Q:

The demand for a inferior good increases with ________ in the consumer's income.

A) increase	B) decrease
C) constant	D) double

Answer & Explanation Answer: B) decrease

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In perfect competition _____.

A) Products can be similar or different	B) Producer can control price by controlling production
C) Demand curve is perfectly elastic	D) All firms make economic profit in the long run

Answer & Explanation Answer: C) Demand curve is perfectly elastic

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In May 2017, the Base year of All-Indian WPI (Wholesale Price Index) has been revised from 2004-05 to ______.

A) 2010-11	B) 2015-16
C) 2011-12	D) 2016-17

Answer & Explanation Answer: C) 2011-12

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If an unintended increase in business inventories occurs

A) aggregate expenditures must exceed the domestic output	B) we can expect businesses to lower the level of production
C) we can expect aggregate production to be unaffected	D) we can expect businesses to increase the level of production

Answer & Explanation Answer: B) we can expect businesses to lower the level of production

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In general, elasticity is a measure of

A) how firms' profits respond to changes in market prices.	B) the extent to which advances in technology are adopted by producers.
C) how much buyers and sellers respond to changes in market conditions.	D) the extent to which a market is competitive.

Answer & Explanation Answer: C) how much buyers and sellers respond to changes in market conditions.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of the four alternatives suggested, select the one which best
expresses the same sentence in Passive/Active voice.
The theatre was keeping a seat for you.

A) A seat was being kept for you by the theatre.	B) Keeping of a seat for you has been done by the theatre.
C) The theatre has kept a seat for you.	D) A seat would be kept for you by the theatre.

Answer & Explanation Answer: A) A seat was being kept for you by the theatre.

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Filed Under: English

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Q:

If a denotes x , b denotes ÷ , c denotes + and d denotes , then 8 a 3 c 24 b 12 d 19 = ?

A) 17	B) 7
C) 14	D) 8

Answer & Explanation Answer: B) 7

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Filed Under: Verbal Reasoning - Mental Ability

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Q:

Charles Wilkinson's English version of Bhagavad Gita was first published in the year

A) 1685	B) 1725
C) 1785	D) 1885

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