Questions

Q:

A price floor is _____.

A) a maximum legal price B) a minimum legal price
C) the price where demand equals supply D) the price where elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: B) a minimum legal price

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Q:

In perfect competition _____.

A) Products can be similar or different B) Producer can control price by controlling production
C) Demand curve is perfectly elastic D) All firms make economic profit in the long run
 
Answer & Explanation Answer: C) Demand curve is perfectly elastic

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Q:

India implemented the GST (Goods and Service Tax) from which month of 2017?

A) January B) March
C) July D) September
 
Answer & Explanation Answer: C) July

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Q:

Look at the underlined part of each sentence. Below each sentence are given three possible substitutions for the underlined part. If one of them (a), (b) or (c) is better than the underlined part, indicate your response on the Answer Sheet against the corresponding letter. If none of the substitutions imporves the sentence, indicate (d) as your response on the Answer Sheet.

I was living in Chennai for ten years when I was a child.

A) had lived B) lived
C) had been living D) No improvement
 
Answer & Explanation Answer: A) had lived

Explanation:

The event of living in Chennai is over long back, hence the sentence is in past perfect tense. ‘had lived’ will be the correct expression.

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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph

People used to preserve

A-companionship in absentia
B-letters for years as these humble pieces
C-of paper afforded

A) BAC B) BCA
C) ACB D) ABC
 
Answer & Explanation Answer: B) BCA

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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'.
Not only did they offer him (1)/ good salary but provided (2)/ him with a beautiful bungalow. (3)/ No Error (4)

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

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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'.

 

On the one hand, life seems transient like a dewdrop (1)/ and on the other hand, it is permanent (2)/ with the potential for eternal continuity. (3)/ No error (4)

 

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

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

 

It is a colourful event and everyone (have) a great time.

 

A) is having B) haves
C) to have D) no improvement
 
Answer & Explanation Answer: A) is having

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