Questions

____________ is the relationship between the variable input and output, keeping all other inputs are held constant.

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A manufacturer faces price elasticity of demand of a ­1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be _____.

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 asentence is free from error, select 'No Error'.

She picked (1)/ on the (2)/ trail soon after. (3)/ No error (4)

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

The music (soothe) me and I stroll on happily.

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 way criminal justice is designed and administered today _______________ serves any of the purposes for which it is set up: towards securing life and property. It does not ________________ criminals because of the delay and uncertainties involved in its processes and ridiculously ineffective punishments it imposes ____________________ those few who get convicted. It provides wide discretion to the police and the prosecution, __________________ the system vulnerable to corruption and manipulation and endangering basic ____________________ of innocent citizens.

today _______________ serves any of the purposes for which it is set up: towards securing life and property.

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

Discretion is the greater part of valour

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

Mind your language