Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs	B) price = average profit
C) price = marginal costs = minimum average total costs	D) price = minimum average variable costs

Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases.	B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases.	D) if the price of a good increases, the quantity demanded of that good increases.

Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The __________ exchange rate is the price of one unit of foreign currency in terms of domestic currency.

A) Artificial	B) Nominal
C) Fixed	D) Real

Answer & Explanation Answer: B) Nominal

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic	B) indifferent
C) market demand	D) diminishing

Answer & Explanation Answer: C) market demand

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which famous film actress and celebrity won the PETA 'Person of the Year' award in 2017?

A) Anushka Sharma	B) Priyanka Chopra
C) Alia Bhatt	D) Deepika Padukone

Answer & Explanation Answer: A) Anushka Sharma

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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Q:

Find the sum of the measures all the exterior angles of a decagon.

A) 720°	B) 2160°
C) 360°	D) 1800°

Answer & Explanation Answer: C) 360°

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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams

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Q:

The work done in one complete revolution of the moon around the earth is equal to

A) centripetal force x radius of the orbit of the moon	B) gravitational force x circumference of the orbit of the moon
C) gravitational force x diameter of the orbit of the moon	D) zero

Answer & Explanation Answer: D) zero

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

The Brownian Motion was discovered by

A) Robert Brown	B) Mandel Brown
C) Isaac Newton	D) John Brown

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