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

0 1103

Q:

The _________ of a firm is a relationship between inputs used and output produced by the firm.

A) Marginal product	B) Production function
C) Total product	D) Average product

Answer & Explanation Answer: B) Production function

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Liabilities are generally classified on a balance sheet as

A) small liabilities and large liabilities	B) present liabilities and future liabilities
C) tangible liabilities and intagible liabilities	D) current liabilities and long-term liabilities

Answer & Explanation Answer: D) current liabilities and long-term liabilities

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1103

Q:

The amount of Rs. 10,000 after 2 years, compounded annually with the rate of interest being 10% per annum during the first year and 12% per annum during the second year, would be (in rupees)

A) 11,320	B) 12,000
C) 12,320	D) 12,500

Answer & Explanation Answer: C) 12,320

Explanation:

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

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Q:

Before its Independence, Bangladesh was part of ___________.

A) India	B) China
C) Pakistan	D) United Kingdom

Answer & Explanation Answer: C) Pakistan

Explanation:

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Filed Under: World Geography
Exam Prep: Bank Exams

1 1103

Q:

In the following question, select the odd word pair from the given alternatives.

A) Square – Four	B) Pentagon – Five
C) Rectangle – Three	D) Triangle – Three

Answer & Explanation Answer: C) Rectangle – Three

Explanation:

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Filed Under: Verbal Reasoning - Mental Ability

0 1103

Q:

These regional teams : Dabang Mumbai, Kalinga Lancers, Ranchi Rays, and Delhi Waveriders play against each other in which sports league competition?

A) Pro Kabaddi League	B) United Basketball Alliance
C) Indian Premier League	D) Hockey India League

Answer & Explanation Answer: D) Hockey India League

Explanation:

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Filed Under: Sports
Exam Prep: Bank Exams

0 1103

Q:

Which team created history by winning the Ranji Trophy for the first time in January 2018?

A) Kerala	B) West Bengal
C) Odisha	D) Vidarba

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