Questions

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.

Who, according to the economists, are the right group of people to set the price of a commodity?

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.

A brain and nervous system that are poorly developed or insufficiently nourished means low grade of ______________ in our mental processes, just as a poorly constructed or wrongly adjusted motor means loss of power in applying the electric current to its work. We will, __________, look upon the mind and the brain as counterparts of ___________ other, each performing activities which correspond to activities in the other, ________ inextricably bound together at least so far as this life is concerned, and each getting its _______________ by its union with the other. This view will lend interest to a brief study of the brain and nervous system.

We will, __________, look upon the mind

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'.

Rehana had everything(A)/beauties, a good figure,(B)/and a sweet personality.(C)/No issue(D)

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

Boys and girls ________ enjoy playing with the building blocks.

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'.

Chilika is the (1)/ largest brackish water (2)/ lagoon in Asia. (3)/No Error (4)

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

The nation has been _____as a relatively extensive, territorial relation of nativity. We have further formulated the_____of the nation as a territorially_____, yet bounded, social relation for the generation, transmission, and ____of life. When the nation is a national state, it is also a_____for the protection of life. The nation is often ______by the metaphor of familial relations and, indeed, has sometimes been considered as some kind of_____family. This is understandable because both the nation and the family are relations of_____. Nonetheless, there is an important difference, and to understand this will _____a more detailed examination of the_____ between territory and bonding.

When the nation is a national state, it is also a ______ for the protection of life.

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.

Of the three activities of thought, word and deed, perhaps thought is the most ______ and powerful force, for it is the ______ of the other two. Success is achieved twice, once in the mind and the second time in the real world. No matter in whose mind thought occurs; its laser-like energy seeks a target. That’s why we give so much importance to ______, seeking divine blessings before ______ on any project as we know that positive thinking is a strong force that can be ______ for the welfare and success of all.

it is the ______ of the other two.

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

To sell (stocks or other securities or commodities) in advance of acquiring them, with the aim of making a profit when the price falls.