Searching for "If"

Q:

If the production possibilities curve was a straight line, this would imply that

A) Economic resources are perfectly substitutable, in the production of the two products B) Equal quantities of both products are produced at each possible point on the curve
C) The two products will sell at the same market price D) The two products are equally important to consumers
 
Answer & Explanation Answer: C) The two products will sell at the same market price

Explanation:

A production–possibility frontier (PPF) or production possibility curve (PPC) is the possible tradeoff of producing combinations of goods with constant technology and resources per unit time.

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Filed Under: Indian Economy
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Q:

The ratio of K’s and M’s ages is 4: 5. If the difference between the present age of M and the age of K, 5 years hence is 3 years, then what is the difference and total of present ages of K and M?

A) 8, 72 yrs B) 16, 65 yrs
C) 12, 84 yrs D) 10, 60 yrs
 
Answer & Explanation Answer: A) 8, 72 yrs

Explanation:

Let the present ages be K,M

Given K/M = 4/5

5K - 4M = 0 ......(1)

Also given that,

M - (K + 5) = 3

M - K = 8 .........(2)


Then, by solving (1) & (2)

M = 40 yrs and K = 32 yrs

Hence, Total of ages = 40 + 32 = 72 yrs

Difference of ages = 40 - 32 = 8 yrs.

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Q:

A Woman’s downstream swimming rate is thrice of her upstream swimming rate. If she covers 12 km upstream in 2.5 hours, what distance she will cover in 5 hours downstream?

 

A) 72 km B) 36 km
C) 56 km D) 42 km
 
Answer & Explanation Answer: A) 72 km

Explanation:

Rate of her upstream = 12/2.5 = 4.8 km/hr

Then, ATQ

Rate of downstream = 4.8 x 3 = 14.4 km/hr

 

Hence, the distance she covers downstream in 5 hrs = 14.4 x 5 = 72 kms.

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Filed Under: Boats and Streams
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Q:

The tech giant that has acquired Flipgrid, an education start-up with an app that lets students record and share videos on specific topics with their classmates is

A) Microsoft B) Wipro
C) TCS D) Google
 
Answer & Explanation Answer: A) Microsoft

Explanation:

Microsoft has acquired Flipgrid, an education start-up with an app that lets students record and share videos on specific topics with their classmates.

 

Microsoft is making Flipgrid free of charge.

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Filed Under: General Awareness
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Q:

What is true about certificates of deposit?

A) the money has to remain in the account for a specified period of time B) they are the most liquid account available
C) they offer lower interest rates than savings accounts D) All the above
 
Answer & Explanation Answer: A) the money has to remain in the account for a specified period of time

Explanation:

A certificate of deposit (CD) is a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements.

CD's are generally issued by commercial banks

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Filed Under: Bank Interview
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Q:

What is one benefit of lifelong physical activity?

A) high blood pressure B) increase in healthy eating habits
C) high physiological age D) prevention of weight gain
 
Answer & Explanation Answer: C) high physiological age

Explanation:
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Filed Under: General Science
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Q:

Sensitive data is always classified.

A) TRUE B) FALSE
Answer & Explanation Answer: B) FALSE

Explanation:

FALSE. Sensitive data is NOT always classified.


 


Sensitive information is data that must be protected from unauthorized access to safeguard the privacy or security of an individual or organization.



There are three main types of sensitive information:


1. Personal information


2. Business information


3. Classified information



Data is "Classified" based on the damage that might result from unauthorized disclosure. Some data is Sensitive, but will not necessarily do harm to the country if released publicly - such as PII- which could do harm to individuals if released but not necessarily the country.

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Subject: General Awareness
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Q:

In economics, if a good is inelastic,

A) its supply or demand is not sensitive to price changes. B) consumers have lost an interest in purchasing it.
C) producers have lost an interest in manufacturing it. D) its supply or demand is too sensitive to price changes.
 
Answer & Explanation Answer: A) its supply or demand is not sensitive to price changes.

Explanation:

If the percent change in quantity demanded is less than the percent change in price, economists label the demand for the good as inelastic.

A good that is inelastic does not have very stretchy demand. In economic terms, the quantity demanded does not change a lot when the price changes.

 

So, if the price of a good increases by 10 percent and the quantity demanded decreases by only 5 percent or less than 10, that good is said to have inelastic demand.

 

Hence, in this case, consumers are not considered very sensitive, or responsive, to a change in the price of that good.

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Filed Under: Indian Economy
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