Questions

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

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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

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Filed Under: Indian Economy
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Q:

To enlarge their hold over India, many wars were fought between British and Indians but NOT one of the following.

A) Anglo-Maratha B) Anglo-Sikh
C) Anglo-Mysore D) Anglo-Bangla
 
Answer & Explanation Answer: D) Anglo-Bangla

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Filed Under: Indian History
Exam Prep: Bank Exams

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Q:

Who among the following is known as the Father of Civil Services in India?

A) Lord Cornwallis B) Warren Hastings
C) Lord Wellesley D) Lord William Bentinck
 
Answer & Explanation Answer: A) Lord Cornwallis

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Filed Under: Famous Personalities
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Q:

If the cost price of 20 books is the same as selling price of 25 books, then the loss percentage is

A) 20 B) 25
C) 22 D) 24
 
Answer & Explanation Answer: A) 20

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Q:

The surface area (in sq.cm.) of a sphere with radius 1 cm is :(pi = 22/7)

A) 89/7 B) 89/21
C) 88/21 D) 88/7
 
Answer & Explanation Answer: D) 88/7

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Q:

When n is divided by 4, the remainder is 3. The remainder when 2n is divided by 4 is:

A) 1 B) 2
C) 3 D) 6
 
Answer & Explanation Answer: B) 2

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Q:

Find the odd word/letters/number pair from the given alternatives.

A) (85, 136) B) (34, 85)
C) (102, 153) D) (63, 162)
 
Answer & Explanation Answer: D) (63, 162)

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