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Q:

An increase in the price level will cause a _ the aggregate demand curve.

A) shift up B) shift left
C) shift right D) None of the above
 
Answer & Explanation Answer: A) shift up

Explanation:

An increase in the price level will cause a movement up the aggregate demand curve.

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

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Q:

If two goods are complements, then

A) the cross-price elasticity of demand will be positive B) an increase in the price of one good will increase demand for the other
C) the cross-price elasticity of demand will be negative D) both B & C
 
Answer & Explanation Answer: D) both B & C

Explanation:

In economics, If two goods are complements, then the cross elasticity of demand is negative. That means a good's demand is increased when the price of another good is decreased. Conversely, the demand for a good is decreased when the price of another good is increased. It is opposite of substitute goods. 

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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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

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Q:

Deficiency of which of the following causes non-clotting of blood?

A) Vitamin C B) Vitamin K
C) Vitamin E D) Vitamin B12
 
Answer & Explanation Answer: B) Vitamin K

Explanation:
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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Who invented E­Mail?

A) Tim Berners­-Lee B) James Gosling
C) Vinton Cerf D) VA Shiva Ayyadurai
 
Answer & Explanation Answer: D) VA Shiva Ayyadurai

Explanation:
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Filed Under: Inventions
Exam Prep: Bank Exams , CAT

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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.

 

apple of my eye

 

A) every thing looks enticing to a hungry person B) a very pleasant thing to watch
C) someone that one cherishes above all others D) the ugliest child is still pretty for a mother
 
Answer & Explanation Answer: C) someone that one cherishes above all others

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

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Q:

 Which of the following will be definitely true if the given expression T≥U≥M=N<J=P<Q≤R is definitely true? 

A) T< J  B) U>M 
C) R>N  D) R ≥ M
 
Answer & Explanation Answer: C) R>N 

Explanation:
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Filed Under: Statement and Conclusions
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

The warning bells __________several times before anyone realized the danger.

A) were ringing B) had rung
C) had rang D) would have rung
 
Answer & Explanation Answer: B) had rung

Explanation:
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Filed Under: English
Exam Prep: AIEEE , Bank Exams , CAT , GRE

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