Questions

Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to 

A) improve B) diminish
C) remain constant D) first diminish and then improve
 
Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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Q:

"The General Equilibrium Analysis" was developed by

A) Marshall B) Ricardo
C) Walras D) Adam Smith
 
Answer & Explanation Answer: C) Walras

Explanation:
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Q:

In 2015, the nominal rate of interest in a country was 8% and the inflation rate then was 2.5%. So real rate of interest in 2015 was

A) 3.2 percent B) 10.5 percent
C) 8 percent D) 5.5 percent
 
Answer & Explanation Answer: D) 5.5 percent

Explanation:
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Q:

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

Omkar generously donated money to the orphanage.

A) Money was generously donated to the orphanage by Omkar. B) Money is generously donated to the orphanage by Omkar.
C) Donating of the money generously was done by Omkar. D) Donating of the money generously is done by Omkar.
 
Answer & Explanation Answer: A) Money was generously donated to the orphanage by Omkar.

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.

Most __________________ of all to the rambler on avian lore intent is the fact that there are many species and genera that are peculiar to the West, and ______________ new to him, keeping him constantly on the 'qui vive'. _____________ Colorado you will look in vain for the common blue jay, so abundant in all parts of the East; but you will be more _______________ compensated by the presence of seven other species _____________ the jay household.


West, and ______________ new to him, keeping him constantly on the 'qui vive'.

A) therefore B) because
C) if D) for
 
Answer & Explanation Answer: A) therefore

Explanation:
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Q:

A sentence/a part of the sentence is underlined. Four alternatives are given to the underlined part which will improve the sentence. Choose the correct alternative and click the button corresponding to it. In case no improvement is needed, click the button corresponding to "No improvement".

The employees are hell bent at getting what is due to them.

A) hell bent on getting B) hell bent for getting
C) hell bent about getting D) No improvement
 
Answer & Explanation Answer: A) hell bent on getting

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'.

 

You have been working very hard (A)/ for the past two years.(B)/ isn't it? (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 the 1st and the last part of the sentence/passage are numbered 1 and 6. The rest of the sentence/ passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct.

 

1. Why should I tell you again and again?
P. They know what they have to do.
Q. Don't you know your duties?
R. Only you require to be told.
S. Other students need not be told.
6. I will not tolerate this anymore.

A) QSPR B) QRPS
C) SPRQ D) QPSR
 
Answer & Explanation Answer: A) QSPR

Explanation:
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