Questions

Q:

Consider the following statements about impact of tax :

1. A tax is shifted forward to consumers if the demand is inelastic relative to supply.

2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand.

Which of the statements given above is/are correct?

 

A) 1 only B) 2 only
C) Both 1 and 2 D) Neither 1 nor 2
 
Answer & Explanation Answer: C) Both 1 and 2

Explanation:

Only if either demand or supply was either completely elastic or inelastic will the tax burden fall entirely on either the buyer or the seller. Between these 2 extremes, tax incidence varies continuously from a perfectly inelastic supply or perfectly elastic demand, where the sellers assumes the entire burden of the tax to the perfectly elastic supply or perfectly inelastic demand where the buyers bear the entire burden. To better see how the elasticity of supply and demand affects tax incidence, consider a 20% tax on a can of soda. Suppose the government decides that the buyer should pay the 20% tax. Does this mean that the buyers will be paying 20% more, or will sellers have to share some of the tax burden? Since higher prices decrease demand, regardless of the reason for the higher prices, sellers will share some of the burden. How much of the burden will be determined by the elasticity of supply and demand for the product?

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following statement(s) is/are CORRECT?

I. Oils containing unsaturated fatty acids should be used for cooking.

II Animal fats have saturated carbon chains.

III. Saturated fatty acids are generally harmful for health.

 

A) Only I and II B) Only I and III
C) Only II and III D) All I, II and III
 
Answer & Explanation Answer: D) All I, II and III

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

1 16284
Q:

Valency of an element depends on which of the following?

I. Number of losing electron

II. Number of gaining electron

III. Number of sharing electron

 

A) Only I and II B) Only I and III
C) Only II and III D) All I, II and III
 
Answer & Explanation Answer: D) All I, II and III

Explanation:
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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

Isobars are atoms of different chemical elements that have ______.

 

A) Same atomic number but different mass number B) Same mass number but different atomic number
C) Same mass number and same atomic number D) Different mass number and different atomic number  
 
Answer & Explanation Answer: B) Same mass number but different atomic number

Explanation:
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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams

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Q:

Select the antonym of

to exile

 

A) to relegation B) to usher
C) to banish D) to ostracism
 
Answer & Explanation Answer: B) to usher

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

What bet can never be won?

Answer

ALPHABET is the bet can never be won.

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Subject: Word Puzzles Exam Prep: AIEEE , Bank Exams , GRE , TOEFL
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Find the Missing Numbers in the given Number Puzzle ?

20840690_1392703260836774_1644662038967277559_n1504170508.jpg image

A) 169 & 81 B) 67 & 121
C) 64 & 115 D) 70 & 110
 
Answer & Explanation Answer: A) 169 & 81

Explanation:

Observe that in each column, square of sum of digits in the first row = Respective second row elements.

 

In the same way, square of sum of digits in the second row = Respective third row elements.

 

=> 6+42=102=100

 

=> 4+92=132=169

 

=> 8+12=92=81.

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Filed Under: Number Puzzles
Exam Prep: GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

84 16259
Q:

Select the synonym of

improvident

A) provident B) extravagant
C) miserly D) thrifty
 
Answer & Explanation Answer: B) extravagant

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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