Questions

Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: A) Inferior goods

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

A price floor is _____.

A) a maximum legal price B) a minimum legal price
C) the price where demand equals supply D) the price where elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: B) a minimum legal price

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Filed Under: Indian Economy
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.

 

Business is for profits and the spirit of __________________ and driving high performance are encouraged in a ______________ environment. Also, in a democratic country like India, perceived _______________ in the distribution of earnings or wealth is crucial to hold the fabric of its society, be it the citizens __________ the country or employees of a corporation. The evolution of compensation practices in India over the ____________ five decades demonstrates the changes that have taken place.

 

India over the ____________ five decades

 

A) lastly B) lasting
C) at last D) last
 
Answer & Explanation Answer: D) last

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Which of the following is called GDP Deflator?

A) Ratio of nominal to real GDP B) Ratio of nominal to real GNP
C) Ratio of nominal to real CPI D) Ratio of real to nominal GNP
 
Answer & Explanation Answer: A) Ratio of nominal to real GDP

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

A minimum wage _____.

A) is the price floor below which workers may not sell their labor B) is set at a price below the equilibrium wage
C) creates a price ceiling below which the wage cannot legally go D) decreases unemployment
 
Answer & Explanation Answer: A) is the price floor below which workers may not sell their labor

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Filed Under: Indian Economy
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

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Researchers at the University of Illinois have discovered new form of matter called Excitonium which was coined by ______ in the 1960’

A) Bertrand Halperin B) Eugene Wigner
C) Paul Dirac D) Felix Bloch
 
Answer & Explanation Answer: A) Bertrand Halperin

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Filed Under: Chemistry

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Q:

Light can travel ___ km in a year.

A) 5 billion B) 10 billion
C) 5 trillion D) 10 trillion
 
Answer & Explanation Answer: D) 10 trillion

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams

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