Questions

Q:

IMF has predicted that the global economy would grow at _______ % in 2017.

A) 5.5 B) 4.5
C) 3.5 D) 2.5
 
Answer & Explanation Answer: C) 3.5

Explanation:
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Q:

Lorenz curve shows

A) Inflation B) Unemployment
C) Income distribution D) Poverty
 
Answer & Explanation Answer: C) Income distribution

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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’.

When the business is ran smoothly (1)/ directors are more than happy to pick an experienced insider, (2)/ who will continue along the present path. (3)/ No error (4)

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

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Q:

Read each sentence to find out whether there is any grammatical error in it. The error, if any, will be in one part of the sentence. If there is no error, theanswer is (E), ie ‘No error’. (Ignore the errors of punctuation, if any.)

The reason why he failed/ to attend the meeting/ with a complete presentation/ was because he was unwell./ No error

A) The reason why he failed B) to attend the meeting
C) with a complete presentation D) was because he was unwell.
 
Answer & Explanation Answer: D) was because he was unwell.

Explanation:

The group of words “the reason why" already indicates the reason. There is no need to use the word “because". The word connecting the two clauses should be “that".

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Q:

___ has naked seeds.

A) Pinus B) Lemon
C) Carrot D) Wheat
 
Answer & Explanation Answer: A) Pinus

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Q:

Which acid is secreted by certain glandular cells in the stomach lining?

A) Hydrochloric  B) Ethanoic
C) Formic D) Nitric
 
Answer & Explanation Answer: A) Hydrochloric 

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Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive D) When total utility is maximum,marginal and average utility are equal to each other.
 
Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: A) Inferior goods

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