Exams


Q:

Match the characteristics with their market structure:

(a) demand will tend to be inelastic
(b) Firm has control over quantity of output but it must take into account reactions of competitors

 

A) (a) Pure Monopoly, (b) Oligopoly B) (a) Pure Monopoly, (b) Monopolistic Competition
C) (a) Pure Competition, (b) Oligopoly D) (a) Monopolistic Competition, (b) Pure Competition
 
Answer & Explanation Answer: A) (a) Pure Monopoly, (b) Oligopoly

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

1 28081
Q:

If goods be purchased for Rs.450 and 1/3 is sold at a loss of 10%. At what gain % should the remainder is sold to has to gain 20% on the whole transaction?

A) 35% B) 28%
C) 22% D) 19%
 
Answer & Explanation Answer: A) 35%

Explanation:

Given the cost price of the articles = Rs. 450

To get overall 20% gain,

Total Selling Price = (20/100) x 450 = 540


One third of the CP = 1/3 x 450 = Rs. 150

But given 1/3 of articles are sold at 10% loss

S.P of 1/3 of articles = 90% of 150

= 90 x 150/100 = 135

 

Then, S.P on remaining 2/3 goods must be

= 450 - 135 = 405 ...........(1)

CP on remaining goods

= 2/3 x 450 = 300 ............(2)


Profit = SP - CP = 405 - 300 = 105


Profit %  = (105/300) x 100

= 35%.

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

45 28077
Q:

A bag contains 4 red and 3 black balls. A second bag contains 2 red and 4 black balls. One bag is selected at random. From the selected bag, one ball is drawn. Find the probability that the ball drawn is red.

A) 23/42 B) 19/42
C) 7/32 D) 16/39
 
Answer & Explanation Answer: B) 19/42

Explanation:

A red ball can be drawn in two mutually exclusive ways

 (i) Selecting bag I and then drawing a red ball from it.

 

(ii) Selecting bag II and then drawing a red ball from it.

 

Let E1, E2 and A denote the events defined as follows:

E1 = selecting bag I,

E2 = selecting bag II

A = drawing a red ball

Since one of the two bags is selected randomly, therefore 

P(E1) = 1/2  and  P(E2) = 1/2

Now, PAE1 = Probability of drawing a red ball when the first bag has been selected = 4/7

  PAE2  = Probability of drawing a red ball when the second bag has been selected = 2/6

 Using the law of total probability, we have 

 P(red ball) = P(A) = PE1×PAE1+PE2×PAE2 

 

                          = 12×47+12×26=1942

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Filed Under: Probability
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

64 28071
Q:

A large field of 700 hectares is divided into two parts. The difference of the areas of the two parts is one-fifth of the average of the two areas. What is the area of the smaller part in hectares?

A) 315 B) 385
C) 415 D) 485
 
Answer & Explanation Answer: A) 315

Explanation:

Let the areas of the two parts be x and (700-x) hectares

therefore, x-700-x=15x+700-x2

 2x-700=70

 x=385

So, the two parts are 385 and 315.

 Hence, Area of the smaller = 315 hectares

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Filed Under: Area
Exam Prep: Bank Exams
Job Role: Bank PO

18 28071
Q:

Choose the correct figure from the answer figures to replace the question mark.

 

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

Explanation:
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Filed Under: Image Analysis
Exam Prep: Bank Exams

1 28061
Q:

The length of the room is 5.5m and width is 3.75m. Find the cost of paving the floor by slabs at the rate of Rs.800 per sq meter

A) Rs.16500 B) Rs.15500
C) Rs.17500 D) Rs.18500
 
Answer & Explanation Answer: A) Rs.16500

Explanation:

l=5.5m w=3.75m
area of the floor = 5.5 x 3.75 = 20.625 sq m
cost of paving = 800 x 20.625 = Rs. 16500

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Filed Under: Area
Exam Prep: Bank Exams
Job Role: Bank PO

18 28058
Q:

The First Mechanical Computer Designed by Charles Babbage was called?

A) Super Computer B) Abacus
C) Calculator D) Analytical Engine
 
Answer & Explanation Answer: D) Analytical Engine

Explanation:

Computer was invented by Charles Babbage.

The First Mechanical Computer Designed by Charles Babbage, a British mathematician was called as Analytical Engine which resembles today's modern machines  between 1833 and 1871.

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145 28038
Q:

In the following question, select the related number from the given alternatives.

 

52 : 57 : : 46 : ?

 

A) 53   B) 49  
C) 55   D) 51
 
Answer & Explanation Answer: D) 51

Explanation:
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Filed Under: Analogy
Exam Prep: Bank Exams

0 28035