Questions

Q:

Consider the following statements about impact of tax :

1. A tax is shifted forward to consumers if the demand is inelastic relative to supply.

2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand.

Which of the statements given above is/are correct?

 

A) 1 only B) 2 only
C) Both 1 and 2 D) Neither 1 nor 2
 
Answer & Explanation Answer: C) Both 1 and 2

Explanation:

Only if either demand or supply was either completely elastic or inelastic will the tax burden fall entirely on either the buyer or the seller. Between these 2 extremes, tax incidence varies continuously from a perfectly inelastic supply or perfectly elastic demand, where the sellers assumes the entire burden of the tax to the perfectly elastic supply or perfectly inelastic demand where the buyers bear the entire burden. To better see how the elasticity of supply and demand affects tax incidence, consider a 20% tax on a can of soda. Suppose the government decides that the buyer should pay the 20% tax. Does this mean that the buyers will be paying 20% more, or will sellers have to share some of the tax burden? Since higher prices decrease demand, regardless of the reason for the higher prices, sellers will share some of the burden. How much of the burden will be determined by the elasticity of supply and demand for the product?

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 51417
Q:

Arrange the following cities in an order from North to South

1) Bhubaneshwar
2) Chennai
3) Hyderabad
4) Cochin

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

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Geography
Exam Prep: Bank Exams

1 51265
Q:

Which planet has the most volcanoes in our solar system?

 

A) Jupiter B) Venus
C) Saturn D) Neptune
 
Answer & Explanation Answer: B) Venus

Explanation:

Venus has the most number of volcanoes than any other planet in the solar system.

 

Report Error

View Answer Report Error Discuss

Filed Under: General Science
Exam Prep: Bank Exams

1 51100
Q:

Arrange the following Commissions chronologically on the basis of their date of setting :

1.The   Second   Administrative   Reforms Commission

2.The Eleventh Finance Commission

3.Punchhi Commission

4.Sarkaria Commission

Select  the  correct  answer  using  the  code given below.

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

Explanation:

Sarkaria commission-1983, Punchhi commission-2007, Eleventh     Financial     commission 2000-2005,  Second  Administrative Reform commission –2005

Report Error

View Answer Report Error Discuss

Filed Under: Indian History
Exam Prep: Bank Exams

0 51042
Q:

Which one of the following is not a scheme/project of the present Government?

 

A) AMRUT B) Swachh Bharat
C) AYUSH D) Jan Dhan Yojana
 
Answer & Explanation Answer: C) AYUSH

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Politics
Exam Prep: Bank Exams

0 50951
Q:

Which of the following statement(s) is/are CORRECT?

I. Acids are sour in taste and generate H+ ions.

II. Acids are sour in taste and generate OH– ions.

III. Bases are bitter intaste and generate OH– ions.

A) Only I and III B) Only I and II
C) Only II and III D) All I, II and III
 
Answer & Explanation Answer: A) Only I and III

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Chemistry
Exam Prep: Bank Exams

2 50832
Q:

Which of the following statements is/are correct?

1.In June 2016, the LIGO group of scientists announced the detection of a second set of gravitational waves.

2.Gravitational waves were generated due to merger of two black holes at about 1.4 billion light-years distant.

3.Gravitational waves were inserted due to collision of two white dwarf stars at about 1.4 billion light-years distant.

Select the correct answer using the code given below.

 

A) 1 only B) 1 and 2 only
C) 2 and 3 only D) 1, 2 and 3
 
Answer & Explanation Answer: D) 1, 2 and 3

Explanation:

All are correct. Gravitational waves don’t get distorted or altered by interactions with matter as they go through space. gravitational waves have pure information about the objects and events that created them. The Government of India has given approval for the world’s third advanced Laser Interferometer Gravitational Wave Observatory (LIGO-India) to set up in India.

Report Error

View Answer Report Error Discuss

Filed Under: General Science
Exam Prep: Bank Exams

0 50830
Q:

Which animal do not make any sound?

Answer

Which_animal_do_not_make_any_sound1541394022.jpg image


Giraffe is the animal that do not make any sound.

Report Error

View answer Workspace Report Error Discuss

Subject: Animals and Birds Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

907 50772