Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent	B) 7.8 percent
C) 10.2 percent	D) 10 percent

Answer & Explanation Answer: A) 7.5 percent

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

What does 'C' stands for 'CAGR', a business specific term for the geometric progression ratio that provides a constant rate over the specific time period?

A) Control	B) Compound
C) Credit	D) Call

Answer & Explanation Answer: B) Compound

Explanation:

CAGR stands for Compound Annual Growth Rate. So, C stands for Compound. Compound annual growth rate (CAGR) is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic	B) indifferent
C) market demand	D) diminishing

Answer & Explanation Answer: C) market demand

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Slow-growing large coloured patches on the bark of trees are the examples of symbiotic life forms called ______.

A) Aphids	B) Egrets
C) Shrimps	D) Lichens

Answer & Explanation Answer: D) Lichens

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Who is the Fortune's Businessperson of the Year 2020?

A) Jensen Huang	B) Ajay Banga
C) Elon Musk	D) Tim Cook

Answer & Explanation Answer: C) Elon Musk

Explanation:

The CEO of Tesla & SpaceX, Elon Musk tops the list of the Fortune's Businessperson of the Year 2020. He achieved this spot for the second time.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Which of the following coloured light has the lowest frequency?

A) Green	B) Blue
C) Red	D) Violet

Answer & Explanation Answer: C) Red

Explanation:

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

Calculate the current flowing through a resistor of 10 ohm when a potential difference of 140 v is applied across it.

A) 14 amp	B) 140 amp
C) 1400 amp	D) 1.4 amp

Answer & Explanation Answer: A) 14 amp

Explanation:

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

The energy released at the end of digestion is in the form of

A) thermal energy	B) electric energy
C) kinetic energy	D) chemical energy

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