Questions

Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

A) Perfect Competition B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: B) Monopoly

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Q:

If a person's income increases from Rs. 10 lakhs per year to Rs. 11 lakhs per year and tax increases from Rs. 80,000 to Rs. 92,500 the marginal tax rate is

A) 12.50% B) 8%
C) 10% D) 15%
 
Answer & Explanation Answer: A) 12.50%

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Q:

The SLR is determined by the RBI. SLR stands for

A) States Leverage Return B) Savings Lease Rate
C) Statutory Liquidity Ratio D) Safe Legal Range
 
Answer & Explanation Answer: C) Statutory Liquidity Ratio

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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 appropriateoption. If a sentence is free from error, select 'No error'.

These kind of clothes (1)/ are rather expensive (2)/ for me to buy. (3)/ No Error (4)

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

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

 

She said to her friend, "What can I do to help you?"

 

A) She asked her friend that what she can do to help her. B) She asked her friend what she could do to help her.
C) She asks her friend what is that she could do to help her. D) She asks her friend what she can do for helping her.
 
Answer & Explanation Answer: B) She asked her friend what she could do to help her.

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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 obviously wrong as the cost of school uniform, books and stationery, and transport, ________ all are under the monopoly of the school, are not included. ______________ private schools want additional money for special occasions like festivals, picnics, ______________ and projects. And they often recommend tuition for the children. None of this ______________ in this cost calculation. However, the family __________ this burden and these items add significantly to the revenue of private schools.

 

______________ private schools want additional money

 

A) Occasionally B) Randomly
C) Rarely D) Mostly
 
Answer & Explanation Answer: A) Occasionally

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Q:

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

 

A diamond in the rough

 

A) Someone or something with potential or talent but lacking training or polish B) A person who dresses shabbily
C) A diamond will shine out even when it is not polished. D) A person of character will shine through even in tough times.
 
Answer & Explanation Answer: A) Someone or something with potential or talent but lacking training or polish

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one, which best express the same sentence in Indirect/Direct speech.

 

"I don't know the way. Do you?" Vipul asked.

 

A) Vipul said he didn't know the way and asked her if she did. B) Vipul said he didn't knew the way and asked her if she did.
C) Vipul said he didn't knew the way and asked her whether she did. D) Vipul said that he didn't know the way and asked her if she did.
 
Answer & Explanation Answer: A) Vipul said he didn't know the way and asked her if she did.

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