Questions

Q:

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

 


Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers.

 


What does not seem as not good or normal in the context of this essay?

 

A) the new interest in free market B) being captivated by spell of the free market
C) that which does not accord with the requirement of the free market D) the economists who are captivated by the free market
 
Answer & Explanation Answer: C) that which does not accord with the requirement of the free market

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

 

He said to her, "I will meet you here tomorrow."

 

A) He told her this that he will meet her there the following day. B) He told her that he would meet her there the following day.
C) He told her that he would meet her here tomorrow. D) He told her that he will meet her there tomorrow.
 
Answer & Explanation Answer: B) He told her that he would meet her there the following day.

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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.

 

Although it has been felt necessary to devote much space to ________ attempt to find principles that may be said to be at the basis ________ the art of all nations, the executive side of the question has not been neglected. And it is hoped that the __________ method for the study of drawing from the two opposite points of view ofline and mass here advocated may be useful, and help students to avoid some of the _____________ that results from attempting simultaneously the study of these______________ qualities of form expression.

 

much space to ________ attempt to find principles

 

A) an B) a
C) it D) once
 
Answer & Explanation Answer: A) an

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Q:

The price of a chair is Rs. 500. It has been sold at two succesive discounts of 10% each. What is its selling price?

A) Rs. 400 B) Rs. 405
C) Rs. 415 D) Rs. 425
 
Answer & Explanation Answer: B) Rs. 405

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Q:

The height of a tower is 50√3 m. The angle of elevation of a tower from a distance 50 m from its feet is

A) 30° B) 45°
C) 60° D) 90°
 
Answer & Explanation Answer: C) 60°

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Q:

As of February 2018, which famous Bollywood actor has been named as the brand ambassador of 'Resurgent Rajasthan', a state government campaign?

A) Irrfan Khan B) Amitabh Bachchan 
C) Rahul Singh D) Anupam Kher
 
Answer & Explanation Answer: A) Irrfan Khan

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Q:

If O is the centroid and AD, BE and CF are the three medians of Δ ABC with an area of 96 cm2 then the area of Δ BOD in cm2 is

A) 8 B) 12
C) 16 D) 24
 
Answer & Explanation Answer: C) 16

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Q:

For a price taking firm, average revenue is ______ market price.

A) half of B) equal to
C) double of D) less than
 
Answer & Explanation Answer: B) equal to

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Filed Under: Indian Economy
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