Questions

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

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Q:

If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.

A) price exceeds its marginal costs B) price exceeds its average total costs
C) average variable costs exceed its average total costs D) fixed costs are zero
 
Answer & Explanation Answer: A) price exceeds its marginal costs

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

____________ is the relationship between the variable input and output, keeping all other inputs are held constant.

A) Total product B) Average product
C) Isoquant D) The Long Run
 
Answer & Explanation Answer: A) Total product

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Filed Under: Indian Economy
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Q:

A ceramic pottery unit hires 8 craftsmen by paying each of them Rs 900 per day. The 9th craftsman demands Rs 950 per day. If this craftsman is hired then all other craftsmen must be paid Rs 950. The marginal resource (labour) cost of the 9th craftsman is _________.

A) Rs 1530 B) Rs 1050
C) Rs 50 D) Rs 1350
 
Answer & Explanation Answer: D) Rs 1350

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Filed Under: Indian Economy
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Q:

___ is known as a disease mostly caused by occupational health hazards.

A) Syphilis B) Cirrhosis
C) Silicosis D) Parkinson's
 
Answer & Explanation Answer: C) Silicosis

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams

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Q:

In the following question, from the given alternative words, select the word which cannot be formed using the letters of the given word.
Improvement

A) Rope B) Trim
C) Important D) Prove
 
Answer & Explanation Answer: C) Important

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Q:

What is the name of the scheme for the Employees State Insurance Corporation (ESIC) beneficiaries launched in Delhi region?

A) Sakushal Humesha B) Kahin bhi kabhi bhi
C) Jeevan Arogya D) Shramik Kalyan
 
Answer & Explanation Answer: B) Kahin bhi kabhi bhi

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

What happens to the Potential and Kinetic energies of a body as it falls down from a height?

A) Its Potential energy decreases while its Kinetic energy increases B) There is no change in its Potential or Kinetic energy
C) Its Potential and Kinetic energies decrease D) Its Potential energy increases while its Kinetic energy decreases
 
Answer & Explanation Answer: A) Its Potential energy decreases while its Kinetic energy increases

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Filed Under: Physics
Exam Prep: Bank Exams

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