Bank Clerk Questions


Q:

If two goods are complements, then

A) the cross-price elasticity of demand will be positive B) an increase in the price of one good will increase demand for the other
C) the cross-price elasticity of demand will be negative D) both B & C
 
Answer & Explanation Answer: D) both B & C

Explanation:

In economics, If two goods are complements, then the cross elasticity of demand is negative. That means a good's demand is increased when the price of another good is decreased. Conversely, the demand for a good is decreased when the price of another good is increased. It is opposite of substitute goods. 

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

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Q:

Choose the CORRECT option if the two sides of a triangle is of length 4 cm and 10 cm and the length of its third side is a cm.

A) a<6 B) 6
C) a>5 D) 5
 
Answer & Explanation Answer: B) 6

Explanation:
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Q:

Mount Damavand is the highest peak in

A) Iraq B) Papua New Guinea
C) Oman D) Iran
 
Answer & Explanation Answer: D) Iran

Explanation:

Mount Damavand is the highest peak in Iran and also a potentially active volcano.

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

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Q:

The demand curve facing a perfectly competitive firm is

A) Line sloping upwards B) Horizontal line
C) Line sloping downwards D) Vertical line
 
Answer & Explanation Answer: B) Horizontal line

Explanation:

The demand curve facing a perfectly competitive firm is a horizontal straight line equal to the equilibrium price of the entire market because a perfectly competitive firm can sell all units brought to market at the same price.

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Filed Under: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

3 1406
Q:

Capitalism falls under _ economic system?

A) Market B) Planned
C) Command D) Mixed
 
Answer & Explanation Answer: A) Market

Explanation:

Capitalism is an economic system in which private individuals or businesses own capital goods i.e, economy is characterized by private ownership of the means of production. The production of goods and services is based on supply and demand in the general market known as a market economy and not on central planning known as a planned economy.

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

5 1405
Q:

During the 1950's American consumers

A) emphasized the importance of nurturing children B) purchased new labor saving appliances
C) became a symbol of youth culture D) All of the above
 
Answer & Explanation Answer: B) purchased new labor saving appliances

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

1 1405
Q:

The Berlin conference in 1884 was significant because it

A) colonized Africa B) colonized Germany
C) colonized Portugese D) None of the above
 
Answer & Explanation Answer: A) colonized Africa

Explanation:

The Berlin conference in 1884 was significant because it created rules on how European nations want to colonize Africa.

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

2 1403
Q:

The first amendment guarantees US by

Answer

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

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Subject: World Geography Exam Prep: AIEEE , Bank Exams
Job Role: Analyst , Bank Clerk , Bank PO

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