Questions

Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to 

A) improve B) diminish
C) remain constant D) first diminish and then improve
 
Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The economic way of thinking stresses that

A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits. B) changes in personal costs and benefits generally fail to exert much impact on behavior.
C) if a good is provided by the government, its production will not consume valuable scarce resources. D) if one individual gains from an economic activity, then someone else must lose and in the same proportion.
 
Answer & Explanation Answer: A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.

Explanation:
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Filed Under: Indian Economy
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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the button corresponding to it. If the sentence is free from error, click the "No error" option.

Beside, writing is my hobby, (A) / I had ideas for a couple of short stories (B) / that needed further thought. (C) / No Error (D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: A) A

Explanation:
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Filed Under: English
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select ‘No Error’.

Our school’s faculty and administration should not (1)/ sacrifice high standards and regulations in order (2)/ to make students temporarily happy. (3)/ No error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: D) 4

Explanation:
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Filed Under: English
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Q:

In the given question, a part of the sentence is printed in bold. Below the sentence three alternatives to the bold part are given which may help improve the sentence. Choose the option that reflects the correct use of the phrase in the context of the sentence. In case the given sentence is correct, your answer is (E) i.e. No correction required.

Historians believe that much of Jesus’ story can be reconstructed, without the help of Bible, and with just the views of historians who lived during his time.

I. without the help of Bible, and by just the views

II. without the help from Bible, and with just the views

III. without the help of the Bible, and with just the views

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

Explanation:
The proper noun “bible”, requires the definite article 'the' before it. Whenever a classic or a holy book is being referred to, the article “the” must be used.
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Filed Under: English

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Q:

Bhopal is the Capital City of ___________.

A) Himachal Pradesh B) Goa
C) Gujarat D) Madhya Pradesh
 
Answer & Explanation Answer: D) Madhya Pradesh

Explanation:
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Filed Under: Indian Geography
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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.


The _____ of energy in India are met from both commercial and non commercial sources. The most _____ sources of energy today are coal and natural gas, hydro
electricity and nuclear power. On the other hand, firewood, cow-dung cakes and vegetable waste etc. _____ non commercial forms of energy. While non commercial
forms of energy _____ demand, coal is the _____ source of commercial energy in India.


While non commercial forms of energy _____ demand,

A) need B) meet
C) shed D) rests
 
Answer & Explanation Answer: B) meet

Explanation:
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Filed Under: English
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Q:

How much per cent of th e Indian population h ave access tointernet in India in 2015?

A) 20 percent B) 23 percent
C) 29 percent D) 26 percent
 
Answer & Explanation Answer: D) 26 percent

Explanation:
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Filed Under: General Awareness
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