Questions

Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers B) Income of consumers remains constant
C) Consumers are affected by demonstration effect D) There are no changes in the price of substitute goods.
 
Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The consumption and saving schedules reveal that the:

A) MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line. B) MPC is equal to or greater than one at all income levels.
C) MPC is greater than zero, but less than one. D) APS is positive at all income levels.
 
Answer & Explanation Answer: C) MPC is greater than zero, but less than one.

Explanation:
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Filed Under: Indian Economy
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Q:

Which of the following hormone is not secreted by pituitary gland?

A) Thyroid-stimulating hormone (TSH) B) Prolactin
C) Vasopressin D) Somatostatin
 
Answer & Explanation Answer: D) Somatostatin

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

The general consensus is that the millennial _____________ with taking pictures of everything stems from the tendency to over- share on social media, but it may also be a manifestation _______________ our relationship with an increasingly unstable present. When everything around you _______________ before you can register it, it is tempting to reach into your pocket for your smartphone, click away, and think about it later, even ___________ the subject is as simple as a slice of toast. The selfie may be narcissistic, but it is ___________ a self-portrait that anchors you to a time and place, be it your first holiday abroad or the nightclub you visit every weekend.

 

also be a manifestation _______________ our relationship

 

A) form B) for
C) of D) off
 
Answer & Explanation Answer: C) of

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

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Q:

Provincial Autonomy was provided by

A) The Government of India Act 1935 B) The Montague-Chelmsford Report
C) The Government of India Act 1919 D) The Indian Independence Act 1947
 
Answer & Explanation Answer: A) The Government of India Act 1935

Explanation:
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Filed Under: Indian Politics
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Q:

Ping-pong Diplomacy is related to which of the following countries?

A) Myanmar B) Japan
C) China D) Taiwan
 
Answer & Explanation Answer: C) China

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

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Q:

Oparin's theory about 'Origin of life' is related to

A) biological evolution B) chemical evolution
C) artificial evolution D) physical evolution
 
Answer & Explanation Answer: B) chemical evolution

Explanation:
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Filed Under: General Science
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Q:

Which of the following is the CORRECT decreasing order of intercellular space in various simple permanent tissues?

 

A) Parenchyma > Sclerenchyma > Collenchyma   B) Collenchyma > Parenchyma > Sclerenchyma  
C) Parenchyma > Collenchyma > Sclerenchyma   D) Sclerenchyma > Parenchyma > Collenchyma  
 
Answer & Explanation Answer: C) Parenchyma > Collenchyma > Sclerenchyma  

Explanation:
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Filed Under: Biology
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