Q:

A market situation when firms sell similar but not identical products is termed as

A) perfect competition	B) imperfect competition
C) monopolistic competition	D) oligopoly

Answer & Explanation Answer: C) monopolistic competition

Explanation:

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes.

In other words, large sellers selling the products that are similar, but not identical and compete with each other on other factors besides price.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 14204

Q:

The BEST definition of an event is?

A) An occurrence where a performance threshold has been exceeded and an agreed Service Level has already been impacted	B) An occurrence that is significant for the management of the IT infrastructure or delivery of services
C) A known system defect that generates multiple incident reports	D) A planned meeting of customers and IT staff to announce a new service or improvement program

Answer & Explanation Answer: B) An occurrence that is significant for the management of the IT infrastructure or delivery of services

Explanation:

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Filed Under: ITIL Certification

5 14203

Q:

This refers to the ordering of elements in a sentence

A) phrases	B) syntax
C) disorder	D) disorganisation

Answer & Explanation Answer: B) syntax

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

1 14202

Q:

The concept of biosphere reserve was evolved by

A) IUCN	B) UNESCO
C) Zoological Survey of India	D) Government of India

Answer & Explanation Answer: B) UNESCO

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

1 14197

Q:

Which of the following statements are CORRECT?

I. Esters are sweet smelling substance.
II Esters are used in making perfumes.
III. Functional group of ester is R-O-RꞋ.

A) Only I and II	B) Only I and III
C) Only II and III	D) All I, II and III

Answer & Explanation Answer: A) Only I and II

Explanation:

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Filed Under: Chemistry
Exam Prep: Bank Exams

0 14196

Q:

Which is released during the formation of a peptide bond?

A) an amino group	B) a five-carbon sugar
C) both 1 and 2	D) a water molecule

Answer & Explanation Answer: D) a water molecule

Explanation:

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Filed Under: Chemistry
Exam Prep: Bank Exams

1 14190

Q:

Select the synonym of

rot

A) mature	B) stagnate
C) smell	D) decay

Answer & Explanation Answer: D) decay

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

2 14187

Q:

Which of the following is based on the principle of nuclear fusion?

A) Atomic bomb	B) Hydrogen bomb
C) Both Atomic and Hydrogen bomb	D) No option is correct

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