Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent	B) 7.8 percent
C) 10.2 percent	D) 10 percent

Answer & Explanation Answer: A) 7.5 percent

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The production possibilities curve illustrates the basic principle that

A) an economy's capacity to produce increases in proportion to its population size.	B) the production of more of any one good will in time require smaller and smaller sacrifices of other goods.
C) an economy will automatically seek that level of output at which all of its resources are employed.	D) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.

Answer & Explanation Answer: D) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Who among the following was honoured with the IAAF male Athlete of year Award for 2017 at a award ceremony in Monaco in November 2017?

A) Mutaz Essa Barshim	B) Usain Bolt
C) Mo Farah	D) Wayde van Niekerk

Answer & Explanation Answer: A) Mutaz Essa Barshim

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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Q:

Parliament House in Delhi was constructed during

A) 1895-1900	B) 1901-1909
C) 1921-1927	D) 1931-1935

Answer & Explanation Answer: C) 1921-1927

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Filed Under: Indian History
Exam Prep: Bank Exams

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Q:

Who is the author of the Indian English Novel 'When Dimple Met Rishi' published in 2017?

A) Chetan Bhagat	B) Rahul Mehta
C) Sandhya Menon	D) Nidhi Chanani

Answer & Explanation Answer: C) Sandhya Menon

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Filed Under: Books and Authors
Exam Prep: Bank Exams

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Q:

The Figitive Economic Offenders Bill 2017 was passed by which ministry?

A) Finance Ministry	B) Commerce Ministry
C) Labour Ministry	D) Law Ministry

Answer & Explanation Answer: A) Finance Ministry

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Calculate the time period (in seconds) of a sound wave of wavelength 5m travelling with a speed of 500 m/s.

A) 0.01	B) 2500
C) 0.02	D) 1250

Answer & Explanation Answer: A) 0.01

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

What did Edward Jenner pioneer?

A) Vaccination	B) Electrocution
C) Dialysis	D) Open heart surgery

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