Exams


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.

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Filed Under: Indian Economy
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Q:

Points P and Q lie on side AB and AC of triangle ABC respectively such that segment PQ is parallel to side BC. If the ratio of AP:PB is 1:4 and area of Δ APQ is 4 sq cm, what is the area of trapezium PQCB?

A) 60 sq cm B) 16 sq cm
C) 96 sq cm D) 21 sq cm
 
Answer & Explanation Answer: C) 96 sq cm

Explanation:
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Filed Under: Volume and Surface Area
Exam Prep: Bank Exams

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: One has to work hard to establish, develop and maintain deep and lasting bonds with those who matter in one’s life.
Q: As "Man is not an island entire of itself", he cannot be happy in isolation.
R: Humans live out their life in the company of their family, friends, colleagues, superiors, even total strangers in buses and lifts.
S: And, brick by brick, they must build their relationship with each one, to lay a secure foundation for their road to happiness.

 

A) SPRQ B) RQSP
C) QSPR D) QRSP
 
Answer & Explanation Answer: D) QRSP

Explanation:
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Filed Under: English
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Q:

Study the graph and answer the following questions. The graph shows the number of bicycles parked in the parking space of a hall at various points of time.

What is the percentage decrease in the number of parked cycles between 7 pm and 8 pm? (in whole number)

A) 30 B) 38
C) 42 D) 45
 
Answer & Explanation Answer: D) 45

Explanation:
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Filed Under: Bar Charts
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Q:

A piece of paper is folded and cut as shown below in the question figures. From the given answer figures, indicate how it will appear when opened.

 

 

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

Explanation:
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Filed Under: Paper Folding
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Q:

___ is not a tributary of the river Ganges.

A) Yamuna B) Gomti
C) Kosi D) Manas
 
Answer & Explanation Answer: D) Manas

Explanation:
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Filed Under: General Awareness
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Q:

The length of the diagonal and the breadth of a rectangle are 29 cm and 20 cm respectively. Find its perimeter (in cm).

 

A) 164 B) 82
C) 21 D) 42
 
Answer & Explanation Answer: B) 82

Explanation:
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Filed Under: Volume and Surface Area
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Q:

As per Economic survey 2017-18, the percentage contribution of the services sector to India's GDP will be in the range of

A) Between 40-50% B) Greater than 50%
C) Less than 30% D) Between 30-40%
 
Answer & Explanation Answer: B) Greater than 50%

Explanation:
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