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Q:

Read the following paragraph carefully and answer the question based on the information provided in it.

 

Population explosion needs controlled measures to manage earth's resources. We must find ways to utilize the natural resources in an efficient manner to satisfy the ever-growing needs of the people. Solar energy may be used to replace the increasing demand for fuels like coal, wood and so on. Rainwater harvesting is a must to meet the water needs of the urban population. If we deplete the earth of its resources at such a fast pace, sooner or later we will have to search for another planet that can sustain life like earth.

 

Which of the following is true according to the paragraph?

 

A) There is another planet in the solar system like earth B) The demands of the population are unrealistic and should not be met
C) Rainwater harvesting replaces the demand for coal and wood D) Measures have to be taken to wisely use the available natural resources
 
Answer & Explanation Answer: D) Measures have to be taken to wisely use the available natural resources

Explanation:
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Filed Under: Deriving Conclusions From Passages
Exam Prep: Bank Exams

Q:

The demand for labour is the same as the ___________.

 

A) marginal revenue product B) marginal physical product
C) marginal cost D) wage
 
Answer & Explanation Answer: A) marginal revenue product

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.

 

On another day I was

 

A : demanded to see my ticket

B : ticket-checking personnel

C : travelling in the train when the

 

A) CAB B) BCA  
C) CBA   D) BAC
 
Answer & Explanation Answer: C) CBA  

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Filed Under: English
Exam Prep: Bank Exams , GRE

Q:

Statements followed by some conclusions are given below.

 

Statements :

 

1. Demand and supply determine the prices of goods and services.

2. When there are too many buyers, prices are pushed up and too many sellers push down prices.

 

Conclusions :

 

I. Buyers and sellers determine the prices.

II. Price discovery is market driven.

 

Find which of the given conclusions logically follows from the given statements.

 

A) Only conclusion I follows B) Only conclusion II follows
C) Both I and II follow D) Neither I nor II follows
 
Answer & Explanation Answer: C) Both I and II follow

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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

Q:

For an inferior good demand falls when _________.

 

A) Piece rise   B) Price falls  
C) Income rise   D) Income falls  
 
Answer & Explanation Answer: C) Income rise  

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

Consider the given statement to be true and decide which of the following assumptions is/are implicit.

 

Statement :

 

A leading school in Mumbai has increased its fees by 150% from the next academic year.

 

Assumptions :

 

1. Students may change school due to more fees.

 

2. The school may still have the same demand among the students.

 

A) Only assumption 1 is implicit B) Either assumption 1 or 2 is implicit
C) Only assumption 2 is implicit D) Both assumptions 1 and 2 are implicit
 
Answer & Explanation Answer: B) Either assumption 1 or 2 is implicit

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Filed Under: Statement and Assumptions
Exam Prep: Bank Exams

Q:

Demand is said to be elastic when the

A) change in quantity demanded is less than the change in price B) change in quantity demanded is greater than the change in price
C) percentage change in quantity demanded is greater than the percentage change in price D) percentage change in quantity demanded is less than the percentage change in price
 
Answer & Explanation Answer: B) change in quantity demanded is greater than the change in price

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

The determinants of aggregate demand

A) Consumption expenditure B) Investment expenditure
C) Government expenditure D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Aggregate demand is the total demand for final goods and services in an economy at a given time.

A.D. = C + I + G + (X-M)

where,

A.D. is Aggregate Demand

C is consumption expenditure

I is Investment expenditure

G is Government expenditure and

(X-M) are Net exports (expenditure on Exports).

 

 

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Filed Under: Indian Economy
Exam Prep: Bank Exams