Questions

Q:

A company faces a -2.5 price elasticity of demand for its product. It is presently selling 10,000 units/month. If it wants to increase quantity sold by 6%, it must lower its price by

A) 3.50% B) 15%
C) 2.50% D) 2.40%
 
Answer & Explanation Answer: D) 2.40%

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

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Q:

When some goods or productive factors are completely fixed in amount, regardless of price, the supply curve is

A) horizontal B) downward sloping to the right
C) vertical D) upward sloping to the right
 
Answer & Explanation Answer: D) upward sloping to the right

Explanation:

Although demand curves are typically downward sloping to reflect that consumers’ utility for a good diminishes with increased consumption, firm supply curves are generally upward sloping.The upward sloping character reflects that firms will be willing to increase production in response to a higher market price because the higher price may make additional production profitable.

 

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Clove is obtained from

A) Root B) Stem
C) Leaves D) Flower buds
 
Answer & Explanation Answer: D) Flower buds

Explanation:
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Filed Under: Biology

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Q:

Which of the following disease is non-communicable in nature?

A) Cholera B) Chicken-pox
C) Tuberculosis D) Cancer
 
Answer & Explanation Answer: D) Cancer

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the word similar in meaning to the word given.
Elusive

A) Baffling B) Enticing
C) Directing D) Soothing
 
Answer & Explanation Answer: A) Baffling

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the word similar in meaning to the word given.
Lethargy

A) Activity B) Drowsy
C) Modest D) Pleasure
 
Answer & Explanation Answer: B) Drowsy

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Look at the underlined part of each sentence. Below each sentence are given three possible substitutions for the underlined part. If one of them (a), (b) or (c) is better than the underlined part, indicate your response on the Answer Sheet against the corresponding letter. If none of the substitutions imporves the sentence, indicate (d) as your response on the Answer Sheet.

From the last five days it has been raining torrentially.

A) Since the last B) for the last 
C) Since last D) No improvement
 
Answer & Explanation Answer: A) Since the last

Explanation:

From is used to denote a point of time. The preposition ‘since’ should be used here as five days is a period of time and the event started at the beginning of those five days.

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.
Let something slip through one's fingers

A) Lose a wedding ring B) Not be able to understand a difficult concept
C) Let go of certain unpleasant things D) to waste an opportunity to achieve something
 
Answer & Explanation Answer: D) to waste an opportunity to achieve something

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Filed Under: English
Exam Prep: Bank Exams

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