Questions

Q:

Consider the following statements about indifference curves:

1. Indifference curves are convex to the origin.

2. Higher indifference curve represents higher level of satisfaction.

3. Two indifference curves cut each other.Which of the statements given above is/are correct?

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

Explanation:

The indifference curves cannot intersect each other.

Higher indifference curve represents a higher level of satisfaction because higher IC means a bundle consisting more of both the goods or same quantity of one good n more quantity of the other good .Hence statement 2 is correct and 3 is incorrect.

Indifference curves is convex to the point of origin because of diminishing Marginal Rate of Substitution.

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 38846
Q:

Olympus Mons, is the largest ……………. in the solar system?

 

A) Galaxy B) Crater
C) Volcano D) Asteroid
 
Answer & Explanation Answer: C) Volcano

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: General Science
Exam Prep: Bank Exams

1 38834
Q:

The fundamental source of monopoly power is 

 

 

A) profit B) barriers to entry
C) a product without close substitutes D) decreasing average total cost
 
Answer & Explanation Answer: B) barriers to entry

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Politics
Exam Prep: Bank Exams

3 38809
Q:

Exposure to sunlight helps a person improve his health because

A) the infrared light kills bacteria in the body B) resistance power increases
C) the pigment cells in the skin get stimulated and produce a healthy tan D) the ultraviolet rays convert skin oil into Vitamin D
 
Answer & Explanation Answer: D) the ultraviolet rays convert skin oil into Vitamin D

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: General Awareness

423 38726
Q:

Which of the following equation is/are INCORRECT?

I. NI = NDP + Net Foreign Income
II. GNP = GDP + Net Foreign Income
III. NDP = GNP – Depreciation

A) Only (I) and (II) B) Only (III)
C) Only (II) and (III) D) Only (II)
 
Answer & Explanation Answer: B) Only (III)

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 38712
Q:

Which one ofthe following is not correct about Administrative Tribunals?

 

A) The Parliament may by law constitute Administrative Tribunals both at the Union and State levels B) Tribunals may look into disputes and complaints with respect to recruitment and conditions of service of persons appointed to public services.
C) Tribunals established by a law of the Parliament can exclude the jurisdiction of all Courts to allow for special leaveto appeal. D) The law establishing the Tribunals may provide for procedures including rules of evidence to be followed.
 
Answer & Explanation Answer: C) Tribunals established by a law of the Parliament can exclude the jurisdiction of all Courts to allow for special leaveto appeal.

Explanation:

Article 323A provides that Parliament may by law establish tribunals for adjudication of disputes concerning recruitment and conditions of service of persons appointed to public service under Central, State or any Local or other authority or a corporation owned or controlled by the Government of India. The law made by Parliament for the purpose may specify the jurisdiction and procedure of the tribunals. Under clause 2(d), the law may exclude the jurisdiction of all courts except that of the Supreme Court under article 136 with respect to the service matters falling within the purview of the tribunals.

 

Report Error

View Answer Report Error Discuss

Filed Under: Indian Politics
Exam Prep: Bank Exams

0 38566
Q:

Who is credited for the construction of the Red Fort?

 

A) Sikandar Lodi B) Akbar
C) Jahangir D) Shah Jahan
 
Answer & Explanation Answer: D) Shah Jahan

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian History
Exam Prep: Bank Exams

0 38537
Q:

What does TCP stand for with respect to computer networks?

 

A) Transmission Control Protocol B) Transfer Call Plan
C) Transfer Control Process D) Transmission Call Protocol
 
Answer & Explanation Answer: A) Transmission Control Protocol

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Computer
Exam Prep: Bank Exams

17 38507