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Q:

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs 1200 for 2 years at 10% per annum. The sum placed on simple interest is

A) Rs 525 B) Rs 1050
C) Rs 260 D) Rs 420
 
Answer & Explanation Answer: A) Rs 525

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Filed Under: Simple Interest
Exam Prep: Bank Exams

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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
Exam Prep: Bank Exams

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Q:

Green House Effect' means

A) Pollution in houses in tropical region B) Prevention of ultra­violet radiation by the ozone layer
C) Trapping of solar energy due to atmospheric gases D) Damage to green painted buildings
 
Answer & Explanation Answer: C) Trapping of solar energy due to atmospheric gases

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

The sum of a fraction and 3 times its reciprocal is 31/6. What is the fraction?

A) 2/9 B) 9/2
C) 5/4 D) 4/5
 
Answer & Explanation Answer: B) 9/2

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Filed Under: Decimal Fractions
Exam Prep: Bank Exams

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Q:

The book entitled, 'Playing it my way' has been authored by

A) Sachin Tendulkar B) V V S Laxman
C) Saurav Ganguly D) Chetan Chauhan
 
Answer & Explanation Answer: A) Sachin Tendulkar

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Filed Under: Books and Authors
Exam Prep: Bank Exams

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Q:

Which of the following is a tertiary activity?

A) Farming B) Manufacturing
C) Dairying D) Trading
 
Answer & Explanation Answer: D) Trading

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Birth rate in a country is defined as

A) Number of births per 100 in 1 year B) Number of births per 1000 in 1 year
C) Number of births per km of area in 1 year D) Number of births per 100 km of area in 1 year
 
Answer & Explanation Answer: B) Number of births per 1000 in 1 year

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Bilateral monopoly situation is

A) when there are only two sellers of a product B) when there are only two buyers of a product
C) when there is only one buyer and one seller of a product D) when there are two buyers and two sellers of a product
 
Answer & Explanation Answer: C) when there is only one buyer and one seller of a product

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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