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  • Question
  • What determines the value of an item?


  • Options
  • A. the capital required to build the factory
  • B. the unlimited wants of the consumers
  • C. the resources consumed in production
  • D. the amount of goods that are produced

  • Correct Answer
  • the capital required to build the factory 

    Explanation

    Value is the monetary worth of something, in this case, it is an item.

    In option A, since it is talking about capital which is measured in monetary terms.

    The value of an item is determined by its quality and its age. Often antiques with good quality are sold in the market with a high value and are sometimes auctioned.

  • Tags: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

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    • 2. The threshold limit upto which coins can be issued as per the Coinage Act 2011 ?

    • Options
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    • B. 200
    • C. 500
    • D. 1000
    • Discuss
    • 3. Cash Reserve Ratio ( CRR) and Stautory Liquidity Ratio (SLR ) are terms most closely related to which of the following industries/markets :

    • Options
    • A. Mutual Fund
    • B. Income Tax
    • C. Stock Exchange
    • D. Banking
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    • 4. What is the minimum period of time for which one can open an FD(Fixed Deposit) account ?

    • Options
    • A. 15 days
    • B. 6 months
    • C. 7 days
    • D. 1 year
    • Discuss
    • 5. Which Bank has been given scheduled bank status by RBI ?

    • Options
    • A. Disha
    • B. Suryoday
    • C. Janalakshmi
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    • 7. The journal entry to record a credit sale is

    • Options
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    • B. Accounts Payable
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    • D. None of the above
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    • 8. What is CRR rate?
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    • 9. Which among the following are not access Specifiers in C++?

    • Options
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    • C. Default
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    • Discuss
    • 10. In which year, the first bank of India "Bank of Hindustan" was established ?

    • Options
    • A. 1677
    • B. 1770
    • C. 1796
    • D. 1831
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