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Q:

In economics, if a good is inelastic,

A) its supply or demand is not sensitive to price changes. B) consumers have lost an interest in purchasing it.
C) producers have lost an interest in manufacturing it. D) its supply or demand is too sensitive to price changes.
 
Answer & Explanation Answer: A) its supply or demand is not sensitive to price changes.

Explanation:

If the percent change in quantity demanded is less than the percent change in price, economists label the demand for the good as inelastic.

A good that is inelastic does not have very stretchy demand. In economic terms, the quantity demanded does not change a lot when the price changes.

 

So, if the price of a good increases by 10 percent and the quantity demanded decreases by only 5 percent or less than 10, that good is said to have inelastic demand.

 

Hence, in this case, consumers are not considered very sensitive, or responsive, to a change in the price of that good.

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Filed Under: Indian Economy
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

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Q:

The goal of a market economy is to

A) equity B) security
C) Both A & B D) None of the above
 
Answer & Explanation Answer: A) equity

Explanation:
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Filed Under: Indian Economy
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Q:

Cricket is the national game of which country?

A) Australia B) India
C) Canada D) Spain
 
Answer & Explanation Answer: A) Australia

Explanation:

Cricket is the national game of Australia.

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Filed Under: Sports
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

In a computer game, a builder can build a wall in ten hours while a destroyer can demolish such a wall completely in fourteen hours. Both, the builder and the destroyer were initially set to work together on level ground. But after 7 hours the destroyer was taken out. What was the total time (in hrs) taken to build the wall ?

A) 17 B) 15
C) 24 D) 35
 
Answer & Explanation Answer: B) 15

Explanation:
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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams

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Q:

When did B.R. Ambedkar was received Bharat Ratna?

A) 1890 B) 1980
C) 1990 D) 1989
 
Answer & Explanation Answer: C) 1990

Explanation:

Dr. B.R. Ambedkar received Bharat Ratna in the year 1990.

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Filed Under: Indian History
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

What would be the output of the following program?

main()

{

     char ch ='A';

      printf ("%d%d", sizeof (ch), sizeof ('A'));

}

Answer

1   2

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Subject: Programming

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Q:

KYC norms for e-wallets made mandatory from

A) March 31 B) March 1
C) April 1 D) May 1
 
Answer & Explanation Answer: B) March 1

Explanation:
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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams
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Q:

Which is false concerning the use of the voting machine?

A) It does away with the need for numerous officials to count ballots. B) Fraud is nearly impossible.
C) It assures absolute secrecy. D) It was invented in 1898.
 
Answer & Explanation Answer: D) It was invented in 1898.

Explanation:

A voting machine is a machine used to register and tabulate votes.

 

In the given options, It was invented in 1898 is the false statement as it was actually invented in 1875 with some faults in it.

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Filed Under: Indian Politics
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Job Role: Analyst , Bank Clerk , Bank PO

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