Questions

Q:

Consider the following statements about indifference curves:

1. Indifference curves are convex to the origin.

2. Higher indifference curve represents higher level of satisfaction.

3. Two indifference curves cut each other.Which of the statements given above is/are correct?

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

Explanation:

The indifference curves cannot intersect each other.

Higher indifference curve represents a higher level of satisfaction because higher IC means a bundle consisting more of both the goods or same quantity of one good n more quantity of the other good .Hence statement 2 is correct and 3 is incorrect.

Indifference curves is convex to the point of origin because of diminishing Marginal Rate of Substitution.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Who is said to have become the chief of the Jain Sangh after the death of Mahavira

A) Jambu B) Bhadrabahu
C) Sthulbhadra D) Sudharma
 
Answer & Explanation Answer: D) Sudharma

Explanation:
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Filed Under: Indian History

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Q:

Improve the bracketed part of the sentence.

 

(It is been seen) as a "prestige battle" for the PM and a litmus test for the president of the opposition party.

 

A) It have been seen B) It is being seen
C) It had being seen D) No improvement
 
Answer & Explanation Answer: B) It is being seen

Explanation:
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Q:

Read the passage carefully and choose the best answer to each question out of the four alternatives.

There's more than the 101-seater dining table at the Falaknuma Palace that is awe inspiring. The library done in rosewood and mahogany is a place that will force anyone to pause, if only to admire the fine original polish, the furniture and the walnut carved high roof. The last is supposedly an imitation of the one at Windsor Castle.

The library is almost the size of a large banquet hall and acts as the passage to other parts of the palace including the dining area. For years the palace had no librarian because they couldn't find the right person to do justice to the treasure trove of books collected by the Nizam's family over several decades. That is until they found Asif Husain Arastu who belongs to the family that owned the famous A A Husain book store in Abids. So when his friend and historian Anuradha Naik pointed out the palace's requirement at the library, Husain was delighted. On his very first day as the librarian at the magnificent Taj Falaknuma palace, Asif Husain found a reference book on 'How to paint grass' by Alfred East.

The roof of the library had carvings made of which wood?

A) Rosewood B) Mahogany
C) Sandalwood D) Walnut
 
Answer & Explanation Answer: D) Walnut

Explanation:
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Q:

Which of the following countries have an unwritten Constitution

A) USA B) UK
C) India D) Pakistan
 
Answer & Explanation Answer: B) UK

Explanation:
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Filed Under: Indian Politics

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Q:

Select the synonym of

scarcity

A) opulence B) myriad
C) plethora D) dearth
 
Answer & Explanation Answer: D) dearth

Explanation:
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Filed Under: English
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Q:

Improve the bracketed part of the sentence.

 

The student (chose) to represent the school was the epitome of dedication and excellence.

A) chosen B) is choosing
C) have chose D) No improvement
 
Answer & Explanation Answer: A) chosen

Explanation:
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Q:

Rearrange the parts of the sentence in correct order.

 

In order to tone up

P : it should be

Q : the physical education programme,

R : reoriented and implemented

 

A) PQR B) PRQ
C) RQP D) QPR
 
Answer & Explanation Answer: D) QPR

Explanation:
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Filed Under: English
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