Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs	B) price = average profit
C) price = marginal costs = minimum average total costs	D) price = minimum average variable costs

Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Calculate a country's GDP if for the year, consumer spending is $400 million, government spending is $150 million, investment by businesses is $80 million, exports are $35 million and imports are $40 million.

A) $625 million	B) $465 million
C) $475 million	D) $635 million

Answer & Explanation Answer: A) $625 million

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Filed Under: Indian Economy
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Q:

In perfect competition _____.

A) Products can be similar or different	B) Producer can control price by controlling production
C) Demand curve is perfectly elastic	D) All firms make economic profit in the long run

Answer & Explanation Answer: C) Demand curve is perfectly elastic

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In India all of the following are sources for government revenue, except?

A) Agricultural income tax	B) Anti dumping duty
C) Perquisite tax	D) Toll tax

Answer & Explanation Answer: A) Agricultural income tax

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Q:

If price of an article decreases from Rs 80 to Rs 60, quantity demanded increases from 600 units to 750 units. Find point elasticity of demand?

A) -1	B) 1
C) -1.25	D) 1.25

Answer & Explanation Answer: A) -1

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Q:

Deep ocean trenches are associated with

Answer

Ocean trenches are the deepest parts of the ocean. Deep ocean trenches are associated with Constantly Moving a certain type of volcanic chain called an island arc and with zones of high earthquake activity.

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Subject: Indian Geography Exam Prep: Bank Exams

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Q:

Find out the odd word/letters/number/number pair from the given alternatives.

A) Tamil Nadu	B) Kerala
C) Andhra Pradesh	D) Delhi

Answer & Explanation Answer: D) Delhi

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Filed Under: Verbal Reasoning - Mental Ability

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Q:

Who wrote 'Nyaya Sutra'?

A) Vyasa	B) Gautam
C) Kapila	D) Charaka

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