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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:

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

Explanation:
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Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: D) decrease; increase

Explanation:
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Q:

In a cut motion, when the amount of demand is reduced by Rs 100/­ , it is known as

A) Disapproval of policy cut B) Economy cut
C) Vote on Account D) Token cut
 
Answer & Explanation Answer: D) Token cut

Explanation:
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Q:

What is a bank rate?

A) Rate at which Central bank of a country advances loans to other banks in the country B) Rate at which banks advance loans to the customers
C) Rate at which banks lend among themselves D) Rate at which banks lend to money lenders
 
Answer & Explanation Answer: A) Rate at which Central bank of a country advances loans to other banks in the country

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Q:

15% of an alloy was silver. If in a quantity of alloy there was 51 g of silver, what was the quantity of the other elements in the alloy?

A) 204 g B) 340 g
C) 300 g D) 289 g
 
Answer & Explanation Answer: D) 289 g

Explanation:
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Q:

Who was the Governor-General of India duringthe‘Sepoy Mutiny’?

A) Lord Dalhousie B) Lord Harding
C) Lord Canning D) Lord Lytton
 
Answer & Explanation Answer: C) Lord Canning

Explanation:

Lord Canning (1856-1862) was the Governor-General during the mutiny of 1857 (India’s first war of independence). After war he was made first Viceroy of India.

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