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

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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:

The word development in economics pertains to

A) democratic countries	B) third world countries
C) advanced countries	D) undeveloped countries

Answer & Explanation Answer: B) third world countries

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

World War I started in the year?

A) 1914	B) 1919
C) 1939	D) 1945

Answer & Explanation Answer: A) 1914

Explanation:

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Filed Under: World History
Exam Prep: Bank Exams

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Q:

Choose the odd word/letters/number/number pair from the given alternatives.

A) Jawaharlal Nehru	B) Manmohan Singh
C) Lal Bahadur Shastri	D) Rajendra Prasad

Answer & Explanation Answer: D) Rajendra Prasad

Explanation:

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Filed Under: Verbal Reasoning - Mental Ability

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Q:

Who wrote the book, 'Indian Home Rule'?

A) M K Gandhi	B) Jawaharlal Nehru
C) Subhash Chandra Bose	D) Babasaheb Ambedkar

Answer & Explanation Answer: A) M K Gandhi

Explanation:

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Filed Under: Books and Authors
Exam Prep: Bank Exams

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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

Explanation:

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Filed Under: Famous Personalities
Exam Prep: Bank Exams

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Q:

What is the name of the acid in an ant's sting?

A) Acetic acid	B) Citric acid
C) Formic acid	D) Lactic acid

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