Questions

Q:

Which of the following is not true regard to Goods and Services Tax (GST) ?

A) It will replace luxury tax B) It is a direct tax
C) It will replace multiple taxes on a product or service D) It is an indirect tax
 
Answer & Explanation Answer: B) It is a direct tax

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Q:

Find arc elasticity of demand, if quantity demanded falls from 4600 to 4200 when price of the item is increased from Rs 960 to Rs 1000?

A) -2.23 B) -­2.09
C) 2.23 D) 2.09
 
Answer & Explanation Answer: A) -2.23

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Q:

If demand curve for trekking boots is D = 67500 - 18P and supply curve is S = 22500 + 12P, find the equilibrium Price?

A) 1500 B) 750
C) 2250 D) 500
 
Answer & Explanation Answer: A) 1500

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Q:

The word development in economics pertains to

A) democratic countries B) third world countries
C) advanced countries D) undeveloped countries
 
Answer & Explanation Answer: B) third world countries

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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'.

These five sisters (1)/ care for one other (2)/ like mothers. (3)/ No Error (4)/

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

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Q:

There is certain relationship between two given words on one side of : : and one word is given on another side of : : while another word is to be found from the given alternatives, having the same relation with this word as the given pair has. Select the best alternatives/ relationship.

Firm : Flabby :: Piquant : ?

A) Salty B) Pleasant
C) Bland D) Smell
 
Answer & Explanation Answer: C) Bland

Explanation:
Both words Firm : Flabby are opposite in meaning.
Similarly, Piquant means pleasantly sharp taste, spicy. Bland means tasteless. Both are also opposite in meaning.
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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

One who is honourably discharged from service

A) Belligerent B) Emeritus
C) Truant D) Mercenary
 
Answer & Explanation Answer: B) Emeritus

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Q:

Which of the following is an excretory organ of cockroach?

A) Malphigian Tubules B) Nephridia
C) Coxal Gland D) Green Gland
 
Answer & Explanation Answer: A) Malphigian Tubules

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