Q:

In perfect competition _____.

A) Products can be similar or different	B) Producer can control price by controlling production
C) Demand curve is perfectly elastic	D) All firms make economic profit in the long run

Answer & Explanation Answer: C) Demand curve is perfectly elastic

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The demand curve _____.

A) shows that as the price of a good increases, demand for the good will increase	B) shows that as the price of a good increases, demand for the good will decrease
C) has a positive gradient	D) indicates that there is a direct relationship between quantity demanded and price

Answer & Explanation Answer: B) shows that as the price of a good increases, demand for the good will decrease

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Pancreatic juice require which medium for their action?

A) Acidic	B) Basic
C) Neutral	D) All option are correct

Answer & Explanation Answer: B) Basic

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

A price floor is _____.

A) a maximum legal price	B) a minimum legal price
C) the price where demand equals supply	D) the price where elasticity of demand equals elasticity of supply

Answer & Explanation Answer: B) a minimum legal price

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Q:

In India all of the following are sources for government revenue, except?

A) Agricultural income tax	B) Anti dumping duty
C) Perquisite tax	D) Toll tax

Answer & Explanation Answer: A) Agricultural income tax

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Q:

The account receivable turnover measures

A) How often, on average receivables are received and collected during the period	B) How long it takes to sell accounts receivable to a factor
C) The relation of cash sales to credit sales	D) How long it takes to sell merchandise inventory

Answer & Explanation Answer: A) How often, on average receivables are received and collected during the period

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Q:

A series is given, with one term missing. Choose the correct alternative from the given ones that will complete the series.

ACE, GJI, MQM, ?

A) SXQ	B) RWQ
C) SUQ	D) RXP

Answer & Explanation Answer: A) SXQ

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Filed Under: Verbal Reasoning - Mental Ability
Exam Prep: Bank Exams

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Q:

In the following question, select the odd letters from the given alternatives.

A) NPR	B) TVW
C) FHJ	D) KMO

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