Q:

The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.

A) Resource Probability Set	B) Production Probability Set
C) Resource Possibility Set	D) Production Possibility Set

Answer & Explanation Answer: D) Production Possibility Set

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Micro economics deals with

A) the circular flow of income	B) the decision making of a single economic variable like demand
C) understanding unemployment	D) economic growth

Answer & Explanation Answer: B) the decision making of a single economic variable like demand

Explanation:

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Q:

A hand made paper workshop can hire 8 craftsmen by paying them Rs 400 per person per day. The 9th craftsman demands Rs 450 per day. If this craftsman is hired then all other craftsmen must be paid Rs 450. The marginal resource (labour) cost of the 9th craftsman is

A) Rs 50	B) Rs 850
C) Rs 800	D) Rs 100

Answer & Explanation Answer: B) Rs 850

Explanation:

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Filed Under: Indian Economy
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Q:

Which subatomic particle determines the identity of an element?

A) Electrons	B) Protons
C) Neutrons	D) All the above

Answer & Explanation Answer: B) Protons

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

An alloy is an example of

A) Colloidal solution	B) Emulsion
C) Solid solution	D) Heterogenous mixture

Answer & Explanation Answer: C) Solid solution

Explanation:

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Filed Under: Chemistry
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Q:

Which layer of earth is liquid?

A) inner core	B) outer mantle
C) outer core	D) crust

Answer & Explanation Answer: C) outer core

Explanation:

The crust and the inner core are solid, whereas the outer core and inner mantle are liquid. The outer mantle is semi solid.

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Who propounded the homeopathic principle of 'like cures like'?

A) Hippocrates	B) Samuel Hahnemann
C) Samuel Cockburn	D) George Vithoulkas

Answer & Explanation Answer: B) Samuel Hahnemann

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

After his stint as the Reserve Bank Governor, which University in USA did Raghuram Rajan join as professor of Finance?

A) Harvard Business School, Boston	B) Berkeley Haas, California
C) Booth School, Chicago	D) Columbia Business School, New York

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