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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:

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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Q:

The goal of a command economy is to

A) create equality within a society B) mixed-market
C) Both A & B D) None of the above
 
Answer & Explanation Answer: A) create equality within a society

Explanation:
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Q:

The sentences given with blanks are to be filled with an appropriate word(s). Four alternatives are suggested for each question. For each question, choose the correct alternative and click the button corresponding to it.

After a noisy and tumultuous supper, we __________ for the day.

A) retirement B) retiring
C) retired D) retire
 
Answer & Explanation Answer: C) retired

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

Which of the following events is not related to the era of Warren Hastings?

A) First Anglo-Maratha War B) Rohilla War
C) Chait Singh Incident   D) The establishment of the College of Hellbury
 
Answer & Explanation Answer: D) The establishment of the College of Hellbury

Explanation:
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Filed Under: Indian History
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Q:

When is world health day observed every year

A) 8th April B) 10th April
C) 7th April D) 9th April
 
Answer & Explanation Answer: C) 7th April

Explanation:
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Filed Under: World Organisations

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/Phrase.

Mealy-mouthed

A) Ill-tempered B) Soft-spoken
C) Enthusiastic D) Depressed
 
Answer & Explanation Answer: B) Soft-spoken

Explanation:
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Filed Under: English

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Q:

A sales tax is a type of

A) aggressive B) regressive
C) both A & B D) None of the above
 
Answer & Explanation Answer: B) regressive

Explanation:

Sales tax is an additional amount of money you pay based on a percentage of the selling price of goods and services that are purchased.

 

For example, if you purchase a new laptop Rs. 40000 and live in an area where the sales tax is 6%, you would pay Rs.2400 in sales tax.

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