Questions

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

0 781
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

0 781
Q:

In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.


The _____ of energy in India are met from both commercial and non commercial sources. The most _____ sources of energy today are coal and natural gas, hydro
electricity and nuclear power. On the other hand, firewood, cow-dung cakes and vegetable waste etc. _____ non commercial forms of energy. While non commercial
forms of energy _____ demand, coal is the _____ source of commercial energy in India.


While non commercial forms of energy _____ demand,

A) need B) meet
C) shed D) rests
 
Answer & Explanation Answer: B) meet

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 781
Q:

Which type of pathogen causes the water­-borne disease E. coli Infection?

A) Protozoan B) Parasitic
C) Bacterial D) Viral
 
Answer & Explanation Answer: C) Bacterial

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Biology
Exam Prep: Bank Exams

1 781
Q:

Who was the first to score a perfect 10 in Olympics in gymnastics?

A) Nadia Comaneci B) Daniela Silivas
C) Alexander Dityatin D) Mary Lou Retton
 
Answer & Explanation Answer: A) Nadia Comaneci

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Honours and Awards
Exam Prep: Bank Exams

0 781
Q:

Mahabharata war lasted for ____ days.

A) 17 B) 18
C) 19 D) 21
 
Answer & Explanation Answer: B) 18

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian History
Exam Prep: Bank Exams

2 781
Q:

Who was known as Badshah Khan?

A) Mohammad Ali Jinnah B) Abul Kalam Azad
C) Khan Abdul Ghaffar Khan D) Khan Abdul Wali Khan
 
Answer & Explanation Answer: C) Khan Abdul Ghaffar Khan

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian History
Exam Prep: Bank Exams

0 781
Q:

What is the capital of Canada?

A) Wellington B) Canberra
C) Oslo D) Ottawa
 
Answer & Explanation Answer: D) Ottawa

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Country Capitals
Exam Prep: Bank Exams

2 781