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ADVANCED BANK MANAGEMENT (ABM) 

SET 5

1. Quantity supplied of a product at Rs. 8 Per unit is 200 Units . If the price elasticity of supply is 1.5 , what will be the quantity supplied at Rs. 10 Per unit ?
Answer : 275
Explanation: 
Price elasticity of supply = 
(% change in quantity supplied /% Change in Price )
1.5 = ( (x-200)*100/200) / (10-8)*100/8 )
1.5 = ( (x-200)/2 ) / (200/8 )
1.5 = ( (x-200)/2 ) / 25
1.5 = (x-200) / 50
75 = x-200
x = 75+200
x = 275

2. Real Sector Policy means focus on............
in the early stages of reform process. 
Answer : Manufacturing Sector 

3. Ends refers to ..........
Answer : Wants 

4. The technique of production where machinery is used more than human force is called .............
Answer : Capital Intensive 

5. In Demand Curve , Quantity and Prices are..................... related .
Answer : Inversely 

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