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Q:

A binding price floor causes

A) Excess demand for the goods B) Surplus supply of goods
C) Less supply of goods D) No demand for the goods
 
Answer & Explanation Answer: B) Surplus supply of goods

Explanation:

A price floor is the minimum price that can be charged. A binding price floor occurs when the government sets a required price on goods at a price above equilibrium. Because the government requires that prices not drop below this price, that price binds the market for that good.

A binding price ceiling is one that is set below equilibrium price.

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

Q:

Aptitude tests are designed to measure

A) General reasoning B) Perceptual speed
C) Verbal comprehension D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Aptitude tests measures an individual's level of competency to perform a certain type of task and their mental and physical potentials in dealing different situations. These tests include General reasoning, Verbal comprehension, Perceptual speed and numerical operations.

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Filed Under: Arithmetical Reasoning
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Q:

Autocorrect was originally designed to replace

A) Misspelled words B) Grammatically incorrect
C) Repetitive words D) All of the above
 
Answer & Explanation Answer: A) Misspelled words

Explanation:

autocorrect_was_originally_designed_to_replace1561613833.jpg image

 

Autocorrect was originally designed to replace Misspelled words. Its purpose is as part of the spell checker to correct common spelling or typing errors, saving time for the user. It is commonly found in word processors and text editing interfaces for smartphones, computers, etc.

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Filed Under: Computer
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Analyst , Bank Clerk , Bank PO , Database Administration , IT Trainer , Network Engineer , Project Manager , Software Architect

Q:

Largest cricket stadium in the world by boundary

A) Rajiv Gandhi International Stadium B) Melbourne Cricket Stadium
C) Eden Gardens D) Greenfield International Stadium
 
Answer & Explanation Answer: B) Melbourne Cricket Stadium

Explanation:

Currently, the Melbourne Cricket Ground is the world's largest cricket stadium in the world with a total capacity of 100,024. The boundary line of this ground is 85–92 meters from the middle of the pitch which is the highest of all the Cricket grounds around the world. While Kolkata's Eden Gardens is reportedly No. 2 with a capacity of 66,000. 

largest_cricket_stadium_in_the_world_by_boundary1561612165.jpg image

 

The Sardar Patel Gujarat Stadium, also known as Motera Stadium getting built in Ahmedabad will accommodate 1.1 lakh cricketing fans inside the stadium overtaking current record-holder Melbourne Cricket Ground .

 

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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Q:

An image created to accompany words is called

A) A Heirogylph B) An Illustration
C) A Logo D) An Icon
 
Answer & Explanation Answer: B) An Illustration

Explanation:

An Illustration is a visual image created to accompany words to depict them.

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Filed Under: Computer
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

The primary purpose of life insurance is to provide

A) Safe investment avenue B) financial protection to surviving dependents after the death of an insured
C) Tax rebates D) Wealth accumulation
 
Answer & Explanation Answer: B) financial protection to surviving dependents after the death of an insured

Explanation:

The primary purpose of life insurance is to provide financial protection to surviving dependents after the death of an insured.

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Filed Under: Accounts Payable
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

A major purpose of cost accounting is to

A) measure, record and report product costs B) classify all the product costs
C) to provide information to stockholders for investment decisions D) All of the above
 
Answer & Explanation Answer: A) measure, record and report product costs

Explanation:

A major purpose of cost accounting is to measure, record and report product costs.

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Filed Under: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

Money spent on government programs is referred to as

A) Revenue B) Obligation
C) Expenditure D) Bonding
 
Answer & Explanation Answer: C) Expenditure

Explanation:

Money spent by the government on government programs such as road work, electricity work, manhole, etc... that are aiming to contribute to the nation's social welfare in long and short term are referred to as Goverment Expenditures.

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