Target RBI Grade B 2025
1. Other things remaining unchanged, market demand for a good might β¬οΈ if:
A. Price of its substitute β¬οΈ
B. Price of its complement β¬οΈ C. The good is an inferior good & income D. Its priceβ¬οΈ (RBI ESI)
A. Price of its substitute β¬οΈ
B. Price of its complement β¬οΈ C. The good is an inferior good & income D. Its priceβ¬οΈ (RBI ESI)
Statement A (Price of its substitute increases): If the price of a substitute increases, the demand for the good in question is likely to increase because consumers will switch to the cheaper alternative. This statement is correct.
Statement B (Price of its complement increases): If the price of a complement increases, the demand for the good in question is likely to decrease because complements are used together. So, this statement is incorrect.
Statement C (The good is an inferior good and income of the consumers increases): For inferior goods, an increase in income leads to a decrease in demand as consumers will now prefer higher-quality goods. Thus, this statement is incorrect.
Statement D (Its price falls): A decrease in price typically leads to an increase in demand for the good, according to the law of demand. This statement is correct.
Hence, only A and D are correct!
Statement B (Price of its complement increases): If the price of a complement increases, the demand for the good in question is likely to decrease because complements are used together. So, this statement is incorrect.
Statement C (The good is an inferior good and income of the consumers increases): For inferior goods, an increase in income leads to a decrease in demand as consumers will now prefer higher-quality goods. Thus, this statement is incorrect.
Statement D (Its price falls): A decrease in price typically leads to an increase in demand for the good, according to the law of demand. This statement is correct.
Hence, only A and D are correct!
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Q.2 If a commodity is provided free to the public by the Government, then:
Anonymous Poll
13%
the opportunity cost is zero.
10%
the opportunity cost is ignored.
59%
the opportunity cost is transferred from the consumers of the product to the tax-paying public.
19%
the opportunity cost is transferred from the consumers of the product to the Government.
2%
none of these
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Indiaβs population growth on a downward trajectory: SBI report - The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/indias-population-growth-on-a-downward-trajectory-sbi-report/article68676446.ece
https://www.thehindubusinessline.com/economy/indias-population-growth-on-a-downward-trajectory-sbi-report/article68676446.ece
BusinessLine
Indiaβs population growth on a downward trajectory: SBI report
India's population to reach 138-142 crore in 2024, with median age rising to 28-29 years, making it one of the youngest nations.
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Target RBI Grade B 2025
If you are also facing the similar issue then press π button!
Here, you can try one thing, make your screen at 80% View, there is one box at the extreme right end, try this and its working then press β€οΈ Button!
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