Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to

A) improve	B) diminish
C) remain constant	D) first diminish and then improve

Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If one more baker is hired the output of a bakery will increase from 1250 breads to 1400 breads per day, but then the bakery will have to reduce the price of the bread from Rs 15 to Rs 14 per unit to sell the additional output, the marginal revenue product of the last baker is _______.

A) Rs 850	B) Rs 150
C) Rs 1960	D) Rs 1875

Answer & Explanation Answer: A) Rs 850

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The demand of a commodity is a direct demand but the demand of a factor of production is called a

A) Crossed demand	B) Joint demand
C) Derived demand	D) Independent demand

Answer & Explanation Answer: C) Derived demand

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1430

Q:

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

A) Main support of an object	B) One place to another
C) To be reluctant	D) To incite others

Answer & Explanation Answer: B) One place to another

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

When iron is exposed to moist air, a reddish brown coating of hydrated Iron (III) Oxide (Fe2O3) is deposited on its surface. This reddish brown coating is called

A) alloy	B) dust
C) rust	D) iron

Answer & Explanation Answer: C) rust

Explanation:

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Filed Under: Chemistry
Exam Prep: AIEEE , 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.

A picture paints a thousand words

A) An image of a subject conveys its meaning more effectively than a description does.	B) No words can do justice to a masterpiece.
C) A great poem or script recreates a complete imagery.	D) Your mind will create fanciful images based on the information that it gets.

Answer & Explanation Answer: A) An image of a subject conveys its meaning more effectively than a description does.

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Prahaar' is

A) a battle tank	B) a surface-to-surface missile
C) an aircraft carrier	D) a submarine

Answer & Explanation Answer: B) a surface-to-surface missile

Explanation:

The Prahaar is a short-range, solid propellant, road-mobile ballistic missile designed for tactical strikes against close range targets.It is a surface to surface missile. Prahaar is expected to replace the Prithvi-I short-range ballistic missile in Indian service.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Resistance switching is normally employed in

A) Bulk oil breakers	B) All breakers
C) Air blast circuit breakers	D) Minimum oil breakers

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