Exams


Q:

The demand curve facing a perfectly competitive firm is

Answer

Demand curve is the relationship between price and quantity of product. In perfect competition, the demand curve for the product by a firm is perfectly elastic at maket price.

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Subject: Business Awareness Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select ‘No Error’.

Education is a instrument which (1)/ imparts knowledge and, therefore (2)/ indirectly controls power. (3)/ No error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: A) 1

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

Fixed cost per unit increases when

A) variable cost per unit decreases B) production volume decreases
C) variable cost per unit increases D) production volume increases
 
Answer & Explanation Answer: B) production volume decreases

Explanation:

Fixed cost per unit increases when production volume decreases. The fixed cost per unit does not always remain the same. Fixed cost per unit increases when production volume decreases and vice versa.

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Filed Under: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

2 1401
Q:

Which Indian state is the largest producer of Soyabean?

A) Himachal Pradesh B) Madhya Pradesh
C) Andhra Pradesh D) Arunachal Pradesh
 
Answer & Explanation Answer: B) Madhya Pradesh

Explanation:
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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

At 5% simple interest per annum a certain sum yields a total amount of Rs. 2,790 at the end of 3 1/4 years. The sum invested was

A) Rs. 2350 B) Rs. 2400
C) Rs. 2600 D) Rs. 2550
 
Answer & Explanation Answer: B) Rs. 2400

Explanation:
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Filed Under: Simple Interest
Exam Prep: Bank Exams

5 1401
Q:

The mean of a distribution is 21 and the standard deviation is 7. What is the value of the coefficient variation?

 

A) 16.66% B) 66.66%
C) 33.33% D) 100%
 
Answer & Explanation Answer: C) 33.33%

Explanation:
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Filed Under: Probability
Exam Prep: Bank Exams

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Q:

From the given alternatives, select the word which CANNOT be formed using the letters of the given word.

 

Responsibility

 

A) Ability B) Pen
C) Nose D) Possible
 
Answer & Explanation Answer: A) Ability

Explanation:
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Filed Under: Logical Sequence of Words
Exam Prep: Bank Exams

3 1401
Q:

The closest example of a centrally planned economy is the __________ for the major part of the 20th Century.

A) USA B) India
C) Soviet Union D) Japan
 
Answer & Explanation Answer: C) Soviet Union

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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