Questions

Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers B) Income of consumers remains constant
C) Consumers are affected by demonstration effect D) There are no changes in the price of substitute goods.
 
Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In a plant, which of the following is converted into seed?

A) ovule B) ovary
C) style D) stigma
 
Answer & Explanation Answer: A) ovule

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

The new digital payment application launched by India Post Payments Bank?

A) Dak Pay B) Dak Digital
C) Post Pay D) IPPB Pay
 
Answer & Explanation Answer: A) Dak Pay

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Who among these union ministers in the PM Narendra Modi cabinet belongs to the Shiv Sena party?

A) Sadanand Gowda B) NitinGadkari
C) Anant Geete D) Uma Bharti
 
Answer & Explanation Answer: C) Anant Geete

Explanation:
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Filed Under: Indian Politics
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Q:

Who is the Amrut Yojana Scheme named after? (initiative to meet the nutrition needs of pregnant, lactating women in the tribal areas)

A) Mahatma Gandhi B) Abdul Kalam
C) BR Ambedkar D) Indira Gandhi
 
Answer & Explanation Answer: B) Abdul Kalam

Explanation:
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Filed Under: Indian Politics
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Q:

Name the first woman to head a paramilitary force.

A) Divya Ajith B) Archana Ramasundaram
C) Punita Arora D) Ashwini Pawar
 
Answer & Explanation Answer: B) Archana Ramasundaram

Explanation:
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Filed Under: General Awareness
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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

The general consensus is that the millennial _____________ with taking pictures of everything stems from the tendency to over- share on social media, but it may also be a manifestation _______________ our relationship with an increasingly unstable present. When everything around you _______________ before you can register it, it is tempting to reach into your pocket for your smartphone, click away, and think about it later, even ___________ the subject is as simple as a slice of toast. The selfie may be narcissistic, but it is ___________ a self-portrait that anchors you to a time and place, be it your first holiday abroad or the nightclub you visit every weekend.

 

also be a manifestation _______________ our relationship

 

A) form B) for
C) of D) off
 
Answer & Explanation Answer: C) of

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

Which of the following languages was not included in the 8th schedule of Indian Constitution through 92nd amendment act?

A) Maithili B) Bodo
C) Santhali D) Kannada
 
Answer & Explanation Answer: D) Kannada

Explanation:
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Filed Under: Indian Politics
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