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.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following is done at a Stock Exchange ?

A) Commodities are bought and sold at wholesale price	B) Commodities are bought and sold at retail price
C) Securities are bought and sold	D) None of these

Answer & Explanation Answer: C) Securities are bought and sold

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

As per RBI In October 2017, Gross Non-Performing Assets (GNPA) ratio for NBFCs increased to what percentage till March 2017?

A) 2	B) 5
C) 10	D) 20

Answer & Explanation Answer: B) 5

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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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:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Which of the following characters is recessive in a pea plant?

A) Wrinkled seed	B) Green pod
C) Round pod	D) Round seed

Answer & Explanation Answer: A) Wrinkled seed

Explanation:

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams

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Q:

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

The occurrence and development of events by chance in a happy or beneficial way

A) Debacle	B) Affliction
C) Infelicity	D) Serendipity

Answer & Explanation Answer: D) Serendipity

Explanation:

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

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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 expresses the same sentence in Indirect/Direct speech.

"I am proud of you," father said to me.

A) Father told me that he is proud of me.	B) Father told me that he was proud of me.
C) Father told me this that he was proud of me.	D) Father told me that that he is proud of me.

Answer & Explanation Answer: B) Father told me that he was proud of me.

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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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.

Chink in one's armour

A) A spotless shield tells that the person has not yet fought any war	B) A small crack if not repaired will break the shield
C) An area of vulnerability	D) One's primary defence system against loss or injury

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