Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand	B) Substitution effect
C) Problem of choice	D) Optimal choice

Answer & Explanation Answer: B) Substitution effect

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Filed Under: Indian Economy
Exam Prep: Bank Exams

2 1133

Q:

A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.

A) Perfect Competition	B) Monopoly
C) Oligopoly	D) Monopolistic Competition

Answer & Explanation Answer: B) Monopoly

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The word development in economics pertains to

A) democratic countries	B) third world countries
C) advanced countries	D) undeveloped countries

Answer & Explanation Answer: B) third world countries

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Akbar (1556–1605 AD) was the ruler of which dynasty?

A) Nanda	B) Maurya
C) Mughal	D) Haryanka

Answer & Explanation Answer: C) Mughal

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Filed Under: Indian History
Exam Prep: Bank Exams

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Q:

Mughal Emperor Humayun's tomb is in

A) Kabul	B) Delhi
C) Shahdara Bagh	D) Khuldabad

Answer & Explanation Answer: B) Delhi

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Filed Under: Indian History
Exam Prep: Bank Exams

2 1133

Q:

The compound interest on Rs. 64,000 for 3 years, compounded annually at 7.5% p.a. is Rs. 64,000

A) Rs. 14,400	B) Rs. 15,705
C) Rs. 15,507	D) Rs. 15,075

Answer & Explanation Answer: C) Rs. 15,507

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Filed Under: Quantitative Aptitude - Arithmetic Ability

0 1133

Q:

As of February 2018, who owns the Kolkata-Based IPL team 'Kolkata Knight Riders'?

A) Sourav Ganguly	B) Shah Rukh Khan
C) Subrata Roy	D) Aamir Khan

Answer & Explanation Answer: B) Shah Rukh Khan

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

0 1133

Q:

Who was the 2015 Men's Rugby World Cup Winner?

A) New Zealand	B) South Africa
C) Australia	D) England

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