Q:

A binding price floor causes

A) Excess demand for the goods	B) Surplus supply of goods
C) Less supply of goods	D) No demand for the goods

Answer & Explanation Answer: B) Surplus supply of goods

Explanation:

A price floor is the minimum price that can be charged. A binding price floor occurs when the government sets a required price on goods at a price above equilibrium. Because the government requires that prices not drop below this price, that price binds the market for that good.

A binding price ceiling is one that is set below equilibrium price.

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Filed Under: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

5 1890

Q:

In each of the questions, four alternatives are given for the Idiom/Phrase. Choose the alternative which best expresses the meaning of the Idiom/Phrase and click the button corresponding to it.

Fit her like a glove.

A) Too large	B) Too shabby
C) Too tight	D) Perfectly

Answer & Explanation Answer: D) Perfectly

Explanation:

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Filed Under: English
Exam Prep: TOEFL , GRE , CAT

1 1890

Q:

Four statements are given below at A, B, C and D. There may be some errors in the given statement(s). The incorrect statement is your answer.

A) Many Japanese cities had extensive tram systems until the 1960s, when increased motorization started to make some lines disappear.	B) Increased motorization started to make some lines disappear after the1960s until when many Japanese cities had extensive tram systems.
C) When increased motorization started to make lines disappear, many Japanese cities have extensive tram systems until the 1960s.	D) Until the 1960s, when increased motorization started to make some lines disappear, many Japanese cities had extensive tram systems.

Answer & Explanation Answer: C) When increased motorization started to make lines disappear, many Japanese cities have extensive tram systems until the 1960s.

Explanation:

‘has’ is incorrectly used since the sentence is in past tense. Moreover, the subject is cities, which is plural.

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Filed Under: English
Exam Prep: CAT , GRE , TOEFL

0 1889

Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

tending to hang loosely.

A) to attenuate	B) to enfeeble
C) prostrate	D) to flop

Answer & Explanation Answer: D) to flop

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

0 1889

Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.

P: The real purpose underlying this maxim lies in its utility in the worldly sense.
Q: He has within him a spirit which is ever exhorting him to cut down his needs and learn to be happy with what he has.
R: Man is something much greater than an intelligent being using his intellect to make newer inventions from time to time.
S: It tells us to be up and doing, not to be passive in our attitude to life.

A) QPSR	B) RQPS
C) SRPQ	D) None

Answer & Explanation Answer: B) RQPS

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

0 1888

Q:

What is the common name of Sodium Bicarborate?

A) Baking Soda	B) Washing Powder
C) Plaster of Paris	D) Fly Ash

Answer & Explanation Answer: A) Baking Soda

Explanation:

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Filed Under: Chemistry
Exam Prep: Bank Exams

3 1888

Q:

Which one of the following is not a biosphere reserve of India?

A) Agasthyamalai	B) Nokrek
C) Great Nicobar	D) Great Himalayan

Answer & Explanation Answer: D) Great Himalayan

Explanation:

Biosphere Reserves are established for the conservation of biodiversity for economic and social development and maintenance of associated cultural values.There are 18 Biosphere Reserves in the country. Agasthyamala Biosphere reserve is located at the southern-most part of the Western Ghats and spread over two states,Kerala and Tamil Nadu. It was established in 2001;Nokrek Biosphere Reserve is a national park situated in West Garo Hills district of Meghalaya. UNESCO made it the Biosphere Reserves in May 2009;The Great Nicobar Biosphere Reserve has such ecosystems that include tropical wet evergreen forests, mountain ranges and coastal plains. The region is well known for its rich biodiversity. It was made a biosphere reserve in January 1989; while The Great Himalayan is a National Park situated in Kullu region of Himachal Pradesh. The park was established in 198

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Filed Under: Indian Geography
Exam Prep: Bank Exams

1 1888

Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.
In the Northeast, the sun
X-sets by four in the evening
Y-morning and in winter it
Z-rises as early as four in the

A) XYZ	B) YZX
C) ZYX	D) ZXY

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