Q:

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

Barbarous

A) Refined	B) Polite
C) Crude	D) Civilized

Answer & Explanation Answer: C) Crude

Explanation:

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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

Osteoporosis is the disease related to

A) Spinal cord	B) Heart
C) Kidneys	D) Lungs

Answer & Explanation Answer: A) Spinal cord

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers	B) Income of consumers remains constant
C) Consumers are affected by demonstration effect	D) There are no changes in the price of substitute goods.

Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Filed Under: Indian Economy
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Q:

The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.

A) Price	B) Substitution
C) Supply	D) Demand

Answer & Explanation Answer: D) Demand

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Filed Under: Indian Economy
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Q:

__________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.

A) Law of diminishing marginal product	B) Law of variable proportions
C) The Short Run	D) The Long Run

Answer & Explanation Answer: A) Law of diminishing marginal product

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Filed Under: Indian Economy
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Q:

As per RBI In October 2017, Gross Non-Performing Assets (GNPA) ratio for NBFCs increased to what percentage till March 2017?

A) 2	B) 5
C) 10	D) 20

Answer & Explanation Answer: B) 5

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Filed Under: Indian Economy
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Q:

When is International day for Preservation of Ozone layer observed?

A) September 16	B) July 4
C) January 23	D) May 1

Answer & Explanation Answer: A) September 16

Explanation:

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Filed Under: Important Days and Years
Exam Prep: Bank Exams

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Q:

The Arjuna Awards given by the Government of India is for public achievement in which of the following fields?

A) Literature	B) Poverty Eradication
C) Sports	D) Economics

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