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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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The new digital payment application launched by India Post Payments Bank?

A) Dak Pay B) Dak Digital
C) Post Pay D) IPPB Pay
 
Answer & Explanation Answer: A) Dak Pay

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Which of the following statements is true with respect to Glucometer?

A) It is a medical device B) It is a non-medical device
C) It is used to measure oxygen level in the air D) It is used to measure nitrogen level in the air
 
Answer & Explanation Answer: A) It is a medical device

Explanation:
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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

Which of the following languages was not included in the 8th schedule of Indian Constitution through 92nd amendment act?

A) Maithili B) Bodo
C) Santhali D) Kannada
 
Answer & Explanation Answer: D) Kannada

Explanation:
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Filed Under: Indian Politics
Exam Prep: Bank Exams

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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.

 

Many a travelogue I read nowadays are about how the traveller went on a road less travelled ___________ some off-the-track trek or to an unknown destination or simply into the wild. How no internet ________________ is what you need to reconnect with yourself! How leaving your watch and phone __________ and going into the world of no check-ins and no updates would bring you solitude! These write-ups are laced with adjectives describing the geography of the region and filled with__________ details of the author’s days in that remote place. And, ironically, they all end with a strange advice to travel, and tell no one. I beg to _________.

 

How no internet ________________ is what you need to

 

A) connectivity B) to connect
C) connects   D) connecting
 
Answer & Explanation Answer: A) connectivity

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

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Q:

In December 2017, who launched project ‘DARPAN’ (Digital Advancement of Rural Post Office for a New India)?

 

A) Jayant Sinha B) Manoj Sinha
C) Ravi Shankar Prasad D) Prakash Javadekar
 
Answer & Explanation Answer: B) Manoj Sinha

Explanation:
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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

In a longitudinal wave, the distance between two consecutive compressions and two consecutive refractions is called

A) Matter B) Wavelength
C) Magnitude D) Energy
 
Answer & Explanation Answer: B) Wavelength

Explanation:
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Filed Under: Physics
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Q:

Salarjung Museum is located in ___.

A) Kolkata B) Ahmadabad
C) Delhi D) Hyderabad
 
Answer & Explanation Answer: D) Hyderabad

Explanation:
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Filed Under: Indian Geography
Exam Prep: Bank Exams

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