Q:

__________ is defined as the output per unit of variable input

A) Marginal product	B) Production function
C) Total product	D) Average product

Answer & Explanation Answer: D) Average product

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

For a price taking firm, average revenue is ______ market price.

A) half of	B) equal to
C) double of	D) less than

Answer & Explanation Answer: B) equal to

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Filed Under: Indian Economy
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Q:

This tax is entirely borne by the entity it is levied upon and cannot be passed.

A) Direct tax	B) Indirect tax
C) Straight tax	D) Advance tax

Answer & Explanation Answer: A) Direct tax

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Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent	B) 7.8 percent
C) 10.2 percent	D) 10 percent

Answer & Explanation Answer: A) 7.5 percent

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Q:

Which of the following best describes monetary policy?

A) Managing the economy by controlling the money supply	B) Determining the design printed on the national currency
C) Regulating transactions in the currency exchange market	D) Raising and lowering the foreign exchange rate

Answer & Explanation Answer: A) Managing the economy by controlling the money supply

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Q:

Who was conferred the Arjuna Award for wrestling in 2015?

A) Babita Kumari	B) Abhilasha Shashikant
C) Yumnan Sanathoi Devi	D) M.R. Poovamma

Answer & Explanation Answer: A) Babita Kumari

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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Q:

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

A) (3 , 12)	B) (2 , 6)
C) (6 , 42)	D) (5 , 35)

Answer & Explanation Answer: D) (5 , 35)

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Filed Under: Verbal Reasoning - Mental Ability

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Q:

If O is the centroid and AD, BE and CF are the three medians of Δ ABC with an area of 96 cm2 then the area of Δ BOD in cm2 is

A) 8	B) 12
C) 16	D) 24

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