Bank Exams Questions

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Prices do not reflect the full social cost of production is an example of Market failure.

A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.

It also occurs if externalities are not accounted for.

If a firm fails to maximize its profits this is not a general market failure.

The followers of Islam religion is called Muslims.

According to Muslims, God sent prophets to mankind to teach them how to live according to His law. Muhammad is believed by Muslims to be the last prophet sent by God (Allah). The Muslim holy book is called the Quran.

A computer programming language is nothing but a language which is understand by the computer.

Examples of programming languages are Basic, C, Java, Python, ...

There are two IP address assigned to each device on a Wi-Fi network.

An Internal (Private) and an External (Public) IP address.

Internal IP address is used for communication between Your computer and a smartphone or whatever devices that are connected to that Wifi network. This is unique for each. If they are same the system cannot differentiate between each device.

While, the External IP address is that visible to the the internet - the websites, the internet connected Apps so on. By default, Routers with NAT (all routers today have it) assign same Public IP address to all devices under its network.