Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers	B) Income of consumers remains constant
C) Consumers are affected by demonstration effect	D) There are no changes in the price of substitute goods.

Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The world's first solar heated military tent was designed and developed by

A) Sonam Wanchuk	B) Alain Aspect
C) Allen Bard	D) He Jiankui

Answer & Explanation Answer: A) Sonam Wanchuk

Explanation:

Sonam Wanchuk, an Indian engineer has developed the first of its kind in the world, a unique solar heated tent for the Indian Army.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

The Karnataka government launched the Bengaluru city logo- making Bengaluru the first Indian city to get its own logo - on 24 December 2017 for branding the city as a

A) tribal destination	B) art and craft destination
C) tourism destination	D) spiritual destination

Answer & Explanation Answer: C) tourism destination

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

The long-term capital gains on listed securities (1)/ and the dividend tax on equity mutual funds are the right steps (2)/ to generate resources required for drive demand in rural India. (3)/ No error (4)

A) 1	B) 2
C) 3	D) 4

Answer & Explanation Answer: C) 3

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

My colleague said, "I will start a new assignment tomorrow."

A) My colleague said that he would start a new assignment tomorrow.	B) My colleague said that he will start a new assignment the next day.
C) My colleague said that he would start a new assignment the next day.	D) My colleague said that he will start a new assignment tomorrow.

Answer & Explanation Answer: C) My colleague said that he would start a new assignment the next day.

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

I said to my father, "I had a great time yesterday."

A) I told my father that I had a great time the day before.	B) I told my father that I have had a great time the day before.
C) I told my father that I had a great time the day before that day.	D) I told my father this that I have had a great time yesterday.

Answer & Explanation Answer: A) I told my father that I had a great time the day before.

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

We protested that we (was going) all the way to Haridwar.

A) is going	B) were going
C) were went	D) no improvement

Answer & Explanation Answer: B) were going

Explanation:

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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

The ___________ conversation-starter cultivated by years of ostentatious ___________ society is a simple ‘how do you do?’ followed by a polite shaking of hands and an optional comment on the weather. But aside __________ the mental trauma this ritual causes to those unfortunate souls who suffer from clammy hands, it also doesn’t provide much incentive to go on. Fascinating as the weather can be from time _________ time, one can speak only so much about the ____________ of the sun and express sympathy towards the depressions the Bay of Bengal faces.

from time _________ time, one

A) to	B) at
C) so	D) is

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