Sawaal
1
Q:

If two goods are complements, then

A) the cross-price elasticity of demand will be positive B) an increase in the price of one good will increase demand for the other
C) the cross-price elasticity of demand will be negative D) both B & C

Answer:   D) both B & C



Explanation:

In economics, If two goods are complements, then the cross elasticity of demand is negative. That means a good's demand is increased when the price of another good is decreased. Conversely, the demand for a good is decreased when the price of another good is increased. It is opposite of substitute goods. 

Subject: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO
Related Questions
Q:

On January 3, 2018, RBI initiated ‘PCA’ against the Allahabad Bank. How many public sector banks have been covered under ‘PCA’?

 

A) 18 B) 17
C) 11 D) 15
 
Answer & Explanation Answer: C) 11

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

4 2464
Q:

An increase in the money supply will cause interest rates to ___________.

 

A) rise B) fall
C) remain unchanged D) No option is correct.
 
Answer & Explanation Answer: B) fall

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

13 48917
Q:

SEBI is evaluating whether ICO (Initial Coin Offerings) can be brought under its purview. ICO is related to ______.

 

A) Dollars B) Pounds
C) Rupees D) Cyptocurrency
 
Answer & Explanation Answer: D) Cyptocurrency

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

4 2827
Q:

In January 2018, ‘Electoral Bonds’ Scheme was launched. Under this scheme, the electoral bonds will be available at specified branches of _____.

 

 

A) Bank of Baroda B) State Bank of India
C) Punjab National Bank D) Bank of India
 
Answer & Explanation Answer: B) State Bank of India

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

2 2254
Q:

In which area is the public sector most dominant in India?

 

A) Organised term lending financial instistutions B) Transport
C) Commerical banking D) Steel production
 
Answer & Explanation Answer: C) Commerical banking

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

13 75479
Q:

India was ranked at which place among emerging economies on Inclusive Development Index (IDI-2018) released by World Economic Forum (WEF)?

 

A) 26th B) 47th
C) 62nd D) 81st
 
Answer & Explanation Answer: C) 62nd

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

2 1894
Q:

What was the major decision that took place in 1987 Montreal Conference?

A) Developed countries will completely ban CFC production by 2000 B) Developed countries will completely ban CFC production by 2010
C) Developing countries will completely ban CFC production by 2000 D) Developing countries will completely ban CFC production by 2020
 
Answer & Explanation Answer: A) Developed countries will completely ban CFC production by 2000

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

4 1841
Q:

Which of the following should always be balanced in the foreign trade of India?

 

 

A) Balance of Trade B) Balance of Paymen
C) Balance of Current Account D) No option is correct
 
Answer & Explanation Answer: B) Balance of Paymen

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

10 65424