Economic Glossary | Public Utility | Bankers Algo
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Yesterday is history, tomorrow is a mystery, today is a gift of God, which is why we call it the present.

-by Bil Keane

Series Funda

In the following question, one term in the number series is wrong. Find the wrong term.

56, 72, 90, 110, 132, 150

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Economic Glossary

    Public Utility

A firm providing essential services to the public, such as water, electricity and postal services, usually involving elements of NATURAL MONOPOLY. Food is essential, but because it is provided in a competitive market, food SUPPLY is not usually regarded as a public utility. Because public utilities have some MONOPOLY power, they are typically subject to some REGULATION by GOVERNMENT, such as PRICE controls and perhaps an obligation to provide their services to everybody, even to those who cannot afford to pay a market price (the universal service obligation). Public utilities are often owned by the state, although this has become less common as a result of PRIVATISATION.


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Banker's Algo Daily Dose

Word of the day

Brook(n)

Meaning:

Stream of water

Synonyms: beck, branch, burn, creek, rill, rindle, river

Antonyms: break, break down, despair, droop, fail, faint, fall, falter, give out, give up, sink, succumb, surrender, yield

Apti Question of The day

Question

A train running at 54kmph takes 20 seconds to pass a platform. Next it takes 12 second to pass a man walking at 6kmph in the same direction in which the train is going. Find the length of the train and the length of the platform.

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