Bank Exams Questions

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At 3 o'clock, the minute hand is 15 min. spaces apart from the hour hand.
To be coincident, it must gain 15 min. spaces.55 min. are gained in 60 min.
15 min. are gained in
= (60/55 x 15)min
=16+4/11
The hands are coincident at 16 + 4/11 min past 3

SP = Rs.800 ; Profit = 25%

 CP = SP x 100100+P% = 800 x 100100+25 = 640

 Now, CP = Rs.640

Loss = 25% = 25% of Rs.640 = Rs.160

Thus, SP = CP - Loss = Rs.640 - Rs.160 = Rs.480

J.M Keynes’ theory of employment is a demand-deficient theory. This means that Keynes visualised employment from the demand side of the model. His theory is a demand-oriented approach, as opposed to the classical supply side model.

According to him,the volume of employment in a country depends on the level of effective demand of people for goods and services. Thus, unemployment is attributed to the deficiency of effective demand.

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes.

In other words, large sellers selling the products that are similar, but not identical and compete with each other on other factors besides price.