Q:

In economic equilibrium _____

A) supply is equal to the demand.	B) the surplus is larger than the shortage.
C) elasticity of demand equals elasticity of supply	D) price elasticity of demand is unity

Answer & Explanation Answer: A) supply is equal to the demand.

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

A) 8 percent	B) 12.5 percent
C) 10 percent	D) 15 percent

Answer & Explanation Answer: B) 12.5 percent

Explanation:

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Filed Under: Indian Economy
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Q:

Which of the following instrument is used to measure Soil Water Tension?

A) Photometer	B) Pyrometer
C) Psychrometer	D) Tensiometer

Answer & Explanation Answer: D) Tensiometer

Explanation:

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Filed Under: Physics
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Q:

There are usually three Parliamentary sessions in India, viz, the Budget session, the Monsoon session and _______.

A) the Autumn session	B) the Summer session
C) the Winter session	D) None of these

Answer & Explanation Answer: C) the Winter session

Explanation:

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Filed Under: Indian Politics
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Q:

Which of the following Country doesn't have a written Constitution?

A) United Kingdom	B) Australia
C) United States of America	D) Bangladesh

Answer & Explanation Answer: A) United Kingdom

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Which of the following insecticides' harmful effects came under media attention when health issues in Kerala were publicized?

A) Endosulfan	B) Lethal
C) Thimet	D) Monocil

Answer & Explanation Answer: A) Endosulfan

Explanation:

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Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero	B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive	D) When total utility is maximum,marginal and average utility are equal to each other.

Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Filed Under: Indian Economy
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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.

English may be a foreign

A-countries, but not for

B-those from India

C-language for students from other

A) BCA	B) CAB
C) BAC	D) ACB

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