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Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive D) When total utility is maximum,marginal and average utility are equal to each other.
 
Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Filed Under: Indian Economy
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Q:

The demand for a normal good increases with ________ in the consumer's income.

A) increase B) decrease
C) constant D) double
 
Answer & Explanation Answer: A) increase

Explanation:
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Filed Under: Indian Economy
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Q:

In economics secondary effects refer to the

A)  best alternative that must be forgone as the result of a choice. B) immediate and visible intended consequences of a change.
C) impact of the scarcity of resources on the scarcity of the goods that are produced with those resources. D) unintended consequences of a change that are not immediately identifiable but are felt only with time.
 
Answer & Explanation Answer: B) immediate and visible intended consequences of a change.

Explanation:
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Filed Under: Indian Economy
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Q:

Which one of the following is a bad Thermal Conductor?

A) Aluminium B) Copper
C) Glass D) Silver
 
Answer & Explanation Answer: C) Glass

Explanation:
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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

Which of the following is a CORRECT statement?

A) Only compounds are pure substance B) Compounds are impure substance
C) Only elements are pure substance D) Both compounds and elements are pure substance
 
Answer & Explanation Answer: D) Both compounds and elements are pure substance

Explanation:
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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

The determinants of aggregate supply -

A) Capital stock B) Wages
C) Technology D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Aggregate supply is the total supply of goods and services available to a particular market from producers.

Wages, Technology, Capital stock, Energy prices are the determinants of aggregate supply.

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

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Q:

The consumption schedule relates:

A) disposable income to domestic income. B) consumption to the level of disposable income.
C) consumption to saving. D) saving to the level of disposable income.
 
Answer & Explanation Answer: B) consumption to the level of disposable income.

Explanation:
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Filed Under: Indian Economy
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Q:

The formed elements in the blood are

A) Erythrocytes B) Leucocytes
C) Thrombocytes D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

The formed elements are so named because they are enclosed in a plasma membrane and have a definite structure and shape.

 

The formed elements in the blood are Erythrocytes (RBC's), Leukocytes (WBC's) and Thrombocytes (Platelets).

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Filed Under: Biology
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