4000+ Latest Bank Exams Questions and Answers with Explanation

Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers	B) Income of consumers remains constant
C) Consumers are affected by demonstration effect	D) There are no changes in the price of substitute goods.

Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

What will come in the place of the question mark (?) in the following number series?305, 338, 404, 503, 635 , (?)

A) 820	B) 880
C) 800	D) 890

Answer & Explanation Answer: C) 800

Explanation:

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Filed Under: Numbers
Exam Prep: Bank Exams

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Q:

A piece of paper is folded and cut as shown below in the question figures. From the given answer figures, indicate how it will appear when opened.

A) 1	B) 2
C) 3	D) 4

Answer & Explanation Answer: A) 1

Explanation:

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Filed Under: Paper Folding
Exam Prep: Bank Exams

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Q:

Assuming that the numbers in each of the following figures follow a similar pattern, select the option that can replace the ? in figure C?

A) 47	B) 45
C) 35	D) 37

Answer & Explanation Answer: D) 37

Explanation:

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Filed Under: Arithmetical Reasoning
Exam Prep: Bank Exams , CAT

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Q:

In the following question, four groups of three numbers are given. In each group the second and third number are related to the first number by a Logic/Rule/Relation. Three are similar on basis of same Logic/Rule/Relation. Select the odd one out from the given alternatives.

A) (3, 6, 12)	B) (4, 8, 16)
C) (7, 14, 28)	D) (6, 18, 36)

Answer & Explanation Answer: D) (6, 18, 36)

Explanation:

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Filed Under: Odd Man Out
Exam Prep: Bank Exams

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Q:

By how many atomic mass units do subsequent members of homologous series differ?

A) 26	B) 32
C) 20	D) 14

Answer & Explanation Answer: D) 14

Explanation:

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

In a concave mirror when the object is placed at infinity which of the following applies to the image?

A) Real, inverted, highly enlarged image at center of curvature (C)	B) Real, inverted image of the same size at centre of curvature (C)
C) Real, inverted, diminished image between centre of curvature (C) and principal focus (F)	D) Real, inverted, highly diminished image at focus

Answer & Explanation Answer: D) Real, inverted, highly diminished image at focus

Explanation:

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams

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Q:

At the beginning of the 4th centuary CE, the Guptas established a small kingdom in ___.

A) Vatapi	B) Magadh
C) Malwa	D) Avadh

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