Question : The following represent the opportunity cost of holding money, except:
Option 1: Loss of utility from goods that could have been purchased with the same amount of money
Option 2: Loss of interest-earning on cash holdings
Option 3: Loss of purchasing power of money due to inflation
Option 4: Transaction cost in withdrawing money
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Correct Answer: Transaction cost in withdrawing money
Solution : The answer is the Transaction cost of withdrawing money.
In economics, opportunity cost is the value or benefits that entrepreneurs, small firms, organisations, investors, or individuals pass on because they would rather do or achieve something else. The following represent the opportunity cost of holding money, except for the transaction cost of withdrawing money.
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Question : Barter transaction means:
Option 1: goods are exchanged for gold
Option 2: coins are exchanged for goods
Option 3: money acts as a medium of exchange
Option 4: goods are exchanged with goods
Question : Sourabh purchased an article for INR 48,000 and sold it at a loss of 12%. With that amount, she purchased another item and sold it at a gain of 20%. What is the overall gain or loss in INR?
Option 1: INR 2,688 loss
Option 2: INR 14,208 loss
Option 3: INR 2,688 gain
Option 4: INR 14,208 gain
Question : A salesman marks his goods 30% above the cost and gives a discount of 10% on them. Find his gain or loss percentage.
Option 1: Loss 7%
Option 2: Gain 7%
Option 3: Loss 17%
Option 4: Gain 17%
Question : Manoj marked his goods 30% above the cost price and gave a 12% discount to the customers. The profit or loss percentage is:
Option 1: 14.8% loss
Option 2: 15.4% profit
Option 3: 14.4% profit
Option 4: 15% loss
Question : Arun sold his goods at a loss of 10%. If the selling price of the goods had been increased by INR 270, there would have been a gain of 8%. What was the cost price (in INR) of the goods for Arun?
Option 1: INR 1,800
Option 2: INR 1,150
Option 3: INR 1,650
Option 4: INR 1,500
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