Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand	B) Substitution effect
C) Problem of choice	D) Optimal choice

Answer & Explanation Answer: B) Substitution effect

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 593

Q:

Which of the following sets of taxes belongs to Central Government?

A) Excise duty, Sales tax and Custom duty	B) Income tax, Custom duty and House tax
C) Excise duty, Custom duty and Income tax	D) Custom duty, Entertainment tax and Income tax

Answer & Explanation Answer: C) Excise duty, Custom duty and Income tax

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.

A) price exceeds its marginal costs	B) price exceeds its average total costs
C) average variable costs exceed its average total costs	D) fixed costs are zero

Answer & Explanation Answer: A) price exceeds its marginal costs

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Inflation exists when

A) there is general increase in the prices over time.	B) there are periodic decreases in the price level.
C) there are continuous increases in the output level over time.	D) there is rise in the purchasing value of money.

Answer & Explanation Answer: A) there is general increase in the prices over time.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Saturated Hydrocarbons are called

A) alkynes	B) isomers
C) alkanes	D) alkenes

Answer & Explanation Answer: C) alkanes

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

A series is given with one term missing. Select the correct alternative from the given ones that will complete the series.

MPK, NRN, OTQ, PVT, ?

A) QXW	B) PYY
C) PYX	D) QXY

Answer & Explanation Answer: A) QXW

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Filed Under: Verbal Reasoning - Mental Ability

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Q:

National sport of Argentina?

A) Football	B) Archery
C) Volleyball	D) Pato

Answer & Explanation Answer: D) Pato

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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

Which sport has the highest rank of Yokozuna?

A) Sumo wrestling	B) Judo
C) Jujitsu	D) Kendo

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