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Q:

A binding price floor causes

A) Excess demand for the goods B) Surplus supply of goods
C) Less supply of goods D) No demand for the goods
 
Answer & Explanation Answer: B) Surplus supply of goods

Explanation:

A price floor is the minimum price that can be charged. A binding price floor occurs when the government sets a required price on goods at a price above equilibrium. Because the government requires that prices not drop below this price, that price binds the market for that good.

A binding price ceiling is one that is set below equilibrium price.

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Filed Under: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

5 1701
Q:

In the following question, out of the given four alternatives, select the one which is opposite in meaning of the given word.

Forgo

A) Forfeit B) Neglect
C) Conquer D) Pass
 
Answer & Explanation Answer: C) Conquer

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

0 1701
Q:

Which of the following is present in a prokaryotic cell?

A) chloroplast B) nucleoid
C) mitochondrion D) nuclear envelope
 
Answer & Explanation Answer: B) nucleoid

Explanation:
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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams
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3 1701
Q:

The average weather pattern taken over a long time, say 25 years, is called the ________________ of the place.

A) ecology B) environment
C) climate D) habitat
 
Answer & Explanation Answer: C) climate

Explanation:
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Filed Under: General Science
Exam Prep: Bank Exams

1 1701
Q:

Find the resistance (in mega Ω) of a wire of length 20m, cross sectional area 1 cm2 and made of a material of resistivity 200 Ωm.

A) 40 B) 4000
C) 80 D) 2000
 
Answer & Explanation Answer: A) 40

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Filed Under: Physics
Exam Prep: Bank Exams

3 1701
Q:

In the following question, four words are given out of which one word is correctly spelt. Select the correctly spelt word.

A) monopoly B) iliterrate
C) monnopoly D) monnopolly
 
Answer & Explanation Answer: A) monopoly

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

0 1701
Q:

Which base is present in milk of magnesia?

A) Magnesium hydroxide B) Ammonium hydroxide
C) Sodium hydroxide D) Calcium hydroxide
 
Answer & Explanation Answer: A) Magnesium hydroxide

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Filed Under: Chemistry
Exam Prep: Bank Exams

0 1700
Q:

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

Dark clouds have overcast the evening sky.

A) By the dark clouds the evening sky was overcast. B) The evening sky has been overcast by the dark clouds.
C) Dark clouds overcastted the evening sky. D) The sky of the evening was overcasted by dark clouds.
 
Answer & Explanation Answer: B) The evening sky has been overcast by the dark clouds.

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Filed Under: English
Exam Prep: AIEEE , Bank Exams , CAT

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