

Answer & Explanation Answer: C) Montreal Protocol

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: General Science
Exam Prep: Bank Exams

1 790

Q:

Which country was designated as the major defence partner of USA in December, 2016?

A) Canada	B) Israel
C) India	D) United Kingdom

Answer & Explanation Answer: C) India

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 790

Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

I am better(A)/adapted to the(B)/climate than you.(C)/No error(D)

A) A	B) B
C) C	D) D

Answer & Explanation Answer: D) D

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 790

Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

Could you(A)/like to read(B)/his speech?(C)/No error(D)

A) A	B) B
C) C	D) D

Answer & Explanation Answer: A) A

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 790

Q:

In the following question, out of the given four alternatives, select the one which best expresses the meaning of the given word.

Obstreperous

A) Noisy	B) Quiet
C) Restrained	D) Silent

Answer & Explanation Answer: A) Noisy

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 790

Q:

In the following question, out of the given four alternatives, select the one which is opposite in meaning of the given word.

Decimate

A) Preserve	B) Destroy
C) Execute	D) Abate

Questions

Quick Links