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.

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 797
Q:

What is the sum of the measures of all the interior angles of a regular polygon of 9 sides?

A) 1260 B) 1440
C) 1800 D) 2340
 
Answer & Explanation Answer: A) 1260

Explanation:
Report Error

View Answer Report Error Discuss

0 797
Q:

Which team won the 2016 Champions Trophy Women's Hockey tournament defeating Netherlands in the finals in London?

 

A) Australia B) Argentina
C) India D) China
 
Answer & Explanation Answer: B) Argentina

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Sports
Exam Prep: Bank Exams

2 796
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

0 796
Q:

On 5 January 2018, Lok Sabha passed High Court and Supreme Court Judges (Salaries and Conditions of Service) Amendment Bill, 2017. The Bill seeks to amend ______

A) High Court Judges (Salaries and Conditions of Service) Act, 1954   B) High Court Judges (Salaries and Conditions of Service) Act, 1964  
C) High Court Judges (Salaries and Conditions of Service) Act, 1975   D) High Court Judges (Salaries and Conditions of Service) Act, 1980  
 
Answer & Explanation Answer: A) High Court Judges (Salaries and Conditions of Service) Act, 1954  

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Politics
Exam Prep: Bank Exams

0 796
Q:

A body of mass 6 kg accelerates from 6 m/s to 18 m/s in 3 seconds due to the application of a force on it. Calculate the magnitude of this force (in N).

 

A) 48 B) 60
C) 24 D) 96
 
Answer & Explanation Answer: C) 24

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Physics
Exam Prep: Bank Exams

1 796
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 ___________ conversation-starter cultivated by years of ostentatious ___________ society is a simple ‘how do you do?’ followed by a polite shaking of hands and an optional comment on the weather. But aside __________ the mental trauma this ritual causes to those unfortunate souls who suffer from clammy hands, it also doesn’t provide much incentive to go on. Fascinating as the weather can be from time _________ time, one can speak only so much about the ____________ of the sun and express sympathy towards the depressions the Bay of Bengal faces.

 

much about the ____________ of the sun

 

A) brightness B) bright
C) brightly D) brighter
 
Answer & Explanation Answer: A) brightness

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 795
Q:

Which of the following is not an assumption of perfect competition?

A) There are many buyers and sellers B) Average total costs continually decrease.
C) The good sold by all sellers in the market is assumed to be homogeneous. D) Buyers and sellers in the market are assumed to have perfect information.
 
Answer & Explanation Answer: B) Average total costs continually decrease.

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 795