Q:

In which of the following plants are buds produced in the notches along the leaf margin?

A) Bryophyta	B) Banana
C) Rose	D) Bryophyllum

Answer & Explanation Answer: D) Bryophyllum

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

The Law of Demand is based on the concept that people _______.

A) buy more of a good as their income increases.	B) buy more of a good as the price of the good falls.
C) will spend all of their money on something.	D) want more of everything even if they have no money to buy anything.

Answer & Explanation Answer: B) buy more of a good as the price of the good falls.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

In which market form, a market or an industry is dominated by a single seller?

A) Oligopoly	B) Monopoly
C) Duopoly	D) Monopolistic Competition

Answer & Explanation Answer: B) Monopoly

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Filed Under: Indian Economy
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Q:

Lorenz curve shows

A) Inflation	B) Unemployment
C) Income distribution	D) Poverty

Answer & Explanation Answer: C) Income distribution

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Q:

If price of an article decreases from Rs 600 to Rs 500, when quantity demanded increases from 10000 units to 12000 units. Find point elasticity of demand?

A) -1.2	B) 1.2
C) -1.5	D) 1.5

Answer & Explanation Answer: A) -1.2

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Q:

The innovation theory of profit was proposed by

A) Marshall	B) Clark
C) Schumpeter	D) Joan Robbinson

Answer & Explanation Answer: C) Schumpeter

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Exam Prep: Bank Exams

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Q:

Which of the following is done at a Stock Exchange ?

A) Commodities are bought and sold at wholesale price	B) Commodities are bought and sold at retail price
C) Securities are bought and sold	D) None of these

Answer & Explanation Answer: C) Securities are bought and sold

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Q:

Which of the following elements replaced eka-Aluminium in Mendeleev's Periodic table?

A) Scandium	B) Gallium
C) Titanium	D) Germanium

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