Question 1

What you call the cost incurred in producing an additional unit of output

Accepted Answer

Marginal cost refers to the cost incurred in producing one additional unit of output, capturing the cost of expanding production by a small amount.

Question 2

Which is the biggest public sector Bank in India

Accepted Answer

State Bank of India (SBI) is the largest public sector bank in India. It has the widest network of branches and ATMs across the country and offers a wide range of banking and financial services.

Question 3

What is the name of the bank account opened by non-resident Indians

Accepted Answer

NRI a/c is the bank account opened by non-resident Indians.

Quiz 2: Economics and Banking

What you call the cost incurred in producing an additional unit of output

Which is the biggest public sector Bank in India

What is the name of the bank account opened by non-resident Indians