Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero	B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive	D) When total utility is maximum,marginal and average utility are equal to each other.

Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If a person's income increases from Rs. 10 lakhs per year to Rs. 11 lakhs per year and tax increases from Rs. 80,000 to Rs. 92,500 the marginal tax rate is

A) 12.50%	B) 8%
C) 10%	D) 15%

Answer & Explanation Answer: A) 12.50%

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If demand curve for racing cycles is D = 80200 13P and supply curve is S = 6200 + 12P, What is the equilibrium Quantity?

A) 2960 units	B) 31220 units
C) 8750 units	D) 41720 units

Answer & Explanation Answer: D) 41720 units

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

How many union territories does India have as of June 2017?

A) 7	B) 6
C) 5	D) 4

Answer & Explanation Answer: A) 7

Explanation:

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

Which of the following organisms are considered to be both Living and Non-living?

A) Bacteria	B) Fungi
C) Algae	D) Virus

Answer & Explanation Answer: D) Virus

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

My father (were standing) in the balcony, his face clenched in a storm of emotions.

A) was standing	B) was stand
C) was stood	D) no improvement

Answer & Explanation Answer: A) was standing

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Who is the author of ‘The Windfall’?

A) Manmohan Singh	B) Amitav Ghosh
C) Diksha Basu	D) Arundhati Roy

Answer & Explanation Answer: C) Diksha Basu

Explanation:

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Filed Under: Books and Authors
Exam Prep: Bank Exams

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Q:

Which of the following leaders formed 'India Home Rule Society'?

A) Shyamji Krishna Varma	B) Annie Besant
C) Lala Hardayal	D) Bal Gangadhar Tilak

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