Questions

Q:

A sentence has been given in Active/Passive Voice. Out of the four given alternatives, select the one which best expresses the same sentence inPassive/Active Voice.

The workers are building the house.

A) The house was being built by the workers. B) The house was built by the workers.
C) The house is built by the workers. D) The house is being built by the workers.
 
Answer & Explanation Answer: D) The house is being built by the workers.

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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. Ifa sentence is free from error, select 'No Error'.

A very first time I used the internet I was very intimidated, (1)/ and thought that anyone who could use (2)/ such an elaborate thing must be a genius. (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 passage some of the words have been left out. Read the passage carefully and choose the correct answer for the given blank out of the four alternatives.

 


The conditions ______ which democracy can _______ are _______ to ________ ; but one thing is _______ that democracy is always a slow growth, whereas dictators may _____ to ______ and _______ a new _______ with dramatic success, under _______ conditions.

 


whereas dictators may _____

 

A) rise B) jump
C) grow D) succeed
 
Answer & Explanation Answer: A) rise

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Q:

7 workers work in a printing press. Each gets paid Rs 450 per day. The 8th worker demands Rs 500 per day. If this worker is hired then all other workers must be paid Rs 500. The marginal resource (labour) cost of the 8th worker is _______.

A) Rs 50 B) Rs 850
C) Rs 400 D) Rs 100
 
Answer & Explanation Answer: B) Rs 850

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Q:

In a centrally planned economy, the ____________ plans all the important activities in the economy.

A) Industrialists B) Citizens
C) Government D) Judiciary
 
Answer & Explanation Answer: C) Government

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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

A) Rs 7200 B) Rs 9000
C) Rs 14400 D) Rs 19800
 
Answer & Explanation Answer: C) Rs 14400

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Q:

Macro economics deals with

A) the circular flow of income B) the decision making of a single economic variable like demand
C) resource allocation at firm level D) equilibrium prices and quantities
 
Answer & Explanation Answer: A) the circular flow of income

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