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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:

Stagflation is a period of _______.

A) Persistent high inflation combined with high unemployment B) Persistent high inflation combined with low unemployment
C) Persistent low inflation combined with high unemployment D) Persistent low inflation combined with low unemployment
 
Answer & Explanation Answer: A) Persistent high inflation combined with high unemployment

Explanation:
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Filed Under: Indian Economy
Exam Prep: CAT

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Q:

The chemical weathering of feldspar produces

A) illite B) kaolinite
C) both 1 & 2 D) none
 
Answer & Explanation Answer: C) both 1 & 2

Explanation:
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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

Algae belongs to which of the following levels of the ecosystem?

A) Decomposers B) Destructors
C) Producers D) Consumers
 
Answer & Explanation Answer: C) Producers

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Filed Under: Biology
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.


He _____ to the problem of air pollution in his speech.

A) averted B) adverted
C) exclaimed D) mentioned
 
Answer & Explanation Answer: B) adverted

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Manas National Park is in which state?

A) Orissa B) Maharashtra
C) Assam D) Sikkim
 
Answer & Explanation Answer: C) Assam

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

Where did Lord Buddha deliver his first sermon?

A) Lumbini B) Bodh Gaya
C) Sarnath D) Kushinagar
 
Answer & Explanation Answer: C) Sarnath

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

The summer capital of J&K Government is

A) Jammu B) Srinagar
C) Gulmarg D) Anantnag
 
Answer & Explanation Answer: B) Srinagar

Explanation:
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Filed Under: Indian Geography
Exam Prep: Bank Exams

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