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Q:

The price elasticity of supply measures how

Answer

The price elasticity of supply measures how the responsiveness of the quantity demanded of a commodity to changes it its prices; defined as the percentage change in quantity demanded divided by the percentage change in price.

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Subject: Business Awareness Exam Prep: AIEEE , Bank Exams , CAT
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Q:

In national income accounting, government purchases include

A) Federal B) Local
C) State D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

In national income accounting, government purchases by Local, State and Federal governments.

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Filed Under: Indian Economy
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Q:

Blisters are a sign of which classification of burn?

A) First-degree B) Second-degree
C) Third-degree D) Fourth-degree
 
Answer & Explanation Answer: B) Second-degree

Explanation:

Burns are classified into 4 degrees. They are ::

 

1. First-degree (superficial) burns. First-degree burns affect only the epidermis, or outer layer of skin.

2. Second-degree (partial thickness) burns. Second-degree burns involve the epidermis and part of the dermis layer of skin.

3. Third-degree (full thickness) burns.

4. Fourth-degree burns.

 

Blisters are a sign of Second-degree burns.

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Filed Under: General Science
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Q:

A molecule of dna is a polymer composed of

A) Amines B) Nuceotides
C) Chromosomes D) Fattyacids
 
Answer & Explanation Answer: B) Nuceotides

Explanation:

A molecule of DNA is a polymer composed of nucleotides. Each nucleotide is composed of a nitrogenous base, a five-carbon sugar (deoxyribose), and a phosphate group.

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Filed Under: Biology
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Q:

Which of the following is not a computer programming language?

A) NULL B) BASIC
C) PYTHON D) JAVA
 
Answer & Explanation Answer: A) NULL

Explanation:

A computer programming language is nothing but a language which is understand by the computer.

Examples of programming languages are Basic, C, Java, Python, ...

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Filed Under: Computer
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Q:

Ocean between Africa and Australia?

A) Atlantic B) Pacific
C) Indian D) Arctic
 
Answer & Explanation Answer: C) Indian

Explanation:

Indian Ocean is between Africa and Australia and separates them.

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Filed Under: World Geography
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Q:

The cost price of three varieties of mangoes namely M, N and O is Rs. 20/kg, Rs. 40/kg and Rs. 50/kg respectively. Find the selling price of one kg of mango in which these three varieties of mangoes are mixed in the ratio of 2 : 3 : 5 such that there is a net profit of 20%?

A) Rs. 47 B) Rs. 49.2
C) Rs. 48.5 D) Rs. 50.3
 
Answer & Explanation Answer: B) Rs. 49.2

Explanation:

Total cost of all varieties of mangoes = 20 x 2 + 40 x 3 + 50 x 5 = 40 + 120 + 250 = Rs. 410

Then, cost of 1 kg mangoes = 410/10 = Rs. 41

To get 20% profit,

The rate at which the mangoes should be sell = 120/100 x 41 = Rs. 49.2

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Filed Under: Profit and Loss
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Q:

A shopkeeper’s earning increases by 25% in first year but decreases by 4% in the next and so on. After 5 years his total earnings would be Rs. 72,000. What is his present earning?

A) Rs. 40,000 B) Rs. 45,000
C) Rs. 42,000 D) Rs. 46,000
 
Answer & Explanation Answer: A) Rs. 40,000

Explanation:

Let his present earnings be Rs. p

ATQ,

(125/100) x (96/100) x (125/100) x (96/100) x (125/100) x p = 72000

p = Rs. 40,000.

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Filed Under: Percentage
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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