Questions

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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Q:

Which of the following is an example of chemical weathering?

A) Oxidation B) Acid rains
C) Carbonation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Chemical weathering is what happens when rocks are broken down and chemically altered.

Chemical weathering is the breakdown of rocks by chemical reactions. Chemical weathering involves changes in the chemical composition of the existing rock to form new rock. Some examples of chemical weathering are hydrolysis, oxidation, carbonation, dissolution, etc.

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Filed Under: Chemistry
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1 2403
Q:

Where does glycolysis take place in Eukaryotic cells?

A) Mitochondrial Outer membrane B) Cytoplasm
C) Mitochondrial inner membrane D) None of the above
 
Answer & Explanation Answer: B) Cytoplasm

Explanation:

Glycolysis is the first step of cellular respiration. This process breaks down glucose into two pyruvic acids, and produces 2 ATP and 2 NADH. 

In eukaryotic cells, glycolysis and fermentation reactions occur in the cytoplasm.

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Filed Under: Biology
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Q:

In the aggregate expenditures model, it is assumed that investment

in_the_aggregate_expenditures_model_it_is_assumed_that_investment1553493949.jpg image

A) does not change when real GDP changes B) does not respond to changes in interest rates
C) changes by less in percentage terms than changes in real GDP D) automatically changes in response to changes in real GDP
 
Answer & Explanation Answer: A) does not change when real GDP changes

Explanation:

In the aggregate expenditures model, it is assumed that investment does not change when real GDP changes.

 

  • The aggregate expenditure is the sum of all the expenditures undertaken in the economy by the factors during a specific time period.

 

  • The aggregate expenditure determines the total amount that firms and households plan to spend on goods and services at each level of income.
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Filed Under: Indian Economy
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Q:

With which country India exchanged its border maps?

A) China B) Sri Lanka
C) Pakistan D) Bangladesh
 
Answer & Explanation Answer: D) Bangladesh

Explanation:
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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

which city has the Metro with Most stations?

Answer

New York City Subway has 468 stations (277 of which are under ground) in a network covering 370 km (230 miles)

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1 2401
Q:

Which of the following is a compound machine?

A) Screw B) Knife
C) Bicycle D) Ramp
 
Answer & Explanation Answer: C) Bicycle

Explanation:

Bicycle is a compound machine in the above given options. A compound machine is a machine that is formed by two or more simple machines.

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Filed Under: Physics
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2 2401
Q:

Voiceless it cries, Wingless flutters, Toothless bites, Mouthless mutters.

Answer

The Wind is what has no voice but cries, no wings but flutters, toothless but bites, mouthless but mutters.

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Subject: Word Puzzles Exam Prep: Bank Exams

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