Questions

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:

Which of the following is done at a Stock Exchange ?

A) Commodities are bought and sold at wholesale price B) Commodities are bought and sold at retail price
C) Securities are bought and sold D) None of these
 
Answer & Explanation Answer: C) Securities are bought and sold

Explanation:
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Q:

Thumba in Kerala is famous because ___.

A) it has several tea gardens B) it has backwaters and lagoons
C) it is a rocket launching station D) it has an ayurvedic centre
 
Answer & Explanation Answer: C) it is a rocket launching station

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

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

India has already made _________________ concessions to enable a consensus and successful outcome at Paris. Now it must ensure that it is not caught in a relentless ________________ process where each concession becomes an argument for making the next one. The post-Paris negotiations will determine more ____________ the shape of the climate change architecture for the next several decades. We _______________ ensure that India’s vital interests are safeguarded and the principle ____________ equity and equitable burden-sharing is reflected across this architecture.

 

the principle ____________ equity

 

A) for B) of
C) about D) like
 
Answer & Explanation Answer: B) of

Explanation:
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Filed Under: English
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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

 

People (have got so addict) to their virtual life that they forget there is more to life than just sitting in front of a plastic box.

 

A) have got so addicting B) has got so addicted
C) have got so addicted D) no improvement
 
Answer & Explanation Answer: C) have got so addicted

Explanation:
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Filed Under: English
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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the words/sentence.

 

Absolve someone from blame for a fault or wrongdoing

 

A) Indict   B) Exonerate
C) Allege   D) Slur
 
Answer & Explanation Answer: B) Exonerate

Explanation:
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Q:

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

 


When I think of my family's history on the land. I experience a pang of regret. Unlike much of the arid West, where the land has gone virtually unchanged for centuries, my place of origin, western Kansas, has been torn up by agriculture. The flat plains, excellent soil, and sparse but just adequate rainfall permitted farming; therefore farming prevailed, and a good 90% of the original sod prairie is gone. The consequence, in human terms, is that our relationship to our place has always felt primarily mercantile. We used the land and denied, or held at bay, its effect on us. Yet from my earliest childhood, when the most of the Kansas prairie was still intact, I 've known that the land also had a romantic quality. I've felt moved by the expanse of it , enthralled by size. I take pride in my identity as a plains daughter.

 

The argument in the paragraph is based primarily on :

A) facts of history and statistical studies. B)  facts derived from the author's personal observations.
C) feelings the author has picked up from personal experience. D) feeling passed down to the authors by ancestors.
 
Answer & Explanation Answer: C) feelings the author has picked up from personal experience.

Explanation:
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Q:

What is the effective discount (in %) on two successive discounts of 20% and 10%?

A) 30 B) 32
C) 35 D) 28
 
Answer & Explanation Answer: D) 28

Explanation:
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