Questions

Q:

In economics, if a good is inelastic,

A) its supply or demand is not sensitive to price changes. B) consumers have lost an interest in purchasing it.
C) producers have lost an interest in manufacturing it. D) its supply or demand is too sensitive to price changes.
 
Answer & Explanation Answer: A) its supply or demand is not sensitive to price changes.

Explanation:

If the percent change in quantity demanded is less than the percent change in price, economists label the demand for the good as inelastic.

A good that is inelastic does not have very stretchy demand. In economic terms, the quantity demanded does not change a lot when the price changes.

 

So, if the price of a good increases by 10 percent and the quantity demanded decreases by only 5 percent or less than 10, that good is said to have inelastic demand.

 

Hence, in this case, consumers are not considered very sensitive, or responsive, to a change in the price of that good.

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Filed Under: Indian Economy
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

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Q:

DNA is a long chain made of repeating units called aminoacids.

A) TRUE B) FALSE
Answer & Explanation Answer: B) FALSE

Explanation:

The repeating units that are used to form the helical DNA structure are called nucleotides.

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Subject: General Science
Exam Prep: AIEEE , Bank Exams , GATE
Job Role: Analyst , Bank Clerk , Bank PO

0 2783
Q:

Where is it legal to tie up your boat?

A) to a lighted buoy B) to a mooring buoy
C) to a non-lateral marker D) to a safe water marker
 
Answer & Explanation Answer: B) to a mooring buoy

Explanation:

Mooring buoy are white with a blue horizontal band. They usually are placed in marinas and other areas where boats are allowed to anchor. These are the only buoys you may tie up to legally.

buoy_mooring_can1532169062.jpg image

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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3 2782
Q:

Correct word of ahmpabja?

Answer

ABP Majha is the correct word of the given jumbled word.

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Subject: English Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Analyst , Bank Clerk , Bank PO

0 2782
Q:

Carbon disulfide is prepared by heating sulfur and charcoal.

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

Explanation:

Yes, Carbon disulfide is prepared by heating sulfur and charcoal. 


S2 + C ----> CS2

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Subject: Chemistry
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

2 2782
Q:

Which among the following is not a asin country selected to the UN committee on Human rights three year term beginning january, 1995

A) Srilanka B) Pakistan
C) Phillippines D) India
 
Answer & Explanation Answer: B) Pakistan

Explanation:
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Filed Under: World Organisations

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Q:

The International Court of Justice was established in the year

A) 1947 B) 1946
C) 1950 D) 1948
 
Answer & Explanation Answer: B) 1946

Explanation:
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Filed Under: World Organisations

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Q:

In a computer game, a builder can build a wall in ten hours while a destroyer can demolish such a wall completely in fourteen hours. Both, the builder and the destroyer were initially set to work together on level ground. But after 7 hours the destroyer was taken out. What was the total time (in hrs) taken to build the wall ?

A) 17 B) 15
C) 24 D) 35
 
Answer & Explanation Answer: B) 15

Explanation:
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