Bank Exams Questions

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NASA announced a Seven new system of Exoplanets, which are Earth-size, and could potentially hold life.These exoplanets are located outside of our solar system and orbit a star. NASA has named the system of planets after the ‘Transiting Planets and Planetesimals Small Telescope,’ which is located in Chile. This telescope first discovered three of the planets in this system in May 2016. Unlike Earth, which rotates on its axis, the planets are “tidally locked to the star.” This means that one side of the planet has only day, and one side has only night. It also means the weather conditions are unlike what we experience on Earth.

If the percent change in quantity demanded is less than the percent change in price, economists label the demand for the good as inelastic.

A good that is inelastic does not have very stretchy demand. In economic terms, the quantity demanded does not change a lot when the price changes.

So, if the price of a good increases by 10 percent and the quantity demanded decreases by only 5 percent or less than 10, that good is said to have inelastic demand.

Hence, in this case, consumers are not considered very sensitive, or responsive, to a change in the price of that good.

Light Year is related to Distance. It is the unit of Distance.

It is about 9.5 Trillion Kms or 5.9 Trillion miles.

• It is the distance that light travels in vaccum in one julian year i.e, 365.25 days.

India's first-ever autism township will come up in West Bengal.