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

2 1313

Q:

The consumption schedule is such that

A) the MPC and the APC must be equal at all levels of income.	B) the APC is constant and the MPC declines as income rises.
C) both the APC and the MPC increase as income rises.	D) the MPC is constant and the APC declines as income rises.

Answer & Explanation Answer: D) the MPC is constant and the APC declines as income rises.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) All of them	B) speak
C) good english	D) No error

Answer & Explanation Answer: C) good english

Explanation:

The error is in third part. Replace ‘good’ with ‘correct’. English is not good or bad, but it can be correct or incorrect. We can also say ‘All of them speak English well’, or ‘All of them speak fluent English’. The error remains in part c.

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Filed Under: English
Exam Prep: Bank Exams

0 1313

Q:

Carica papaya is the scientific name of ___________.

A) Peepal	B) Papaya
C) Tamarind	D) Drumstick

Answer & Explanation Answer: B) Papaya

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Moti Masjid is situated in which of these World Heritage Sites?

A) Humayun's Tomb	B) Mahabodhi Temple Complex
C) Qutub Minar	D) Red Fort Complex

Answer & Explanation Answer: D) Red Fort Complex

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Filed Under: Indian Geography
Exam Prep: Bank Exams

1 1313

Q:

Which is India's first defense satellite?

A) INSAT 2B	B) GSAT - 7
C) GSAT - 6	D) IRS - 1A

Answer & Explanation Answer: B) GSAT - 7

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Which country built the Bird's Nest Stadium for 2008 Summer Olympics?

A) China	B) Brazil
C) Australia	D) Germany

Answer & Explanation Answer: A) China

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

‘Garibi Hatao’ (removal of poverty) and ‘Growth with Justice’ were the main objectives of ___________.

A) Plan Holiday	B) Fourth Five Year Plan
C) Rolling Plan	D) Fifth Five Year Plan

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