Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3%	B) 10%
C) 2.50%	D) 7%

Answer & Explanation Answer: B) 10%

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product	B) Law of variable proportions
C) The Short Run	D) The Long Run

Answer & Explanation Answer: B) Law of variable proportions

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

A growing country is one with ___________ there.

A) rising GNP at constant prices	B) rising GNP at current prices
C) constant GNP at constant prices	D) No option is correct

Answer & Explanation Answer: A) rising GNP at constant prices

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

an arm and a leg

A) a large, possibly exorbitant, amount of money	B) a highly motivated person can succeed even with few resources
C) one loves a person so much that one is willing to sacrifice his most precious things for them	D) all children are equal for a mother. She can't sacrifice anyone.

Answer & Explanation Answer: A) a large, possibly exorbitant, amount of money

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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 best expresses the meaning of the idiom/phrase.

Keep at bay

A) Keep your loved ones protected even when they are faced with problems.	B) To control something and prevent it from causing you problems.
C) Hide your precious stuff.	D) Be alert at all times.

Answer & Explanation Answer: B) To control something and prevent it from causing you problems.

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

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Q:

Article 21 of the Indian Constitution "Protection of life and personal liberty" deals with?

A) the Union Government	B) the fundamental rights of the Indian Citizen
C) the State Government	D) the directive principles of state policy

Answer & Explanation Answer: B) the fundamental rights of the Indian Citizen

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Which is the largest fresh water lake in the world?

A) Lake victoria	B) Lake Erie
C) Lake Superior	D) Lake Ontario

Answer & Explanation Answer: C) Lake Superior

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

In which year was Facebook started?

A) 2002	B) 2004
C) 2008	D) 2009

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