Exams


Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive D) When total utility is maximum,marginal and average utility are equal to each other.
 
Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Backward bending supply curve belongs to which market?

A) Capital B) Labour
C) Money D) Inventories
 
Answer & Explanation Answer: C) Money

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

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Q:

The pie chart given below shows the runs scored by a player against 6 different countries. The total runs scored by the player against these countries are 1600.

The difference between the runs scored against England and Pakistan is same as the difference between which of the following two countries?

A) South Africa and Sri Lanka B) South Africa and New Zealand
C) Australia and Sri Lanka D) Australia and New Zealand
 
Answer & Explanation Answer: D) Australia and New Zealand

Explanation:
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Filed Under: Pie Charts
Exam Prep: Bank Exams

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Q:

The pie chart shows the breakup of expenditure of a mining company for the year 2017. Study the diagram and answer the following questions.

What is the total expenditure (in Rs lakhs)?

 

A) 1200 B) 900
C) 1000 D) 1100
 
Answer & Explanation Answer: A) 1200

Explanation:
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Filed Under: Pie Charts
Exam Prep: Bank Exams , CAT

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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'.
I am coming directly(A)/to my office(B)/from the station.(C)/No error(D)

A) B B) A
C) D D) C
 
Answer & Explanation Answer: A) B

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

Select the odd word/letters/number/number pair from the given alternatives.

A) HOC B) KMB
C) FSA D) PDW
 
Answer & Explanation Answer: D) PDW

Explanation:
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Filed Under: Odd Man Out
Exam Prep: Bank Exams

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Q:

In perfect competition _____.

A) Products can be similar or different B) Producer can control price by controlling production
C) Demand curve is perfectly elastic D) All firms make economic profit in the long run
 
Answer & Explanation Answer: C) Demand curve is perfectly elastic

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

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Q:

The permanent secretariat of OIC is located in

A) Makkah B) Riyadh 
C) Jeddah D) Madina
 
Answer & Explanation Answer: C) Jeddah

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

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