BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following terms is not used in Economics?
A
Balance of Payment
B
Call Money
C
National Debt
D
Boyle’s Law
Explanation: 

Detailed explanation-1: -Graph(C) does not represent Boyle’s law since PV ≠ constant .

Detailed explanation-2: -Centrifugal force is mainly used in the field of physics and hence it is not used in Economics.

Detailed explanation-3: -This empirical relation, formulated by the physicist Robert Boyle in 1662, states that the pressure (p) of a given quantity of gas varies inversely with its volume (v) at constant temperature; i.e., in equation form, pv = k, a constant. The relationship was also discovered by the French physicist Edme Mariotte (1676).

Detailed explanation-4: -If we now come to option D, the graph in it states that the product of pressure and volume is not constant. If we look at the graph it is looking like a product of pressure and volume is decreasing with increasing pressure. This is not Boyle’s law.

There is 1 question to complete.