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Q:

Consider the following statements about indifference curves:

1. Indifference curves are convex to the origin.

2. Higher indifference curve represents higher level of satisfaction.

3. Two indifference curves cut each other.Which of the statements given above is/are correct?

A) 1 only B) 1 and 2
C) 2 and 3 D) 3 only
 
Answer & Explanation Answer: B) 1 and 2

Explanation:

The indifference curves cannot intersect each other.

Higher indifference curve represents a higher level of satisfaction because higher IC means a bundle consisting more of both the goods or same quantity of one good n more quantity of the other good .Hence statement 2 is correct and 3 is incorrect.

Indifference curves is convex to the point of origin because of diminishing Marginal Rate of Substitution.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 37156
Q:

Select the related word/letters/number from the given alternatives.

 

8 : 32: : 6 : ?

 

A) 31 B) 22
C) 18 D) 21
 
Answer & Explanation Answer: C) 18

Explanation:
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Filed Under: Analogy
Exam Prep: Bank Exams

0 37148
Q:

Select the related word/letters/number from the given alternatives.

Iraq : Dinar :: Korea: ?

 

A) Pound B) Yen
C) Dollar D) Won
 
Answer & Explanation Answer: D) Won

Explanation:
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Filed Under: Analogy
Exam Prep: Bank Exams

1 37111
Q:

In the following question, select the related word pair from the given alternatives.

 

Cone : Figure : : ? : ?

 

A) Circle : Arc B) Figure : Triangle  
C) Sphere : Circumference   D) Cylinder : Figure
 
Answer & Explanation Answer: D) Cylinder : Figure

Explanation:
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Filed Under: Analogy
Exam Prep: Bank Exams

2 37109
Q:

Esc key in a windows keyboard is not used to

 

A) Close a dialog-box B) Run a selected command
C) Cancel a command D) Close a selected drop down list
 
Answer & Explanation Answer: B) Run a selected command

Explanation:
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Filed Under: Computer
Exam Prep: Bank Exams

9 37105
Q:

Select the related word/letters/number from the given alternatives.

PEON : QGRR : : RUDE : ?

A) MLNO B) SWGI
C) TVSA D) STRR
 
Answer & Explanation Answer: B) SWGI

Explanation:
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Filed Under: Analogy
Exam Prep: Bank Exams

0 37082
Q:

Select the related word/letters/number from the given alternatives.

68 : 130 :: 222 : ?

A) 345 B) 365
C) 355 D) 350
 
Answer & Explanation Answer: D) 350

Explanation:
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Filed Under: Analogy
Exam Prep: Bank Exams

0 37070
Q:

Select the related word/letters/number from the given alternatives.

ST : ZM : : KR : ?

A) KR B) RK
C) LR D) LK
 
Answer & Explanation Answer: B) RK

Explanation:
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Filed Under: Analogy
Exam Prep: Bank Exams

0 37044