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
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Q:

Goods whose demand is proportional to price are called

A) inferior goods B) Veblen goods
C) normal goods D) exclusive goods
 
Answer & Explanation Answer: B) Veblen goods

Explanation:
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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

 

a person involved in a lawsuit.

 

A) pseudo B) litigant
C) suspect D) appelant
 
Answer & Explanation Answer: B) litigant

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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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'.

 

Had anybody(A)/ever told you(B)/that you're beautiful?(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
Exam Prep: Bank Exams

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

The theoretical framework is finished by identifying indicators to be used in the ______ of the success of such policies.

 

A) evaluation B) completion
C) formation D) rotation
 
Answer & Explanation Answer: A) evaluation

Explanation:
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Filed Under: English
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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one, which best express the same sentence in Indirect/Direct speech.

I said to my sister, "where were you this evening?"

 

A) I asked my sister where she was that evening. B) I asked my sister where she had been that evening.
C) I asked my sister where she was this evening. D) I asked my sister where she has been that evening.
 
Answer & Explanation Answer: B) I asked my sister where she had been that evening.

Explanation:
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Filed Under: English
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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 

Bite off more than you can chew

 

A) A voracious person who eats with big morsels. B) It is not good manners to hog food when you are in a social setting.
C) A commitment is a commitment irrespective of whether you can do it or not. D) Take on a commitment one cannot fulfil.
 
Answer & Explanation Answer: D) Take on a commitment one cannot fulfil.

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

Which of the following will cause an increase in the demand for coffee?

A) Price of coffee falling in foreign markets B) Coffee prices are expected to fall rapidly in domestic markets
C) Average income falls in the country D) Increase in price of tea
 
Answer & Explanation Answer: D) Increase in price of tea

Explanation:
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Filed Under: General Awareness
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