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Q:

In the given Pie-chart, the comparative study of the production of Rice, Wheat, Sugar and Tea of a country is given. Study the Pie-Chart and answer the following questions.

From this diagram, the ratio of sum of wheat and sugar production to difference in production of rice and tea is

A) 4:5 B) 5:4
C) 6:1 D) 1:6
 
Answer & Explanation Answer: A) 4:5

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Filed Under: Quantitative Aptitude - Arithmetic Ability

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Q:

______ won the 2016 Formula One Rolex Australian Grand Prix.

A) Michael Phelps B) Lewis Hamilton
C) Novak Djokovic D) Nico Rosberg
 
Answer & Explanation Answer: D) Nico Rosberg

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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

With which country India did its seventh edition of bilateral EKUVERIN Exercise 2016 at Kadhdhoo?

A) Nepal B) Pakistan
C) Maldives D) Bhutan
 
Answer & Explanation Answer: C) Maldives

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Filed Under: Indian History
Exam Prep: Bank Exams

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Q:

If a mirror is placed on the line MN, then which of the answer figures is the right image of the given figure?

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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Filed Under: Non Verbal Reasoning
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Q:

Algae belongs to which of the following levels of the ecosystem?

A) Decomposers B) Destructors
C) Producers D) Consumers
 
Answer & Explanation Answer: C) Producers

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Filed Under: Biology
Exam Prep: Bank Exams

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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.

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Filed Under: Indian Economy
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Q:

"The General Equilibrium Analysis" was developed by

A) Marshall B) Ricardo
C) Walras D) Adam Smith
 
Answer & Explanation Answer: C) Walras

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Filed Under: Indian Economy
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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.

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Filed Under: Indian Economy
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