Questions

Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers B) Income of consumers remains constant
C) Consumers are affected by demonstration effect D) There are no changes in the price of substitute goods.
 
Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 617
Q:

Insure payment of minimum wages for tea leave pickers

A) will improve quality of tea. B) will reduce unemployment of tea leave pickers.
C) decreases unemployment. D) will increase picking cost for all tea companies.
 
Answer & Explanation Answer: D) will increase picking cost for all tea companies.

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 617
Q:

Identify a type of asexual reproduction which involves reproduction through parts of a plant such as roots, stem and leaves?

A) Budding B) Vegetative propagation
C) Fragmentation D) Fission
 
Answer & Explanation Answer: A) Budding

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Biology
Exam Prep: Bank Exams

0 617
Q:

Which is the only organ in the human boddy that can regrow/regenerate?

A) Pancreas B) Spleen
C) Brain D) Liver
 
Answer & Explanation Answer: D) Liver

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Biology
Exam Prep: Bank Exams

1 617
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

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Biology
Exam Prep: Bank Exams

0 617
Q:

Which of the following is a good source of Vitamin A?

A) Cabbage B) Carrot
C) Regular Potato D) Strawberry
 
Answer & Explanation Answer: B) Carrot

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Biology
Exam Prep: Bank Exams

1 617
Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

It is a delight _______________ the illuminating thoughts which came to the minds of these men; and, on the other hand, it is amusing to see how ________________ they launched ________________ on boundless seas when they were unprovided with chart and compass. They were _________ brilliant children, who know little of the dangers of the great world, but are ready to undertake anything. These philosophers regarded all knowledge as their province, and did __________ despair of governing so great a realm.

 

They were _________ brilliant children, who know

 

A) too B) like
C) that D) so
 
Answer & Explanation Answer: B) like

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 617
Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

It is obviously wrong as the cost of school uniform, books and stationery, and transport, ________ all are under the monopoly of the school, are not included. ______________ private schools want additional money for special occasions like festivals, picnics, ______________ and projects. And they often recommend tuition for the children. None of this ______________ in this cost calculation. However, the family __________ this burden and these items add significantly to the revenue of private schools.

 

books and stationery, and transport, ________ all are under the monopoly of the school, are not included.

 

A) that B) those
C) which D) when
 
Answer & Explanation Answer: C) which

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 617