Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero	B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive	D) When total utility is maximum,marginal and average utility are equal to each other.

Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Filed Under: Indian Economy
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Q:

The goods which people consume more, when their price rises are called _______.

A) Essential goods	B) Capital goods
C) Veblen goods	D) Giffen goods

Answer & Explanation Answer: D) Giffen goods

Explanation:

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Filed Under: Indian Economy
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Q:

If demand curve for racing cycles is D = 80200 13P and supply curve is S = 6200 + 12P, What is the equilibrium Quantity?

A) 2960 units	B) 31220 units
C) 8750 units	D) 41720 units

Answer & Explanation Answer: D) 41720 units

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In April 2017, Chief Minister Amarinder Singh banned inclusion of names of Ministers and MLA's on Plaques and Foundation Stones in which state?

A) Maharashtra	B) Punjab
C) Himachal Pradesh	D) Uttar Pradesh

Answer & Explanation Answer: B) Punjab

Explanation:

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Filed Under: Indian Geography
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Q:

The oldest oil field in Asia is located in

A) Gujarat	B) Assam
C) Arunachal Pradesh	D) Nagaland

Answer & Explanation Answer: B) Assam

Explanation:

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

In each of the questions, four alternatives are given for the Idiom/Phrase. Choose the alternative which best expresses the meaning of the Idiom/Phraseand click the button corresponding to it.

Fish out of water

A) Dehydrated	B) Comfortable position
C) An uncomfortable position	D) Fish in an aquarium

Answer & Explanation Answer: C) An uncomfortable position

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Which of these Indians has been awarded with Bharat Ratna?

A) Atal Bihari Vajpayee	B) Subhas Chandra Bose
C) Rahul Gandhi	D) P. V. Narasimha Rao

Answer & Explanation Answer: A) Atal Bihari Vajpayee

Explanation:

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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Q:

Which of the following was a leader of the Hindustan Socialist Republican Army founded in 1928?

A) Khudiram Bose	B) Bhagat Singh
C) Chandra Shekhar Azad	D) Subhash Chandra Bose

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