Questions

Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs B) price = average profit
C) price = marginal costs = minimum average total costs D) price = minimum average variable costs
 
Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".
She (starts walks) without responding.

A) start walking B) started walking
C) starting walking D) no improvement
 
Answer & Explanation Answer: B) started walking

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Q:

A sentence has been given in Direct/Indirect Speech. Out of the four given alternatives, select the one which best expresses the same sentence inIndirect/Direct Speech.

“Where do you come from?” asked the stranger.

A) The stranger enquired about my location. B) The stranger enquired where I came from.
C) The stranger says where do I come from. D) The stranger asked where did I came from
 
Answer & Explanation Answer: B) The stranger enquired where I came from.

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.


_____________ who argue in this way support their case by pointing to the lack of a general consensus of opinion which obtains in many parts of the field which the philosopher regards as his own; and also by ____________ out that, even within this field, there is a growing tendency ___________ the part of certain sciences to separate themselves from philosophy and _____________ independent. Thus the psychologist and the logician are sometimes very anxious to have it understood that they belong among the scientists and ___________ among the philosophers.


from philosophy and _____________ independent.

A) become B) became
C) becoming D) becomes
 
Answer & Explanation Answer: A) become

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Q:

In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.


Targeting inflation comes from a belief that policy should be _________ and transparent, so that the private sector can factor this ___________ their decision-making. The question that this ________ is: are there more "complicated" policies which _________ better? I just note that one such policy is called "nominal income targeting". _____________ it is more complicated and the private sector is deemed to be intellectually challenged.

policy should be _________ and transparent,

A) elaborate B) detailed
C) easy D) simple
 
Answer & Explanation Answer: D) simple

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.


Equally disappointing is the court's ________________, one-paragraph dismissal of the claim that criminal ________________ creates a chilling effect upon speech. Such proclamations are easy _______________ from the high, secure, and insulated bench of the Supreme Court. It is journalists and newspapers, fighting hundreds of _____________ cases in court, _______________ have to deal with the very real consequences.


Such proclamations are easy _______________ from the high

A) making B) made
C) for making D) to make
 
Answer & Explanation Answer: D) to make

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Q:

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.


Implanting standards, right values, the science of good and evil are an essential part of education. Many forces thwart this to work, but two of the most serious hindrances to it are examinations and specialization. The examination system is both an opiate and a poison. It is an opiate because it lulls Man into believing that all is well when most is ill. It is a poison because it paralyses or at least slows down the natural activities of the healthy mind. Man finds himself a creature of unknown capacities in an unknown world, wants to learn what the world is like, what he should be and do in it. To help him in answering these questions is the one and only purpose of education. However, tests of progress are useful and necessary. Examinations are harmless when the examinee is indifferent to their result, but as soon as they matter, they begin to distort his attitude to education and to conceal its purpose. For disinterestedness is the essence of all good education and liberal education is impossible without it.

 

The author considers specialization as :

A) A boon B) An obstacle
C) A curse D) A distraction
 
Answer & Explanation Answer: B) An obstacle

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select ‘No Error’.

 

A business venture or one’s own personal life has greater chances (1)/ of experiencing success and fulfillment, (2)/ if the outlook is more temperate to indifferent or radical. (3)/ No error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

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