Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.

A) price exceeds its marginal costs B) price exceeds its average total costs
C) average variable costs exceed its average total costs D) fixed costs are zero
 
Answer & Explanation Answer: A) price exceeds its marginal costs

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Q:

Which of the following sets of taxes belongs to Central Government?

A) Excise duty, Sales tax and Custom duty B) Income tax, Custom duty and House tax
C) Excise duty, Custom duty and Income tax D) Custom duty, Entertainment tax and Income tax
 
Answer & Explanation Answer: C) Excise duty, Custom duty and Income tax

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Q:

The International Cricket Council (ICC), the international governing body of Cricket founded by 1909 by

A) International Cricket Conference B) International Cricket Council
C) Imperial Cricket Council D) Imperial Cricket Conference
 
Answer & Explanation Answer: D) Imperial Cricket Conference

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Q:

Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.

Awareness means the capacity to see a coffee pot and hear the birds sing in one's own way, and not the way one was taught. It may be assumed on good grounds that seeing and hearing have a different quality for infants than for grownups and that they are more aesthetic and less intellectual in the first years of life. A little boy sees and hears birds with delight. Then the 'good father' comes along and feels he should 'share' the experience and help his son 'develop'. He says, "That's a jay and this is a sparrow." The moment the little boy is concerned with which is a jay and which is a sparrow, he can no longer see the birds or hear them sing. He has to see and hear them the way his father wants him to. Father has good reasons on his side: since few people can afford to go through life listening to the birds sing, sooner the little boy starts his 'education' the better. Maybe he will be an ornithologist when he grows up.


How do children perceive things around them?

A) Aesthetically B) Intellectually
C) Emotionally D) Morally
 
Answer & Explanation Answer: A) Aesthetically

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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.

"Jim Crow" shuns the mountains for reasons satisfactory to himself; not so the magpie, the raven, and __________ mischief-maker, Clark's nutcracker. All of which keeps the bird-lover from the East in an ecstasy of surprises until he has _____________ accustomed to his changed environment. One cannot help ___________ into the speculative mood in view of the sharp contrasts ______________ the birds of the East and _________ of the West.


One cannot help ___________ into the speculative mood

A) to fall B) fallen
C) falling D) fell
 
Answer & Explanation Answer: C) falling

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: While it is good to see SEBI taking a serious view of leaks and initiating suo motu action, bringing the perpetrators to book through such old-fashioned methods 0may be an uphill task.
Q: But recent episodes of suspected insider trading through WhatsApp groups, in which analysts shared prescient tip-offs about upcoming results for top listed companies, reveals that the framework remains porous.
R: The Ministry of Corporate Affairs and the Securities Exchange Board of India (SEBI) have lately redoubled their efforts to put in place a water-tight governance framework for listed firms.
S: Initiating a probe into this episode, SEBI has interrogated analysts, conducted raids on stock brokers and deployed search-and-seizure powers to confiscate laptops and mobile phones.

A) RQSP B) QSPR
C) SPQR D) PRQS
 
Answer & Explanation Answer: A) RQSP

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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 said to you,"He should not be trusted."

 

A) I said to you do not trust him. B) I told you that he cannot be trusted.
C) I told you he shall not be trusted. D) I told you that he should not be trusted.
 
Answer & Explanation Answer: D) I told you that he should not be trusted.

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