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Q:

If for a perfectly competitive firm, price is Rs. 60, output is 300 units, average variable costs are Rs. 18, and average total costs are Rs. 36. The firm's profits are equal to

A) Rs. 5400 B) Rs. 3600
C) Rs. 7200 D) Rs. 1800
 
Answer & Explanation Answer: C) Rs. 7200

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

A number is greater than twice its reciprocal by 31/4. Find the number.

A) 7 B) 8
C) 9 D) 6
 
Answer & Explanation Answer: A) 7

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Filed Under: Numbers
Exam Prep: Bank Exams

Q:

What is the length of the side of an equilateral triangle, if its area is 64√3 sq cm?

A) 8 cm B) 16 cm
C) 16√3 cm D) 8√3 cm
 
Answer & Explanation Answer: B) 16 cm

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Filed Under: Area
Exam Prep: Bank Exams

Q:

When a number is increased by 24, it becomes 110% of itself. What is the number?

A) 288 B) 360
C) 216 D) 240
 
Answer & Explanation Answer: D) 240

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Filed Under: Percentage
Exam Prep: Bank Exams

Q:

Refer the below data and answer the question.

If the company has issued 6 lakh shares between its five partners and if Basu offers to sell 15000 of his shares to Ejaz, then Ejaz will have how many shares?

A) 240000 shares B) 210000 shares
C) 225000 shares D) 195000 shares
 
Answer & Explanation Answer: C) 225000 shares

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Filed Under: Table Charts
Exam Prep: Bank Exams

Q:

Refer the below data and answer the question.

What was the Revenue of the company if its Expenditure was Rs. 275 crore in the year when its % profit was the least?

A) 357.5 B) 330
C) 302.5 D) 275
 
Answer & Explanation Answer: C) 302.5

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Filed Under: Table Charts
Exam Prep: Bank Exams

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

Q:

Refer the data and answer the question.

If the company has issued 6 lakh shares between its five partners and if Chinmay offers to sell 15000 of his shares to Ejaz, then Ejaz will have how many shares?

 

A) 300000 shares B) 270000 shares
C) 285000 shares D) 255000 shares
 
Answer & Explanation Answer: C) 285000 shares

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Filed Under: Table Charts
Exam Prep: Bank Exams