Questions

Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers B) Income of consumers remains constant
C) Consumers are affected by demonstration effect D) There are no changes in the price of substitute goods.
 
Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Q:

___ is used in yellow lamp street lights.

A) Neon B) Nitrogen
C) Phosphorous D) Sodium
 
Answer & Explanation Answer: D) Sodium

Explanation:
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Filed Under: Chemistry
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Q:

The official language of Goa is ___.

A) English B) Portuguese
C) Konkani D) Marathi
 
Answer & Explanation Answer: C) Konkani

Explanation:
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Filed Under: Indian Geography
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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Society and individuals will evolve __________ changing times. Technology will continue to play an increasingly ____________ role in our lives in the years to come. Passing the blame on to technology is the easiest thing to do, but how we _____________ to use technology is an individual decision. In an attempt to be connected with the world _______ large, are we getting disconnected with the people who mean the most to us? This is a question worth pondering _________.

 

Society and individuals will evolve __________ changing times.

 

A) by   B) so  
C) if D) with
 
Answer & Explanation Answer: D) with

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE

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Q:

What is the sum of the measures of all the interior angles of a regular polygon of 9 sides?

A) 1260 B) 1440
C) 1800 D) 2340
 
Answer & Explanation Answer: A) 1260

Explanation:
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Q:

In the following question the 1st and the last part of the sentence/passage are numbered 1 and 6. The rest of the sentence/ passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct.

 

1. My hobby is to collect thought provoking articles from newspapers, magazines and Journals.
P. It has made me a much sought after speaker.
Q. It keeps me updated and helps me in my profession.
R. My successful talks give me self-satisfaction and fame.
S. Whenever I have to deliver a talk on topics such as education, personality development, stress management, I have a lot to say.
6. There is no doubt that a hobby is a boon if it combines pleasure and usefulness.

A) QSPR B) RSPQ
C) SPQR D) PQRS
 
Answer & Explanation Answer: A) QSPR

Explanation:
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Q:

Which team won the 2016 Champions Trophy Women's Hockey tournament defeating Netherlands in the finals in London?

 

A) Australia B) Argentina
C) India D) China
 
Answer & Explanation Answer: B) Argentina

Explanation:
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Q:

The principles of internal control include

A) Maintain Records B) Segregate of Duties
C) Mandatory Employee Rotation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.


The main internal control principles include:

  • Establish Responsibilities
  • Maintain Records
  • Insure Assets by Bonding Key Employees
  • Segregate of Duties
  • Mandatory Employee Rotation
  • Split Related Party Responsibility
  • Use Technological Controls
  • Perform Regular Independent Reviews

 

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