Questions

Q:

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?

A) 80 units B) 90 units
C) 60 units D) 50 units
 
Answer & Explanation Answer: C) 60 units

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following statements is incorrect, if resources were unlimited?

A) there would still be scarcity and opportunity costs B) there would still be scarcity but no opportunity costs
C) there would be no scarcity, but there would be opportunity costs. D) there would neither be scarcity nor opportunity costs
 
Answer & Explanation Answer: C) there would be no scarcity, but there would be opportunity costs.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

As per the announcement by the government in August 2017, Banks importing gold and precious metals will have to pay ______ tax under the GST.

 

A) 5%   B) 10%  
C) 3%   D) 8%
 
Answer & Explanation Answer: C) 3%  

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following characters is recessive in a pea plant?

A) Wrinkled seed B) Green pod
C) Round pod D) Round seed
 
Answer & Explanation Answer: A) Wrinkled seed

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams

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Q:

One of four words is a class to which the other three belong. Identify the class.

A) Coal B) Lignite
C) Anthracite D) Peat
 
Answer & Explanation Answer: A) Coal

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

___ is the liquid part of the blood of which 92% is water and the remaining 8% is proteins, minerals, hormones, enzymes and so on.

A) RBC B) Plasma
C) Blood platelet D) WBC
 
Answer & Explanation Answer: B) Plasma

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Least distance of distinct vision for normal eye is

A) 15 cm B) 20 cm
C) 25 cm D) 30 cm
 
Answer & Explanation Answer: C) 25 cm

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

On 19 September 2017, Law Ministry approved Fugitive Economic Offenders Bill, 2017. It will empower government to _______ property of economic offenders and defaulters who flee from India.

 

A) Consolidate B) Confiscate
C) Combine D) Collect
 
Answer & Explanation Answer: B) Confiscate

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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