Questions

Q:

Consider the following statements about impact of tax :

1. A tax is shifted forward to consumers if the demand is inelastic relative to supply.

2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand.

Which of the statements given above is/are correct?

 

A) 1 only B) 2 only
C) Both 1 and 2 D) Neither 1 nor 2
 
Answer & Explanation Answer: C) Both 1 and 2

Explanation:

Only if either demand or supply was either completely elastic or inelastic will the tax burden fall entirely on either the buyer or the seller. Between these 2 extremes, tax incidence varies continuously from a perfectly inelastic supply or perfectly elastic demand, where the sellers assumes the entire burden of the tax to the perfectly elastic supply or perfectly inelastic demand where the buyers bear the entire burden. To better see how the elasticity of supply and demand affects tax incidence, consider a 20% tax on a can of soda. Suppose the government decides that the buyer should pay the 20% tax. Does this mean that the buyers will be paying 20% more, or will sellers have to share some of the tax burden? Since higher prices decrease demand, regardless of the reason for the higher prices, sellers will share some of the burden. How much of the burden will be determined by the elasticity of supply and demand for the product?

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 14633
Q:

 ______________ among the following is not a type of JavaScript.

 

A) text/JavaScript B) text/ecmascript
C) text/vbscript D) JavaScript vbscript
 
Answer & Explanation Answer: D) JavaScript vbscript

Explanation:
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Filed Under: Computer
Exam Prep: Bank Exams

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Q:

Anna Hazare was awarded the Padma Bhushan in recognition for

A) His war against corruption and launching Bharashtachar Virodhi Jan Andolan B) His service to the Indian army
C) His remarkable social service in the Adivasi areas of Bihar D) Transfoming a barren-dry village called Ralegan Siddhi in Maharastra's Ahmednagar district into a model village of self sufficiency,ecofriendly and harmony
 
Answer & Explanation Answer: D) Transfoming a barren-dry village called Ralegan Siddhi in Maharastra's Ahmednagar district into a model village of self sufficiency,ecofriendly and harmony

Explanation:
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Filed Under: Honours and Awards

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Q:

Rearrange the parts of the sentence in correct order.

If per capita income is taken

P-­as the measure then we are
Q­-away from 'great power' status
R­-still some distance

 

A) PRQ B) PQR
C) QPR D) RPQ
 
Answer & Explanation Answer: A) PRQ

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

Select the antonym of

facade

A) frontage B) semblance
C) veneer D) reality
 
Answer & Explanation Answer: D) reality

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

0 14604
Q:

Which of the following are advantage of CD-ROM as a storage media?

A) CD-ROM is an inexpensive way to store large amount of data and information B) CD-ROM disks retrieve data and information more quickly than magnetic disks do
C) CD-ROMS make less errors than magnetic media D) All of these
 
Answer & Explanation Answer: A) CD-ROM is an inexpensive way to store large amount of data and information

Explanation:
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Filed Under: Computer
Exam Prep: Bank Exams
Job Role: Bank PO

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Q:

Read the passage carefully and choose the best answer to each question out of the four alternatives.

The instructor's rules were simple. Breathe through your mouth, not your nose; else the mask will fog up. Easier said than done; I got it wrong many a time. But once you fought habit and got the hang of it, the panoramic underwater world revealed itself to you with high-definition clarity.

Led by him, I slowly peered through the mask into what till then was crystal-clear water, shimmering in the sunlight. I saw pebbles, sand and my fluid shadow. I was in Nemo's universe. Sea cucumbers, sea anemone, clown fish, star fish, sea horses, parrot fish, butterfly fish and a bevy of colourful salt water fish swam past. A shoal of canary-yellow fish did a merry dance and another with vibrant blue fish followed it. They were oblivious to the snorkelers who struggled to take in the sight of a world so beautiful, so colourful, and resist opening their mouth wide in amazement; the tube would fall off!


The writer is describing her experience of which activity?

A) fishing B) snorkelling
C) boat ride D) long distance swimming
 
Answer & Explanation Answer: B) snorkelling

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

Which of the following features is the product of vulcanicity

A) Geosyncline B) Escarpment
C) Atoll D) Fold mountain
 
Answer & Explanation Answer: C) Atoll

Explanation:
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Filed Under: World Geography

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