Q:

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

A) Equilibrium	B) Excess Demand
C) Excess Supply	D) Marginal Revenue

Answer & Explanation Answer: C) Excess Supply

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Filed Under: Indian Economy
Exam Prep: Bank Exams

1 1123

Q:

The existence of a parallel economy (black money) ___________.

A) makes economy more competitive	B) makes the monetary policies less effective
C) ensures a better distribution of income and wealth	D) ensures increasing productive investment

Answer & Explanation Answer: B) makes the monetary policies less effective

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs	B) price = average profit
C) price = marginal costs = minimum average total costs	D) price = minimum average variable costs

Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good	B) Giffin good
C) Inferior good	D) Normal good

Answer & Explanation Answer: A) Superior good

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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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 President of India appoints how many Chief Election Commissioner(s)?

A) One	B) Two
C) Three	D) Four

Answer & Explanation Answer: A) One

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Filed Under: Indian Politics
Exam Prep: Bank Exams

1 1122

Q:

In the following question, a sentence has been given in Active/Passive voice. Out of four alternatives suggested, select the one, which best expresses the same sentence in Passive/Active voice.

They will advise me about the price of the accessories.

A) I will have been advised about the price of the accessories.	B) I would have been advised about the price of the accessories.
C) I shall be advised about the price of the accessories.	D) I would have had been advised about the price of the accessories.

Answer & Explanation Answer: C) I shall be advised about the price of the accessories.

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Select the related word/letters/numbers from the given alternatives: 6 : 42 :: 12 : ?

A) 48	B) 72
C) 60	D) 84

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