Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to

A) improve	B) diminish
C) remain constant	D) first diminish and then improve

Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1393

Q:

Which one of the following is a water soluble vitamin?

A) A	B) C
C) K	D) D

Answer & Explanation Answer: B) C

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Biology
Exam Prep: Bank Exams

3 1393

Q:

What is called the hot dry local winds blowing in the northern part of Alps mountain?

A) Chinook	B) Foehn
C) Khamsin	D) Sirocco

Answer & Explanation Answer: B) Foehn

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Indian Geography
Exam Prep: Bank Exams

1 1393

Q:

Who is known for the invention of 'World Wide Web'?

A) Sir Tim-Berners-Lee	B) Maxwell
C) Martin Cooper	D) S A Forbes

Answer & Explanation Answer: A) Sir Tim-Berners-Lee

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Famous Personalities
Exam Prep: Bank Exams

1 1393

Q:

International yoga day is celebrated on which day?

A) 15th June	B) 21st June
C) 28th June	D) 1st June

Answer & Explanation Answer: B) 21st June

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Important Days and Years
Exam Prep: Bank Exams

1 1393

Q:

The Jawaharlal Nehru Award is given for __________ .

A) Government service	B) Literary work
C) International understanding	D) Social work

Answer & Explanation Answer: C) International understanding

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Honours and Awards

0 1392

Q:

Humayun was born in the year ___________.

A) 1508	B) 1608
C) 1708	D) 1808

Answer & Explanation Answer: A) 1508

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Indian History
Exam Prep: Bank Exams

0 1392

Q:

In 2007, which monument was declared a winner of the New 7 Wonders of the World?

A) Taj Mahal	B) Hawa Mahal
C) Agra Fort	D) Lotus Temple

Questions

Quick Links