AIEEE Questions and Answers with Explanation

Q:

If two goods are complements, then

A) the cross-price elasticity of demand will be positive	B) an increase in the price of one good will increase demand for the other
C) the cross-price elasticity of demand will be negative	D) both B & C

Answer & Explanation Answer: D) both B & C

Explanation:

In economics, If two goods are complements, then the cross elasticity of demand is negative. That means a good's demand is increased when the price of another good is decreased. Conversely, the demand for a good is decreased when the price of another good is increased. It is opposite of substitute goods.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Who has built the Vijay Stambha (Tower of Victory) in Chittorgarh?

A) Maharana Pratap	B) Rana Kumbha
C) Rana Sanga	D) Kunwar Durjan Singh

Answer & Explanation Answer: B) Rana Kumbha

Explanation:

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Filed Under: Indian History
Exam Prep: CAT , Bank Exams , AIEEE

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Q:

Consider the given question and decide which of the following statements is/are sufficient to answer the question.

Between X and Y who is the better dancer?

Statements :
1. X had given more dance auditions.
2. Y had given more stage performances.

A) Both statements 1 and 2 are sufficient	B) Neither sufficient 1 nor 2 is sufficient
C) Statement 1 alone is sufficient while sufficient 2 alone is insufficient	D) Statement 2 alone is suuficient while sufficient 1 alone is insufficient

Answer & Explanation Answer: D) Statement 2 alone is suuficient while sufficient 1 alone is insufficient

Explanation:

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Filed Under: Statement and Conclusions
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Shays rebellion was significant because it

A) led for new constitution of US	B) Many farmers got their lands back
C) Both A & B	D) None of the above

Answer & Explanation Answer: A) led for new constitution of US

Explanation:

In the year 1786, in US Shay's rebellion was a rebellion among the farmers of Massachusetts and significant because as it is one of the major factor which led to the writing of new US constitution.

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Filed Under: World History
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Revenue should be recognized when

A) the service is performed	B) the customer charges an order
C) cash is received	D) the customer places an order

Answer & Explanation Answer: A) the service is performed

Explanation:

Revenue should be recognized when it is realized or when it is earned. When a service is performed something is earned and revenue should be recognized.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Venn diagram was invented by

A) Lucien Vidi	B) John Venn
C) Theophilus Van Kannel	D) Lewis Urry

Answer & Explanation Answer: B) John Venn

Explanation:

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Filed Under: Inventions
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Which acid is released when an Ant bites?

A) Hydrochloric Acid	B) Formic Acid
C) Acetic Acid	D) Phosphoric Acid

Answer & Explanation Answer: B) Formic Acid

Explanation:

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Filed Under: General Science
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

What should be the missing digit so that the number 275_476 becomes exactly divisible by 11?

A) 6	B) 4
C) 2	D) 3

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