Q:

The Law of Demand is based on the concept that people _______.

A) buy more of a good as their income increases.	B) buy more of a good as the price of the good falls.
C) will spend all of their money on something.	D) want more of everything even if they have no money to buy anything.

Answer & Explanation Answer: B) buy more of a good as the price of the good falls.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

The innovation theory of profit was proposed by

A) Marshall	B) Clark
C) Schumpeter	D) Joan Robbinson

Answer & Explanation Answer: C) Schumpeter

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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

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which one of the following is a bad Thermal Conductor?

A) Aluminium	B) Copper
C) Glass	D) Silver

Answer & Explanation Answer: C) Glass

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

What is the action of dry HCl gas on dry litmus paper?

A) Blue litmus paper turns white	B) Blue or red litmus paper does not change its colour
C) Blue litmus paper turns red	D) Red litmus paper turns blue

Answer & Explanation Answer: B) Blue or red litmus paper does not change its colour

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

Name the Russian chemist who stated that the properties of elements are a periodic function of their atomic masses?

A) Markovnikov	B) Zelinsky
C) Mendeleev	D) Zaitsev

Answer & Explanation Answer: C) Mendeleev

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Filed Under: Chemistry
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Q:

The astronomer who discovered planet Pluto was ___.

A) Sylvain Arend	B) Joseph Asbrook
C) Edwin Hubble	D) Clyde Tombaugh

Answer & Explanation Answer: D) Clyde Tombaugh

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Which one of the following events is not correctly matched with the year in which it happened?

A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985	B) Conclusion of the Uruguay Round of GATT—1994
C) Inauguration of the World Trade Organization—1995	D) Establishment of the first wholly electronic stock exchange (Nasdaq)—1971

Answer & Explanation Answer: A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985

Explanation:

•SWIFT was founded in the 1970s, based on the ambitious and innovative vision of creating a global financial messaging service, and a common language for international financial messaging.

•The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 and embracing 123 countries as "contracting parties".

•The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement.

•Founded by the National Association of Securities Dealers, the NASDAQ began trading on February 8, 1971, as the world's first electronic stock market.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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