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

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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:

 ______________ 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
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Q:

Improve the bracketed part of the sentence.

 

She emanated ebullience as she (learn) about her first rank in the exam.

A) learnt B) learning
C) had learn D) No improvement
 
Answer & Explanation Answer: A) learnt

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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Q:

Improve the bracketed part of the sentence.

She did not like to have coffee(nor I did).

A) neither I liked it B) nor did I
C) nor I like it D) No improvement
 
Answer & Explanation Answer: B) nor did I

Explanation:
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Filed Under: English
Exam Prep: TOEFL , GRE , CAT

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Q:

Mirage is an example of

A) Reflection of light & Refraction of light B) Dispersion of light
C) Total Internal Reflection D) Refraction of light & Total Internal Reflection of light
 
Answer & Explanation Answer: D) Refraction of light & Total Internal Reflection of light

Explanation:

A Mirage is a naturally occurring optical phenomenon in which light rays bend to produce a displaced image of distant objects or the sky.




      • It is caused due to Total internal Reflection.

 

      • It is an optical illusion observed in deserts or hot summer days due to which a person sees a pond of water some distance ahead of him in which the surrounding objects appear inverted.

Mirage_is_an_example_of1556276063.jpg image


How Mirage Forms::

 

1. The temperature of other layers of atmosphere goes on decreasing as we go up.
2. Therefore density and refractive index of air changes as one goes up.
3. Thus a ray of light,gets refracted more and more away from the normal.
4. At a particular angle when a ray of light exceeds critical angle, total internal reflection takes place and ray of light gets reflected in the same medium.
5. when the reflected ray reaches our eye, it appears as coming from tree or sky .
6. Hence the inverted image of tree creates an impression from a pond of water.

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Filed Under: Physics
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Job Role: IT Trainer , Bank PO , Bank Clerk , Analyst

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Q:

Improve the given sentence if necessary.

Heavy work has been thrusted on me.

A) has been thrust B) has thrusted
C) has thrust down D) No improvement
 
Answer & Explanation Answer: D) No improvement

Explanation:

The phrase ‘has been thrusted’ is grammatically correct. This is because, when someone is forced to accept or deal with, this form of verb is used. Thus, the correct formation would be, ‘Heavy work has been thrust on me’.

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Filed Under: English
Exam Prep: Bank Exams

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