Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs	B) price = average profit
C) price = marginal costs = minimum average total costs	D) price = minimum average variable costs

Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases.	B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases.	D) if the price of a good increases, the quantity demanded of that good increases.

Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

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Q:

The __________ exchange rate is the price of one unit of foreign currency in terms of domestic currency.

A) Artificial	B) Nominal
C) Fixed	D) Real

Answer & Explanation Answer: B) Nominal

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Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic	B) indifferent
C) market demand	D) diminishing

Answer & Explanation Answer: C) market demand

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Q:

Zika virus which damages the brain of the foetus is

A) Mosquito borne	B) Water borne
C) Air borne	D) Food borne

Answer & Explanation Answer: A) Mosquito borne

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Filed Under: Biology
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Q:

The work done in one complete revolution of the moon around the earth is equal to

A) centripetal force x radius of the orbit of the moon	B) gravitational force x circumference of the orbit of the moon
C) gravitational force x diameter of the orbit of the moon	D) zero

Answer & Explanation Answer: D) zero

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

The Brownian Motion was discovered by

A) Robert Brown	B) Mandel Brown
C) Isaac Newton	D) John Brown

Answer & Explanation Answer: A) Robert Brown

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

In August 2017, RBI announced to transfer approximately how much amount for the Financial Year 2016-17 as a dividend to the Government?

A) Rs 30,659 crore	B) Rs 50,650 crore
C) Rs 60,659 crore	D) Rs 70,659 crore

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