Q:

If price of an article decreases from Rs 600 to Rs 500, when quantity demanded increases from 10000 units to 12000 units. Find point elasticity of demand?

A) -1.2	B) 1.2
C) -1.5	D) 1.5

Answer & Explanation Answer: A) -1.2

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1144

Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero	B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive	D) When total utility is maximum,marginal and average utility are equal to each other.

Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases.	B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases.	D) if the price of a good increases, the quantity demanded of that good increases.

Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following is an amphoteric oxide?

A) Aluminium oxide	B) Iron oxide
C) Magnesium oxide	D) Carbon dioxide

Answer & Explanation Answer: A) Aluminium oxide

Explanation:

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

Thumba in Kerala is famous because ___.

A) it has several tea gardens	B) it has backwaters and lagoons
C) it is a rocket launching station	D) it has an ayurvedic centre

Answer & Explanation Answer: C) it is a rocket launching station

Explanation:

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

For what is Mohs scale used?

A) To measure brightness of a substance	B) To measure viscosity of a liquid
C) To measure elasticity of a material	D) To measure hardness of minerals

Answer & Explanation Answer: D) To measure hardness of minerals

Explanation:

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

Which country, on 25 October 2017 announced that it would be introduced a minimum wage for workers?

A) Bahrain	B) Kuwait
C) Oman	D) Qatar

Answer & Explanation Answer: A) Bahrain

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Silk worms feed on

A) Basil leaves	B) Curry leaves
C) Rose leaves	D) Mulberry leaves

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