Questions

Q:

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?

A) 80 units B) 90 units
C) 60 units D) 50 units
 
Answer & Explanation Answer: C) 60 units

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Q:

If demand curve for an electric tooth brush is D = 25000 -­ 7P and supply curve is S = 10000 + 8P, find the equilibrium Price?

A) Rs 150 B) Rs 1000
C) Rs 400 D) Rs 50
 
Answer & Explanation Answer: B) Rs 1000

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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 new claim that ______________ out of misplaced confidence that all that is in education can be ______________ is that the ‘per unit cost of outcome’ is lower in private schools. Meaning that even _________ the learning outcomes of private schools are not better _____________ the public schools, the cost _______________ running private schools is much lower.

 

Meaning that even _________ the learning outcomes of private schools

 

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

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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 very ___________________ of apologizing and forgiveness _________________ the importance of memory and the vitality of the community as a link between past, present and future. It ________________ the question of the responsibility ______________ the past and its injustices. Somehow for many politicians, the past is a different country for _________________ they have no responsibility.

 

the past is a different country for _________________ they have no responsibility.

 

A) that B) those
C) which D) whom
 
Answer & Explanation Answer: C) which

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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.

 

It is a delight _______________ the illuminating thoughts which came to the minds of these men; and, on the other hand, it is amusing to see how ________________ they launched ________________ on boundless seas when they were unprovided with chart and compass. They were _________ brilliant children, who know little of the dangers of the great world, but are ready to undertake anything. These philosophers regarded all knowledge as their province, and did __________ despair of governing so great a realm.

 

they launched ________________ on boundless seas when they were unprovided

 

A) them B) their
C) they D) themselves
 
Answer & Explanation Answer: D) themselves

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Q:

In the following question, four words are given out of which one word is correctly spelt. Select the correctly spelt word.

 

A) precariousely   B) precarriously
C) precarriousely   D) precariously
 
Answer & Explanation Answer: D) precariously

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Q:

ESPN annually ranks 100 of the most famous active sportspersons in the world to create the 'ESPN World Fame 100' list. Which Indian player had the highest ranking in this list in 2017?

A) Virat Kohli B) Viswanathan Anand
C) Sania Mirza D) MS Dhoni
 
Answer & Explanation Answer: A) Virat Kohli

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Q:

Which  one  of  the  following  indices  is  now used  by  the  Reserve  Bank  of  India  to measure the rate of inflation in India?

A) NASDAQ Index B) BSE Index
C) Consumer Price Index D) Wholesale Price Index
 
Answer & Explanation Answer: C) Consumer Price Index

Explanation:

The  Wholesale  Price  Index  (WPI) was  main  index  for  measurement of  inflation  in  India  till  April  2014 when  RBI  adopted  new  Consumer Price   Index   (CPI)   as   the   key measure of inflation.

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