Q:

If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.

A) price exceeds its marginal costs	B) price exceeds its average total costs
C) average variable costs exceed its average total costs	D) fixed costs are zero

Answer & Explanation Answer: A) price exceeds its marginal costs

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Economics assumes that

A) people have unlimited desires but limited resources	B) people have limited desires but unlimited resources
C) allocation of resources if not centrally planned will cause inefficiency	D) people are emotional and make irrational decisions

Answer & Explanation Answer: A) people have unlimited desires but limited resources

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Working capital is a measure of

A) liquidity	B) consistency
C) profitability	D) solvency

Answer & Explanation Answer: A) liquidity

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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

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Q:

How many union territories does India have as of June 2017?

A) 7	B) 6
C) 5	D) 4

Answer & Explanation Answer: A) 7

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

Which of the following states does not share a border with Myanmar?

A) Assam	B) Mizoram
C) Nagaland	D) Manipur

Answer & Explanation Answer: A) Assam

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

Which of the following scientists gave the law that governs the force of attraction/repulsion between two charged particles?

A) Charles Dufay	B) Michael Faraday
C) Archimedes	D) Charles Coulomb

Answer & Explanation Answer: D) Charles Coulomb

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

The maximum number of electrons that can be accommodated in a shell is indicated by the formula

A) 2n-2	B) 2n3
C) 2n	D) 2n2

Answer & Explanation Answer: D) 2n2

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

The demand curve facing a perfectly competitive firm is

A) downward sloping	B) perfectly inelastic
C) a concave curve	D) perfectly elastic

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