Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good	B) Giffin good
C) Inferior good	D) Normal good

Answer & Explanation Answer: A) Superior good

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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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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Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent	B) 7.8 percent
C) 10.2 percent	D) 10 percent

Answer & Explanation Answer: A) 7.5 percent

Explanation:

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Filed Under: Indian Economy
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Q:

_____ are a group of chemicals that influence cell division and shoot formation.

A) Cytokinins	B) Gibberellins
C) Domins	D) Auxins

Answer & Explanation Answer: A) Cytokinins

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

To which class does Oxyreductases, transferases, hydrolases belong?

A) Hormones	B) Enzymes
C) Proteins	D) Vitamins

Answer & Explanation Answer: B) Enzymes

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

How many versions of each trait will be there in each child as per the rules for the inheritance of traits?

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

Answer & Explanation Answer: B) 2

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Human blood platelets releases ___ which helps in clotting of blood.

A) Prothrombin	B) Fibrin
C) Fructose	D) Sucrose

Answer & Explanation Answer: A) Prothrombin

Explanation:

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams

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Q:

Madhubani painting style is native to which state?

A) Orissa	B) Andhra Pradesh
C) Bihar	D) Madhya Pradesh

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