Q:

In a cut motion, when the amount of demand is reduced by Rs 100/ , it is known as

A) Disapproval of policy cut	B) Economy cut
C) Vote on Account	D) Token cut

Answer & Explanation Answer: D) Token cut

Explanation:

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Filed Under: Indian Economy

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Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero	B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive	D) When total utility is maximum,marginal and average utility are equal to each other.

Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The goods which people consume more, when their price rises are called _______.

A) Essential goods	B) Capital goods
C) Veblen goods	D) Giffen goods

Answer & Explanation Answer: D) Giffen goods

Explanation:

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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods	B) Normal goods
C) Complementary goods	D) Substitute goods

Answer & Explanation Answer: A) Inferior goods

Explanation:

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Q:

If demand curve for racing cycles is D = 80200 13P and supply curve is S = 6200 + 12P, What is the equilibrium Quantity?

A) 2960 units	B) 31220 units
C) 8750 units	D) 41720 units

Answer & Explanation Answer: D) 41720 units

Explanation:

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Q:

Read each sentence to find out whether there is any grammatical error or idiomatic error in it.The error, if any, will be in one part of the sentence. The letter of that part is the answer. If there is no error, mark the answer as No error. (Ignore errors of the punctuation if any).Do you wanted/ to discuss this/ project today or can / we do it tomorrow?

A) Do you wanted	B) to discuss this
C) project today or can	D) we do it tomorrow

Answer & Explanation Answer: A) Do you wanted

Explanation:

Look at the structure of the sentence in interrogative in present simple.

Do/Does + subject + Verb

Hence, do you want should be used.

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Filed Under: English
Exam Prep: Bank Exams

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Q:

The oldest oil field in Asia is located in

A) Gujarat	B) Assam
C) Arunachal Pradesh	D) Nagaland

Answer & Explanation Answer: B) Assam

Explanation:

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

In each of the questions, four alternatives are given for the Idiom/Phrase. Choose the alternative which best expresses the meaning of the Idiom/Phraseand click the button corresponding to it.

Fish out of water

A) Dehydrated	B) Comfortable position
C) An uncomfortable position	D) Fish in an aquarium

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