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

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1185

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 1184

Q:

What situation would result if Government expenditure exceeds the Government revenue on Current Account?

A) Deficit budgeting	B) Zerobased budgeting
C) Performancebased budgeting	D) Surplus budgeting

Answer & Explanation Answer: A) Deficit budgeting

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which one of the following is a bad Thermal Conductor?

A) Aluminium	B) Copper
C) Glass	D) Silver

Answer & Explanation Answer: C) Glass

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Filed Under: Chemistry
Exam Prep: Bank Exams

0 1184

Q:

Find the odd word/letters/number from the given alternatives.

A) 13	B) 17
C) 29	D) 87

Answer & Explanation Answer: D) 87

Explanation:

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Filed Under: Verbal Reasoning - Mental Ability

0 1184

Q:

As of February 2018, which famous Bollywood actor has been named as the brand ambassador of 'Resurgent Rajasthan', a state government campaign?

A) Irrfan Khan	B) Amitabh Bachchan
C) Rahul Singh	D) Anupam Kher

Answer & Explanation Answer: A) Irrfan Khan

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Filed Under: Famous Personalities
Exam Prep: Bank Exams

1 1184

Q:

Slave Dynasty was founded by

A) Qutbuddin Aibak	B) Mahmud Ghazni
C) Muhammad Ghori	D) Razia Sultana

Answer & Explanation Answer: A) Qutbuddin Aibak

Explanation:

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Filed Under: Indian History
Exam Prep: Bank Exams

1 1184

Q:

In 2015, the United Nations Climate Change Conference was held at -

A) Paris	B) Doha
C) Montreal	D) Copenhagen

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