Questions

Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers B) Income of consumers remains constant
C) Consumers are affected by demonstration effect D) There are no changes in the price of substitute goods.
 
Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Q:

Which of the following type of medicine is used to treat indigestion?

A) Sulpha drug B) Antihistamine
C) Antibiotic D) Antacid
 
Answer & Explanation Answer: D) Antacid

Explanation:
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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.

 

Photography is the _____________ we can get to stopping time. The camera is our pause button, the cork we use to stop time from running out. And the photo album is the most potent time machine ever ____________, one that transports you to a curated past where everything exists ________ you choose to remember it,one that lets you revisit ________ just people and places and ages, but the hidden crannies of ________ own memory and the strange landscape of emotions that lies beyond.

 

but the hidden crannies of ________ own memory and

A) your B) you
C) yourself D) yourselves
 
Answer & Explanation Answer: C) yourself

Explanation:
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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.

The ______________ of gurudakshina is very ancient and it is ________________ to the Indian culture and tradition. If you are absolutely ______________ about India, then it's advisable that you first try to understand the meaning of a guru and the ________________ of his presence in the lives of those around him. This, in turn, will help you to understand what guru dakshina is. In ancient India, a teacher or a guru was a spiritually _____________ guide.


The ______________ of gurudakshina is very ancient

A) habit B) approach
C) perception D) concept
 
Answer & Explanation Answer: D) concept

Explanation:
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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the button corresponding to it. If the sentence is free from error, click the “No error” option.

Science and technology and (A) / their fallouts do not (B) / complete human culture (C) / No error (D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: B) B

Explanation:
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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the button corresponding to it. If the sentence is free from error, click the "No error" option.

As if aware of my condition (A) / the infuriated bird suddenly doubled back on its course (B) / and charged straight after me (C) / No error (D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: C) C

Explanation:
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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'.
My sister had a tough time (1)/removing the chewing gum that (2)/stuck with her hair.(3)/No Error (4)

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

Explanation:
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Q:

In the following question, from the given alternative words, select the word which cannot be formed using the letters of the given word.
Improvement

A) Rope B) Trim
C) Important D) Prove
 
Answer & Explanation Answer: C) Important

Explanation:
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