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 57372
Q:

Name the initiative launched by #Telangana to address the issues faced by farmers?

 

A) Rythu Bandhu B) Rythu Vedika
C) Harithahaaram D) Rythu Rajyam
 
Answer & Explanation Answer: B) Rythu Vedika

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 57290
Q:

Which European country has voted in favour of banning full facial coverings in public places?

 

A) New Zealand B) Switzerland
C) Thailand D) Poland
 
Answer & Explanation Answer: B) Switzerland

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 57265
Q:

Which of the following cells do not contain nucleus?

1. Root hair cells

2. Red blood cells

3. Platelets

4. Monocytes

Select the correct answer using the code given below.

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

Explanation:

The absence of a nucleus is an adaptation of the red blood cell for its role. It allows the red bloodcell to contain more haemoglobin and, therefore, carry more oxygen moleculesLike red cells, platelets (thrombocytes) have no nucleus.Monocytes have a small spherical nucleus and has abundant dark staining condensed chromatin.There are 5 organelles found in a root hair cell. They are the: nucleus, cytoplasm, cell membrane, cell wall and vacuole.

Report Error

View Answer Report Error Discuss

Filed Under: Biology
Exam Prep: Bank Exams

4 57200
Q:

How many molecules are present in one mole of water?

 

A) 6.02 x 1023 molecules B) 6.02 x 1026 molecules
C) 8.02 x 1022 molecules D) 7.02 x 1023 molecules
 
Answer & Explanation Answer: A) 6.02 x 1023 molecules

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Chemistry
Exam Prep: Bank Exams

0 57141
Q:

India’s largest ground-based optical telescope has been installed in which state?

 

A) Uttar Pradesh B) Gujarat
C) Goa D) Uttarakhand
 
Answer & Explanation Answer: D) Uttarakhand

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 57128
Q:

Who coined the term ‘protoplasm’ for the fluid substance of the cell?

 

A) Robert Hooke B) Robert Brown
C) J.E Purkinje D) M. Schleiden
 
Answer & Explanation Answer: C) J.E Purkinje

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Biology
Exam Prep: Bank Exams

2 57052
Q:

The mass of one molecule of oxygen is

 

A) 2.3 x 10-23 g B) 3.3 x 10-23 g
C) 4.3 x 10-23 g D) 5.3 x 10-23 g
 
Answer & Explanation Answer: D) 5.3 x 10-23 g

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams

4 56981