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
Exam Prep: Bank Exams

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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 General Equilibrium Analysis" was developed by

A) Marshall	B) Ricardo
C) Walras	D) Adam Smith

Answer & Explanation Answer: C) Walras

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In 2015, the nominal rate of interest in a country was 8% and the inflation rate then was 2.5%. So real rate of interest in 2015 was

A) 3.2 percent	B) 10.5 percent
C) 8 percent	D) 5.5 percent

Answer & Explanation Answer: D) 5.5 percent

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following is not correct?

A) Members of Chlorophyceae are commonly called green algae	B) Members of Phaeophyceae are commonly called red algae
C) Members of Rhodophyceae are commonly called red algae	D) Members of Phaeophyceae are commonly called brown algae

Answer & Explanation Answer: B) Members of Phaeophyceae are commonly called red algae

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Which type of pathogen causes the water-borne disease E. coli Infection?

A) Protozoan	B) Parasitic
C) Bacterial	D) Viral

Answer & Explanation Answer: C) Bacterial

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

The chemical formula of Propane is

A) C3H8	B) C4H10
C) C2H6	D) CH4

Answer & Explanation Answer: A) C3H8

Explanation:

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams

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Q:

Manas National Park is in which state?

A) Orissa	B) Maharashtra
C) Assam	D) Sikkim

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