Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand	B) Substitution effect
C) Problem of choice	D) Optimal choice

Answer & Explanation Answer: B) Substitution effect

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following is not an assumption of perfect competition?

A) There are many buyers and sellers	B) Average total costs continually decrease.
C) The good sold by all sellers in the market is assumed to be homogeneous.	D) Buyers and sellers in the market are assumed to have perfect information.

Answer & Explanation Answer: B) Average total costs continually decrease.

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Filed Under: Indian Economy
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Q:

Which of the following sets of taxes belongs to Central Government?

A) Excise duty, Sales tax and Custom duty	B) Income tax, Custom duty and House tax
C) Excise duty, Custom duty and Income tax	D) Custom duty, Entertainment tax and Income tax

Answer & Explanation Answer: C) Excise duty, Custom duty and Income tax

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

When the human body temperature falls by about 2 - 3.5 F below the normal body temperature, the condition is known as

A) Fever	B) Hypothermia
C) Hyperthermia	D) Hyperpyrexia

Answer & Explanation Answer: B) Hypothermia

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

A fungal cell wall is made of :

A) lignin	B) hemi-cellulose
C) chitin	D) cellulose

Answer & Explanation Answer: C) chitin

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Which organ is not a gland?

A) Adrenal	B) Liver
C) Pituitary	D) Gall bladder

Answer & Explanation Answer: D) Gall bladder

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams

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Q:

National sport of Argentina?

A) Football	B) Archery
C) Volleyball	D) Pato

Answer & Explanation Answer: D) Pato

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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

A lens has a power +2.0 D. The type of lens and its focal length will be

A) Concave, -0.5 m	B) Convex, 0.5 m
C) Concave, 0.5 m	D) Convex, -0.5 m

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