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Q:

A binding price floor causes

A) Excess demand for the goods B) Surplus supply of goods
C) Less supply of goods D) No demand for the goods
 
Answer & Explanation Answer: B) Surplus supply of goods

Explanation:

A price floor is the minimum price that can be charged. A binding price floor occurs when the government sets a required price on goods at a price above equilibrium. Because the government requires that prices not drop below this price, that price binds the market for that good.

A binding price ceiling is one that is set below equilibrium price.

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Filed Under: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

In a certain code language, “MAKER” is written as “PDNHU”. How is “TOOLS” written in that code language?

A) VTRPM B) WRROV
C) MLQGP D) PTNLR
 
Answer & Explanation Answer: B) WRROV

Explanation:
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Filed Under: Coding and Decoding
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Q:

Identify the diagram that best represents the relationship among the given classes.
Country, State, City

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: D) 4

Explanation:
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Filed Under: Logical Venn Diagram
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the words/sentence.

Having a limited or narrow outlook or scope

A) Indulgent B) Parochial
C) Egotistical D) Liberal
 
Answer & Explanation Answer: B) Parochial

Explanation:
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Filed Under: English
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Q:

A batsman makes a score of 95 runs in the 13th match and thus increases his average runs per match by 4. What is his average after the 13th match?

A) 47 B) 43
C) 45 D) 49
 
Answer & Explanation Answer: A) 47

Explanation:
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Filed Under: Average
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Q:

The average revenues of 11 consecutive years of a company is Rs 69 lakhs. If the average of first 6 years is Rs 64 lakhs and that of last 6 years is Rs 76 lakhs, what is the revenue for the 6th year?

A) Rs 83 lakhs B) Rs 79 lakhs
C) Rs 77 lakhs D) Rs 81 lakhs
 
Answer & Explanation Answer: D) Rs 81 lakhs

Explanation:
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Q:

A series is given with one term missing. Choose the correct alternative from the given ones that will complete the series.

Rajasthan, Madhya Pradesh, Maharashtra, ?

A) Uttar Pradesh B) Jammu Kashmir
C) Tamil Nadu D) Tamil Nadu
 
Answer & Explanation Answer: A) Uttar Pradesh

Explanation:
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Filed Under: Logical Sequence of Words
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Q:

Which one of the following is the correct relation between the Kelvin temperature (T) and the Celsius temperature (fc)?

A) These are two independent temperature scales B) T = tc
C) T = tc - 273.15  D) T = tc + 273.15 
 
Answer & Explanation Answer: D) T = tc + 273.15 

Explanation:

Lord Kelvin, working in Scotland, developed the Kelvin scale in 1848. His scale uses molecular energy to define the extremes of hot and cold. Absolute zero, or 0 K, corresponds to the point at which molecular energy is at a minimum. The Kelvin scale is preferred in scientific work, although the Celsius scale is also commonly used. Temperatures measured on the Kelvin scale are reported simply as K, not °K.

T (in °C) + 273.15 = T (in K)

T (in K) − 273.15 = T (in °C)

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Filed Under: Chemistry
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