Bank Clerk Questions


Q:

Supply curves tend to be

A) more elastic in the long run, because there is time for firms to enter or leave the industry. B) less elastic in the long run, because there is time for firms to enter or leave an industry.
C) perfectly elastic in the long run, because consumer demand will have sufficient time to adjust fully to changes in supply. B. D) None of the above
 
Answer & Explanation Answer: A) more elastic in the long run, because there is time for firms to enter or leave the industry.

Explanation:

Supply curves tend to be more elastic in the long run, because there is time for firms to enter or leave the industry.

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Filed Under: Indian Economy
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Q:

Tennis rackets and ballpoint pens are

A) complementary goods B) independent goods
C) inferior goods D) substitute goods
 
Answer & Explanation Answer: B) independent goods

Explanation:

Tennis rackets and ballpoint pens are two independent goods. Since, one doesn't depend on the other.

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Filed Under: Indian Economy
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Q:

What year was the first Oscar Awards ceremony held?

A) 1945 B) 1929
C) 1931 D) 1954
 
Answer & Explanation Answer: B) 1929

Explanation:
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Filed Under: Honours and Awards
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Q:

Microeconomics is the study of

A) Decisions of individual firms B) Decisions of individual households
C) Decisions of individual consumers D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Microeconomics is the branch or subset of economics that deals with the study of Decisions of individual firms, households and consumers.

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Filed Under: Indian Economy
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Q:

Which of the following is a property of water?

A) High polarity B) Universal solvent
C) High specific heat D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Yes, we know that water is a universal solvent.

 

Water can moderate temperature because of the two properties: high-specific heat and the high heat of vaporization.

 

Water is a polar molecule that has a high level of polarity and attraction to ions and other polar molecules.

 

Hence, all the above given options are the properties of water.

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Filed Under: General Science
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Q:

The largest expenditure component of GDP is

A) Consumption B) Net exports
C) Government spending D) Investments
 
Answer & Explanation Answer: A) Consumption

Explanation:
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Filed Under: Indian Economy
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Q:

In a parliamentary system, from where are cabinet members drawn

A) Judicial branch B) Legislative branch
C) Executive branch D) All of the above
 
Answer & Explanation Answer: B) Legislative branch

Explanation:

In a parliamentary system, the members of the cabinet are drawn from the legislative branch.

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Filed Under: Indian Politics
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Q:

The geologic time scale is subdivided into

A) Eon B) Era
C) Periods D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

The geologic time scale is subdivided into 4 units called Eon, Era, Periods and Epochs.

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Filed Under: Indian Geography
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