Questions

Q:

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

 


Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers.

 

Price-fixing is a phenomenon that is normal in -

A) agricultural societies B) industrialized societies
C) pre-industrial societies D) globalised societies
 
Answer & Explanation Answer: B) industrialized societies

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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 me, "Will you be coming to the party, tomorrow?"

A) She asked me if I would be going to the party the day after tomorrow. B) She asked me if I will be going to the party the following day.
C) She asked me if I will be going to the party the day after tomorrow. D) She asked me if I would be going to the party the following day.
 
Answer & Explanation Answer: D) She asked me if I would be going to the party the following day.

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Q:

In the following questions, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

Children need to be taught the importance of hygiene early on so that it becomes a _____. Children are the most _____ to hygiene-related disorders like skin issues, rashes, infections, wounds, etc. Teach them early on about what to _____. Teach them that taking a few _____ measures to prevent infections and diseases is _____.

Teach them early on about what to _____.

A) avoid B) read
C) right D)  learn
 
Answer & Explanation Answer: A) avoid

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Q:

Choose the one which is different or odd from the following.

A) Aluminium B) Iron
C) Copper D) Brass
 
Answer & Explanation Answer: D) Brass

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Filed Under: Chemistry
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Q:

National Income refers to ___________

A) money value of goods and services produced in a country during a year  B) money value of stocks and shares of a country during a year
C) money value of capital goods produced by a country during a year D) money value of consumer goods and services produced in a country during a year 
 
Answer & Explanation Answer: A) money value of goods and services produced in a country during a year 

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Q:

Goods whose demand is proportional to price are called

A) inferior goods B) Veblen goods
C) normal goods D) exclusive goods
 
Answer & Explanation Answer: B) Veblen goods

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Q:

Which colour is formed when Red and Green are mixed?

A) Light blue B) Yellow
C) White D) Grey
 
Answer & Explanation Answer: B) Yellow

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Filed Under: General Science
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Q:

India signed an MoU with which country for strengtheningcooperation in the field of Tourism?

A) Tajikistan B) Turkmenistan
C) Uzbekistan D) Kyrgyzstan
 
Answer & Explanation Answer: D) Kyrgyzstan

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Filed Under: Indian Politics
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