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
Exam Prep: Bank Exams

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Q:

'737 MAX' is the airliner of which famous company?

A) Boeing	B) Qantas
C) Emirates	D) Air Bus

Answer & Explanation Answer: A) Boeing

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Gurinder Chadha, a Britisher of Indian-origin, has been honoured with the Sikh Jewel Award for 2017. In what line is Gurinder famous?

A) Athletics	B) Journalism
C) Medicine	D) Film-making

Answer & Explanation Answer: D) Film-making

Explanation:

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

Rat race

A) Make others fight for scraps and get sadistic pleasure out of it	B) Be an oppressive boss and treat employees like animals
C) A way of life in which people are caught up in a fiercely competitive struggle for wealth or power	D) Play games with the lives of other people and see them run aimlesly

Answer & Explanation Answer: C) A way of life in which people are caught up in a fiercely competitive struggle for wealth or power

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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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'.
He put the birds softly, (1)/ one by one, interior their (2)/ warm little home. (3)/No Error (4)

A) 1	B) 2
C) 3	D) 4

Answer & Explanation Answer: B) 2

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

For what is Radiocarbon dating technique used?

A) To estimate soil contamination	B) To estimate the amount of water in fossils
C) To estimate the age of fossils	D) To estimate the quality of soil

Answer & Explanation Answer: C) To estimate the age of fossils

Explanation:

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

Which of the following statement is true?

A) Global warming and climate change are two different issues	B) Global warming will reduce the annual build-up of glacier ice
C) Global warming may cause sea levels to go down	D) Global warming may cause contraction of deserts

Answer & Explanation Answer: B) Global warming will reduce the annual build-up of glacier ice

Explanation:

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Filed Under: General Science
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

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