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

0 652

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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Filed Under: Indian Economy
Exam Prep: Bank Exams

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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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Filed Under: Indian Economy
Exam Prep: Bank Exams

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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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Filed Under: Indian Economy
Exam Prep: Bank Exams

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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
Exam Prep: Bank Exams

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Q:

From the given alternative words, select the word which cannot be formed using the letters of the given word :

ORGANISATION

A) GRANT	B) NATION
C) GIANTS	D) ORANGE

Answer & Explanation Answer: D) ORANGE

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Filed Under: Verbal Reasoning - Mental Ability

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Q:

The famous Sanchi Stupa was commissioned by

A) Bindusara	B) Ashoka
C) Chandragupta Maurya	D) Kanishka

Answer & Explanation Answer: B) Ashoka

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Filed Under: Indian History
Exam Prep: Bank Exams

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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

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