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Q:

Demand is said to be inelastic when

A) Percentage change in demand is less than the percentage change in price of the good B) Percentage change in demand is greater than the percentage change in price of the good
C) Percentage change in demand is equal to the percentage change in price of the good D) None of the above
 
Answer & Explanation Answer: A) Percentage change in demand is less than the percentage change in price of the good

Explanation:

Demand is said to be inelastic, when the demand for the good doesn't change much or it is negotiable when the price of the good changed.

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Filed Under: Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

A decline in the real interest rate will

A) shift the investment schedule downward B) shift the investment schedule leftward
C) increase the amount of investment spending D) None of the above
 
Answer & Explanation Answer: C) increase the amount of investment spending

Explanation:

The real interest rate is the percentage increase in purchasing power that the lender receives on a loan. A decline in the real interest rate will increase the amount of investment spending.

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Filed Under: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Select the correct statement regarding fixed costs.

A) Because they do not change, fixed costs should be ignored in decision making. B) The fixed cost per unit decreases when volume increases.
C) The fixed cost per unit does not change when volume decreases. D) The fixed cost per unit increases when volume increases.
 
Answer & Explanation Answer: B) The fixed cost per unit decreases when volume increases.

Explanation:

The fixed cost per unit decreases when volume increases is the correct statement regarding fixed costs.

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Filed Under: Accounts Payable
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Which of the following is a type of savings vehicle?

A) Checking Account B) Certificate of Deposit
C) Money Market Account D) Both B & C
 
Answer & Explanation Answer: D) Both B & C

Explanation:

Which_of_the_following_is_a_type_of_savings_vehicle1558588145.jpg image

 

A savings vehicle is a bank account that's used to hold your savings.

 

The basic saving vehicles include :

Savings accounts,

Money market accounts,

Certificates of deposit, and

Stock market.

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Filed Under: Bank Interview
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

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Q:

A trial balance is prepared to

A) measure credits B) measure debits
C) measure credits = debits are not D) None of the above
 
Answer & Explanation Answer: C) measure credits = debits are not

Explanation:
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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

1 2464
Q:

When a chemical bond is broken energy is

A) transferred B) released
C) used D) None of the above
 
Answer & Explanation Answer: C) used

Explanation:

Bond breaking is an endothermic process.

Hence, bond breakage needs an amount of energy and uses some energy based on the strength of the bond to break the bond.

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Separation of judiciary from executive is enjoined by

A) Preamble B) Judicial decision
C) Directive Principle D) Seventh schedule
 
Answer & Explanation Answer: C) Directive Principle

Explanation:
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Filed Under: Indian Politics
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Gravitational force is maximum at which place

A) Poles B) Tropic of cancer
C) Tropic of capricorn D) Equator
 
Answer & Explanation Answer: A) Poles

Explanation:

Gravitational force is the force that binds everything at the surface of the earth. Gravitational force is maximum at Poles.

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

5 2462