Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The marginal propensity to consume lies between ____________.

A) 0 to Infinity B) 0 to 1
C) 1 to Infinity D) 0 to 10
 
Answer & Explanation Answer: B) 0 to 1

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) I prefer B) this book
C) than that one. D) No error
 
Answer & Explanation Answer: C) than that one.

Explanation:

‘prefer’ is a verb that is always followed by the preposition ‘to’ expressing choice or preference over something else. In this case choice of ‘this book’ over the ‘other’ one. ‘Than’ is used for comparing to options, ‘prefer to’ expresses choice. Correct expression will be ‘to that one’.

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Which of the following organisms are considered to be both Living and Non-living?

A) Bacteria B) Fungi
C) Algae D) Virus
 
Answer & Explanation Answer: D) Virus

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Which diabetes requires insulin shots?

A) Type 2 B) Type 1
C) Both 1 & 2 D) None
 
Answer & Explanation Answer: B) Type 1

Explanation:

The purpose of using insulin is to get the best management of blood sugar readings as close to normal blood sugar readings as possible to help avoid complications from diabetes.

People with Type 1 diabetes always require insulin injections in order to control blood sugar readings because they make little or no insulin.

 

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Which of the following can neither be created nor be destroyed?

A) Velocity B) Power
C) Energy D) Momentum
 
Answer & Explanation Answer: C) Energy

Explanation:
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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

______ is a constitutional body in India

A) Central Information Commission B) Lokpal and Lokayukta
C) National Development Council D) Election Commission
 
Answer & Explanation Answer: D) Election Commission

Explanation:
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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

India has signed the USD 200 million loan agreement with which bank for Assam Agribusiness and Rural Transformation project?

A) World Bank B) State Bank of India
C) New Development Bank D) Asian Development Bank
 
Answer & Explanation Answer: A) World Bank

Explanation:

India has signed the USD 200 million loan agreement with World Bank for Assam Agribusiness and Rural Transformation project. The project will help the Assam government to facilitate agribusiness investments, increase agriculture productivity and market access, and enable small farm holders produce crops that are resilient to recurrent floods or droughts in the state.

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Filed Under: General Awareness

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