Questions

Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs B) price = average profit
C) price = marginal costs = minimum average total costs D) price = minimum average variable costs
 
Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1126
Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good B) Giffin good
C) Inferior good D) Normal good
 
Answer & Explanation Answer: A) Superior good

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1126
Q:

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

A) Deflation B) Stagflation
C) Recession D) Depression
 
Answer & Explanation Answer: B) Stagflation

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1126
Q:

___ is used to control the fission reaction rate in a nuclear reactor as it absorbs neutrons without itself getting into fissioning.

 

A) Heavy water B) Graphite
C) Water D) Calcium
 
Answer & Explanation Answer: D) Calcium

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Chemistry
Exam Prep: Bank Exams

1 1126
Q:

What was the Gross Domestic Product (GDP) for India in 2016-17 Financial Year?

A) 6.10% B) 7.10%
C) 8.10% D) 6.70%
 
Answer & Explanation Answer: B) 7.10%

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1125
Q:

A price floor is _____.

A) a maximum legal price B) a minimum legal price
C) the price where demand equals supply D) the price where elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: B) a minimum legal price

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1125
Q:

Who is the only Indian economist to have won the Nobel prize?

A) Avinash Dixit B) Amit Mishra
C) Amartya Sen D) Abhijit Banerjee
 
Answer & Explanation Answer: C) Amartya Sen

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1125
Q:

__ was a Chinese Buddhist monk, who studied Buddhist Scriptures at Nalanda and is famous for his 17 year long trip to India between AD 627 to 643.

A) Megasthenes B) Hiuen Tsang
C) Fa-hien D) Al Beruni
 
Answer & Explanation Answer: B) Hiuen Tsang

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian History
Exam Prep: Bank Exams

0 1125