Bank PO Questions

The price elasticity of supply measures how the responsiveness of the quantity demanded of a commodity to changes it its prices; defined as the percentage change in quantity demanded divided by the percentage change in price.

The Shramjeevi Train is a daily superfast express train of Indian Railways, running between Rajgir, near Nalanda, Bihar, and New Delhi, the capital city of India. Previously it was running between Patna and New Delhi, later extended to Rajgir.

Christianity was founded by hesus Christ in Jerusalem, capital of Israel.

The galapagos finches are an excellent example of speciation which means the formation of distinct species in the course of evolution.

Mitochondria which is present in both plant and animal cells supplies energy to the cells and hence called as the powerhouse of the cell.

Another name for false productivity is Spinning your wheels. They use the term for false productivity because your wheels are spinning as you're doing work but you're not going anywhere i.e, making any progress.

Administered prices are prices set by government or firms which are not determined by regular market forces. They do not vary in response to short-run fluctuations in demand and supply conditions.

Examples include price controls and rent controls.