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Q:

The law of increasing opportunity costs states that

A) along a production possibilites curve, increases in the production of one good make the production of that good easier and easier B) increases in wages cause increases in the costs of production
C) costs of production increases and then decreases D) along a production possibilities curve, increases in the production of one good require larger and larger sacrifices of the other good
 
Answer & Explanation Answer: D) along a production possibilities curve, increases in the production of one good require larger and larger sacrifices of the other good

Explanation:

Opportunity cost is the cost of other alternative choices for making your interested choice of work. Oppurtunity cost is also called as alternative cost.

For example on a holiday, you have two choices to do, either you can go to movie or a function. And if you chose to go to moavie, the oppurtunity cost of going to movie is the value that would have gotten if you had gone to function.

 

The law of increasing opportunity costs states that as you increase production of one good, the opportunity cost to produce an additional good will increase.

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

0 1998
Q:

Where is headquaters of Pan American Health Organisation

A) Mexico B) Washington DC
C) Ottawa D) New York
 
Answer & Explanation Answer: A) Mexico

Explanation:
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Filed Under: World Organisations

3 1998
Q:

What are the things that you need to check in a retail market, as a first line supervisor?

Answer

Applicant should answer that as a first line supervisor, he/she should directly supervise sales workers in a retail department. He/She would get involved in management functions such as purchasing, budgeting, accounting and ensure quality of supply apart from his/her regular supervisor work.

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Subject: Retail

0 1998
Q:

A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives.


The quest to find life outside the solar system got a big boost with the discovery of seven Earth-size extra-solar planets, or exoplanets, orbiting a dwarf star about 40 light years away. Unlike earlier discoveries of exoplanets, all seven planets could possibly have liquid water — a key to life as we know it on Earth — with three planets having the greatest chance. This is by far the largest collection of Earth-like planets in the habitable 'Goldilocks' zone of a star — neither too close nor too far from a star, which raises the possibility of liquid water being present on the surface. Only Earth has liquid water in the solar system. Since the dwarf star is much cooler than the Sun, the dimming of light each time a planet passes or transits before the star could be easily recorded from Earth unlike in cases when planets transit a Sun-like bright star. Since the initial discovery of three planets was made using the Chile-based Transiting Planets and Planetesimals Small Telescope, the exoplanet system is called TRAPPIST-1.

 

What is the 'Goldilocks' zone?

A) It is a mythological place about stars and planets B) That place on a planet which has lowest possibility of liquid water.
C) The correct distance of a planet from its star to have possibility of having liquid water D) That place on a planet which has the right amount of sunlight
 
Answer & Explanation Answer: C) The correct distance of a planet from its star to have possibility of having liquid water

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

0 1998
Q:

Sub-prime crisis' is a term associated with which one of the following events?

A) Economic recession B) Political instability
C) Structural adjustment programmes D) Growing social inequality
 
Answer & Explanation Answer: A) Economic recession

Explanation:

The United States subprime mortgage crisis was a nationwide financial crisis, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 –June 2009.It was triggered by a large decline in home prices after the collapse of a housing bubble, leading to mortgage delinquencies and foreclosures and the devaluation of housing-related securities.

 

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Filed Under: General Awareness
Exam Prep: Bank Exams

1 1997
Q:

When electrical brain waves have ceased, this is called

A) Electroshock B) Electrolysis
C) Suicide D) Brain death
 
Answer & Explanation Answer: D) Brain death

Explanation:
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Filed Under: General Science
Exam Prep: AIEEE

1 1997
Q:

What has to be broken before you can use or eat it?

Answer

Egg.


Egg is to be broken if we want to use or eat it.

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Subject: Word Puzzles Exam Prep: AIEEE , Bank Exams , GRE , TOEFL
Job Role: Analyst , Bank Clerk , Bank PO

2 1997
Q:

Singing Their Songs was created by

A) Elizabeth Catlett B) Francisco de Goya
C) Vija Celmins D) Louise Bourgeois
 
Answer & Explanation Answer: A) Elizabeth Catlett

Explanation:
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Filed Under: World History
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 1996