Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to

A) improve	B) diminish
C) remain constant	D) first diminish and then improve

Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1197

Q:

A motion that seeks to reduce the amount of demand presented by government to Rs. 1/- is known as

A) Disapproval of policy Cut	B) Token cut
C) Economy cut	D) Vote on account

Answer & Explanation Answer: A) Disapproval of policy Cut

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1197

Q:

Which state does not share its border with Jharkhand?

A) Madhya Pradesh	B) Chhattisgarh
C) Orissa	D) West Bengal

Answer & Explanation Answer: A) Madhya Pradesh

Explanation:

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

If 4 + 3 = 25 and 8 + 4 = 80 , then, 3 + 2 = ?

A) 15	B) 10
C) 13	D) 12

Answer & Explanation Answer: C) 13

Explanation:

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Filed Under: Verbal Reasoning - Mental Ability

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Q:

__________ is the 2016 Oscar Winner for Best Actress.

A) Brie Larson	B) Cate Blanchett
C) Jennifer Lawrence	D) Charlotte Rampling

Answer & Explanation Answer: A) Brie Larson

Explanation:

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

0 1197

Q:

Who is the first Indian Gold Medal Winner in individual category in Olympic games?

A) Abhinav Bindra	B) Sushil Kumar
C) R.V.S.Rathore	D) Leander Paes

Answer & Explanation Answer: D) Leander Paes

Explanation:

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

0 1197

Q:

The Andaman is separated from Nicobar by which water body?

A) 11° channel	B) 10° Channel
C) Palk Strait	D) Gulf of Mannar

Answer & Explanation Answer: A) 11° channel

Explanation:

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Filed Under: World Geography

1 1197

Q:

Which team has won the 2016 -17 Ranji Trophy?

A) Mumbai	B) Gujarat
C) Karnataka	D) Tamil Nadu

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