Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs	B) price = average profit
C) price = marginal costs = minimum average total costs	D) price = minimum average variable costs

Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Inflation exists when

A) there is general increase in the prices over time.	B) there are periodic decreases in the price level.
C) there are continuous increases in the output level over time.	D) there is rise in the purchasing value of money.

Answer & Explanation Answer: A) there is general increase in the prices over time.

Explanation:

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Q:

A ceramic pottery unit hires 8 craftsmen by paying each of them Rs 900 per day. The 9th craftsman demands Rs 950 per day. If this craftsman is hired then all other craftsmen must be paid Rs 950. The marginal resource (labour) cost of the 9th craftsman is _________.

A) Rs 1530	B) Rs 1050
C) Rs 50	D) Rs 1350

Answer & Explanation Answer: D) Rs 1350

Explanation:

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Q:

Which of the following is considered a "diversified" investment?

A) Index Fund	B) Mutual Fund
C) Both of these	D) Neither of these

Answer & Explanation Answer: C) Both of these

Explanation:

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) I prefer	B) this book
C) than that one.	D) No error

Answer & Explanation Answer: C) than that one.

Explanation:

‘prefer’ is a verb that is always followed by the preposition ‘to’ expressing choice or preference over something else. In this case choice of ‘this book’ over the ‘other’ one. ‘Than’ is used for comparing to options, ‘prefer to’ expresses choice. Correct expression will be ‘to that one’.

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Filed Under: English
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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) All of them	B) speak
C) good english	D) No error

Answer & Explanation Answer: C) good english

Explanation:

The error is in third part. Replace ‘good’ with ‘correct’. English is not good or bad, but it can be correct or incorrect. We can also say ‘All of them speak English well’, or ‘All of them speak fluent English’. The error remains in part c.

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Filed Under: English
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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) Every student	B) should be asked to give
C) their ideas on the subject.	D) No error

Answer & Explanation Answer: C) their ideas on the subject.

Explanation:

Error is in third part. Every, each, either, neither are adjectives that are always followed by a singular pronoun. Every being singular takes singular subject. Therefore ‘their ideas’ should be replaced with’ his/her idea’.

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Filed Under: English
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Q:

Plants bend towards light due to the diffusion of the ____ hormone on the other side of the shoot.

A) abscisic acid	B) auxin
C) cytokinin	D) gibberellin

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