Questions

Q:

Consider the following statements about impact of tax :

1. A tax is shifted forward to consumers if the demand is inelastic relative to supply.

2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand.

Which of the statements given above is/are correct?

 

A) 1 only B) 2 only
C) Both 1 and 2 D) Neither 1 nor 2
 
Answer & Explanation Answer: C) Both 1 and 2

Explanation:

Only if either demand or supply was either completely elastic or inelastic will the tax burden fall entirely on either the buyer or the seller. Between these 2 extremes, tax incidence varies continuously from a perfectly inelastic supply or perfectly elastic demand, where the sellers assumes the entire burden of the tax to the perfectly elastic supply or perfectly inelastic demand where the buyers bear the entire burden. To better see how the elasticity of supply and demand affects tax incidence, consider a 20% tax on a can of soda. Suppose the government decides that the buyer should pay the 20% tax. Does this mean that the buyers will be paying 20% more, or will sellers have to share some of the tax burden? Since higher prices decrease demand, regardless of the reason for the higher prices, sellers will share some of the burden. How much of the burden will be determined by the elasticity of supply and demand for the product?

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 15017
Q:

Select the antonym of

 

beleaguer

 

A) gnaw B) assist
C) badger D) pester
 
Answer & Explanation Answer: B) assist

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

0 15009
Q:

Rearrange the parts of the sentence in correct order.

 

Logocentrism is the search for a

 

P : rational language that is able to

Q : all its aspects perfectly and accurately

R : know and represent the world and

 

 

A) RPQ B) PQR
C) QPR D) PRQ
 
Answer & Explanation Answer: D) PRQ

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

0 15004
Q:

The famous Saint Chaitanya of Bengal was a contemporary of which of the following?

 

A) Alauddin Husain Shah B) Azamshah
C) Sikandar Shah D) Mohammad Shah
 
Answer & Explanation Answer: A) Alauddin Husain Shah

Explanation:
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Filed Under: Indian History
Exam Prep: Bank Exams

2 15002
Q:

Rearrange the parts of the sentence in correct order.

The NSG

P- of nuclear trade, spelt out in its guidelines and trigger-lists
Q- covering every aspect
R- has already made its rules,

A) QRP B) QPR
C) PRQ D) RQP
 
Answer & Explanation Answer: D) RQP

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

0 15001
Q:

The hormone that helps in Parthenocarpy

A) Abscisic acid B) Gibberellin
C) Ethylene D) Cytokinin
 
Answer & Explanation Answer: B) Gibberellin

Explanation:
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Filed Under: Biology

133 15001
Q:

Improve the bracketed part of the sentence.

The candidate was so ignorant that the officer was (compelled for asking) him to leave.

 

A) being compelled to be asking B) so compelled to ask
C) compelled to ask D) no improvement
 
Answer & Explanation Answer: C) compelled to ask

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

0 14986
Q:

Read the passage carefully and choose the best answer to each question out of the four alternatives.

There's more than the 101-seater dining table at the Falaknuma Palace that is awe inspiring. The library done in rosewood and mahogany is a place that will force anyone to pause, if only to admire the fine original polish, the furniture and the walnut carved high roof. The last is supposedly an imitation of the one at Windsor Castle.

The library is almost the size of a large banquet hall and acts as the passage to other parts of the palace including the dining area. For years the palace had no librarian because they couldn't find the right person to do justice to the treasure trove of books collected by the Nizam's family over several decades. That is until they found Asif Husain Arastu who belongs to the family that owned the famous A A Husain book store in Abids. So when his friend and historian Anuradha Naik pointed out the palace's requirement at the library, Husain was delighted. On his very first day as the librarian at the magnificent Taj Falaknuma palace, Asif Husain found a reference book on 'How to paint grass' by Alfred East.

Which of the following is false about Mr Arastu?

A) He was a descendent of the Nizam's family B) He was the librarian at the Falaknuma Palace
C) He owned a book store D) He was a friend of Anuradha Naik
 
Answer & Explanation Answer: A) He was a descendent of the Nizam's family

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

0 14978