Bank Exams Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

In the following, rectangle represents Physicians, circle represents Floral designers, triangle represents Sculptors and square represents Americans. Which set of letters represents Americans who are either Floral designers or Sculptors?

A) FGDH B) FGK
C) FHJD   D) GK
 
Answer & Explanation Answer: A) FGDH

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select No Error.

 

This will explains the decision taken(1)/ to impose a blockade on the country in (2)/ the midst of a crisis. (3)/ No error. (4)

 

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

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Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

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Q:

The radius and the height of a cone are each increased by 20%. Then the volume of the cone increases by

A) 20% B) 20.5%
C) 62% D) 72.8%
 
Answer & Explanation Answer: D) 72.8%

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Filed Under: Volume and Surface Area
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Q:

The two equal sides of an isosceles triangle is 20 cm each and the third side is 30 cm. What is the area (in sq.cm) of the triangle?

A) 50√5 B) 100
C) 75√7 D) 175
 
Answer & Explanation Answer: C) 75√7

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Q:

The demand curve _____.

A) shows that as the price of a good increases, demand for the good will increase B) shows that as the price of a good increases, demand for the good will decrease
C) has a positive gradient D) indicates that there is a direct relationship between quantity demanded and price
 
Answer & Explanation Answer: B) shows that as the price of a good increases, demand for the good will decrease

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Q:

A prime number

A) Is not a positive integer B) Has no divisor at all
C) Has 1 and only itself as divisors D) Has more than 2 divisors
 
Answer & Explanation Answer: C) Has 1 and only itself as divisors

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