Questions

Q:

The Machkund project is a joint project of which two states?

 

A) West Bengal and Odisha   B) West Bengal and Bihar  
C) Odisha and Andhra Pradesh   D) Karnataka and Andhra Pradesh  
 
Answer & Explanation Answer: C) Odisha and Andhra Pradesh  

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

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Q:

An astronaut in outer space will observe sky as

A) White B) Black
C) Blue D) Red
 
Answer & Explanation Answer: B) Black

Explanation:
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Filed Under: General Awareness

291 35770
Q:

Consider the following statements about impact of tax :

1. A tax is shifted forward to consumers if the demand is inelastic relative to supply.

2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand.

Which of the statements given above is/are correct?

 

A) 1 only B) 2 only
C) Both 1 and 2 D) Neither 1 nor 2
 
Answer & Explanation Answer: C) Both 1 and 2

Explanation:

Only if either demand or supply was either completely elastic or inelastic will the tax burden fall entirely on either the buyer or the seller. Between these 2 extremes, tax incidence varies continuously from a perfectly inelastic supply or perfectly elastic demand, where the sellers assumes the entire burden of the tax to the perfectly elastic supply or perfectly inelastic demand where the buyers bear the entire burden. To better see how the elasticity of supply and demand affects tax incidence, consider a 20% tax on a can of soda. Suppose the government decides that the buyer should pay the 20% tax. Does this mean that the buyers will be paying 20% more, or will sellers have to share some of the tax burden? Since higher prices decrease demand, regardless of the reason for the higher prices, sellers will share some of the burden. How much of the burden will be determined by the elasticity of supply and demand for the product?

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Filed Under: Indian Economy
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Q:

How many millimeters make ten kilometers?

 

A) 1010 B) 109
C) 108 D) 107
 
Answer & Explanation Answer: D) 107

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Filed Under: Physics
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Q:

The national Temple of Bangladesh is _________.

 

A) Jagannath Temple, Pabna B) Boro Kali Bari Temple, Mymensingh
C) Dhakeshwari Temple, Dhaka D) Sugandha Shaktipeeth, Barisal
 
Answer & Explanation Answer: C) Dhakeshwari Temple, Dhaka

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Filed Under: World Geography
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Q:

In Force equation, F is equal to

 

A) ma B) mv
C) u+at D) mgh
 
Answer & Explanation Answer: A) ma

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Filed Under: Physics
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Q:

The law of diminishing returns indicates that

 

A) always diminish B) eventually diminish
C) always diminish before increasing D) never diminish before increasing
 
Answer & Explanation Answer: B) eventually diminish

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Filed Under: Indian Economy
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Q:

Prime Minister of India is de-facto head of which of the following bodies?
 
I. NITI Aayog
II. National Integration Council
III. Indian Board of Wildlife

 

A) Only I B) Only II
C) Both II and III D) All I, II and III
 
Answer & Explanation Answer: D) All I, II and III

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Filed Under: Indian Politics
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