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:

A rectangle with one side 4 cm is inscribed in a circle of radius 2.5 cm. The area of the rectangle in sq.cm is:

A) 8 B) 16
C) 12 D) 6
 
Answer & Explanation Answer: C) 12

Explanation:
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Q:

Who received the Man Booker Prize in 2015 for his novel ' A brief history of seven killings'?

A) Marlon James B) Richard Flanagan
C) Arvind Adiga D) E. O. Wilson
 
Answer & Explanation Answer: A) Marlon James

Explanation:
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Filed Under: Honours and Awards
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.

National integration means _____ all the people of the nation into a single whole. It is a _____ that bends together all people in one _____ bond no matter what their religion, caste, language or history may be. It is a _____ cementing force whereby all kinds of people live _____ peacefully and can identify themselves as a part and parcel of a nation.

National integration means _____ all the people of the nation into a single whole.

A) segregating B) combining
C) residing D) complying
 
Answer & Explanation Answer: B) combining

Explanation:
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Q:

In the following question the 1st and the last part of the sentence/passage are numbered 1 and 6. The rest of the sentence/ passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct.

 

1. I can't stand here and promise that your future path is going to be wonderful.
P. Whatever one feels like doing today is set up as moral.
Q. People don't even pretend to care about what is right.
R. Instead, it might be very difficult, because our time is different than some other eras in human history.
S. If you look around, you can see that, little by little, it is a path leading to our destruction.
6. I am afraid that this legacy of freedom is facing an uncertain future.

 

A) PSRQ B) RQPS
C) QSRP D) PQRS
 
Answer & Explanation Answer: B) RQPS

Explanation:
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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

The love which is based on physical beauty is not ______.

 

A) imminent B) deponent
C) remanent D) permanent
 
Answer & Explanation Answer: D) permanent

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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.

 

These terms imply two different distinct functions of the human mind. The active function _______________ the volitional, voluntary thinking. It is the conscious focusing of the mind _________ some mental problem. Banishing ________ the mind all thoughts and ideas _______ in harmony with your special subject of study implies Active Mentation. This function is used _________ the active, wide-awake man in his busy and energetic moments.

 

and ideas _______ in harmony with your special

 

A) do not B) no
C) neither D) not
 
Answer & Explanation Answer: D) not

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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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