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.

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 762

Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select ‘No Error’.

A person operating at the pre-conventional level of moral reasoning (1)/ considers any decision or ethical dilemma from the point of view of avoiding (2)/ personal harm, losing or seek personal gain. (3)/ No error (4)

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

Answer & Explanation Answer: C) 3

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 761

Q:

Scientists of which institute have found a way to induce points to give off dim light to plants by embedding luciferase enzyme?

A) The University of Cambridge	B) National University of Singapore
C) University of California	D) Massachusetts Institute of Technology

Answer & Explanation Answer: D) Massachusetts Institute of Technology

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 761

Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

An online shop evoke the analogy of buying products or services (1)/ at a regular retailer or shopping centre; the process (2)/ is called business-to-consumer (B2C) e-commerce .(3)/ No error (4)

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

Answer & Explanation Answer: A) 1

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

1 760

Q:

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

Keep at bay

A) Keep your loved ones protected even when they are faced with problems	B) To control something and prevent it from causing you problems
C) Hide your precious stuff	D) Be alert at all times

Answer & Explanation Answer: B) To control something and prevent it from causing you problems

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 760

Q:

The principles of internal control include

A) Maintain Records	B) Segregate of Duties
C) Mandatory Employee Rotation	D) All the above

Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.

The main internal control principles include:

Establish Responsibilities
Maintain Records
Insure Assets by Bonding Key Employees
Segregate of Duties
Mandatory Employee Rotation
Split Related Party Responsibility
Use Technological Controls
Perform Regular Independent Reviews

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 760

Q:

Which of the following statements is wrong with regard to strong acids?

A) Strong acids react very rapidly with other substances (such as metal carbonates and metal hydrogen carbonates)	B) Hydrochloric acid, Sulphuric acid and Nitric acid are strong acids
C) Acids are those chemical substances that have a salty taste	D) All minerals acids are strong acids

Answer & Explanation Answer: C) Acids are those chemical substances that have a salty taste

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Chemistry
Exam Prep: Bank Exams

0 760

Q:

Select the missing numbers from the given alternatives

A) 30	B) 35
C) 20	D) 25

Questions

Quick Links