Questions

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
Exam Prep: Bank Exams

0 37983
Q:

What is two days after the day after the day before yesterday?

Answer

Tomorrow


The day before yesterday was two days ago; the day after the day before yesterday was yesterday; two days after that (yesterday) is tomorrow.

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Subject: Clock puzzles

139 37981
Q:

A cuboid shaped wooden block has 6 cm length, 4 cm breadth and 1 cm height.
Two faces measuring 4 cm x 1 cm are coloured in black.
Two faces measuring 6 cm x 1 cm are coloured in red.
Two faces measuring 6 cm x 4 cm are coloured in green.
The block is divided into 6 equal cubes of side 1 cm (from 6 cm side), 4 equal cubes of side 1 cm(from 4 cm side).

How many cubes will have green colour on two sides and rest of the four sides having no colour ?

A) 8 B) 24
C) 16 D) 4
 
Answer & Explanation Answer: A) 8

Explanation:

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There are 16 small cubes attached to the outer walls of the cuboid.
Therefore remaining inner small cubes will be the cubes having two sides green coloured.
So the required number = 24 - 16 = 8

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Filed Under: Math Puzzles
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Analyst , Bank Clerk , Bank PO

84 37956
Q:

Vaccination against which disease was conducted recently as a National Vaccination Day?

 

 

A) Polio B) Cholera
C) Malaria D) Tuberculosis
 
Answer & Explanation Answer: A) Polio

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

2 37951
Q:

Which of the following rivers of peninsular India is distinct from the remaining three?

 

A) Narmada B) Cauvery
C) Krishna D) Godavari
 
Answer & Explanation Answer: A) Narmada

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

1 37950
Q:

Electron configuration of cobalt 2+?

Answer

The s,p,d,f configuration for cobalt (Co) is 1s22s22p63s23p64s23d7, determined by the position of the element on the periodic table. The electron configuration for Cobalt at ground state would simply be Co: [Ar] 4s23d7.


The electron configuration of Cobalt will end in d block as Cobalt is an inner transition metal. Cobalt is in the 7th column of the d block and therefore has 7 d electrons d7.

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Subject: Chemistry Exam Prep: AIEEE
Job Role: Analyst

61 37944
Q:

What Asks But Never Answers?

A) Teacher B) Telephone
C) Letter D) Owl
 
Answer & Explanation Answer: D) Owl

Explanation:

An owl.

"What noise does an owl make?

The sound an Owl makes, it sounds like, "Who?" to our ears.

They sounds entire lives asking the same question, but they'll never give any answers.

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Filed Under: Word Puzzles
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

17 37910
Q:

Feroz Gandhi Award is associated with

A) Medical Research B) Journalism
C) Preservation of worldlife D) Parlimentory debate
 
Answer & Explanation Answer: B) Journalism

Explanation:
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Filed Under: Honours and Awards

193 37908