Bank Exams Questions

Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

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Q:

The bar graph shows 1 months sales figures of different brands of televisions of a certain electroics store in Rs. 1000s. Study the diagram and answer the following questions.

Sales of brand B was lesser than that of brand G by ________

 

A) 3.75% B) 6.67%
C) 7.14% D) 5.25%
 
Answer & Explanation Answer: B) 6.67%

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Q:

Select the option that depicts the following transparent sheet (Problem Figure) when folded at the dotted line shown.

 

 

 

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

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Filed Under: Image Analysis
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Q:

Government borrowing to finance budget deficits _____.

A) will exert downward pressure on interest rates B) will have no effect on interest rates
C) will increase supply of loanable funds D) will put upward pressure on interest rates
 
Answer & Explanation Answer: D) will put upward pressure on interest rates

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Q:

D and E are points on side AB and AC of ΔABC. DE is parallel to BC. If AD:DB = 1:2 and area of ΔABC is 45 sq cm, what is the area (in sq cm) of quadrilateral BDEC?

A) 20 B) 40
C) 15 D) 30
 
Answer & Explanation Answer: B) 40

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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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Q:

Match the characteristics with their market structure:
(a) Firm has control over quantity of output but it must take into account reactions of competitors.
b) Firm will tend to set output so that it earns maximum profits.

A) (a) Oligopoly, (b) Pure competition B) (a) Monopolistic competition, (b) Oligopoly
C) (a) Pure Monopoly, (b) Pure competition D) (a) Oligopoly, (b) Pure Monopoly
 
Answer & Explanation Answer: D) (a) Oligopoly, (b) Pure Monopoly

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Q:

India-born Leo Varadkar became the Prime Minister of which of the following countries?

A) Sri Lanka B) Scotland
C) South Africa D) Ireland
 
Answer & Explanation Answer: D) Ireland

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