Questions

Q:

Which of the following is done at a Stock Exchange ?

A) Commodities are bought and sold at wholesale price B) Commodities are bought and sold at retail price
C) Securities are bought and sold D) None of these
 
Answer & Explanation Answer: C) Securities are bought and sold

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Q:

A ceramic pottery unit hires 8 craftsmen by paying each of them Rs 900 per day. The 9th craftsman demands Rs 950 per day. If this craftsman is hired then all other craftsmen must be paid Rs 950. The marginal resource (labour) cost of the 9th craftsman is _________.

A) Rs 1530 B) Rs 1050
C) Rs 50 D) Rs 1350
 
Answer & Explanation Answer: D) Rs 1350

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Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic B) indifferent
C) market demand D) diminishing
 
Answer & Explanation Answer: C) market demand

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Q:

Insure payment of minimum wages for tea leave pickers

A) will improve quality of tea. B) will reduce unemployment of tea leave pickers.
C) decreases unemployment. D) will increase picking cost for all tea companies.
 
Answer & Explanation Answer: D) will increase picking cost for all tea companies.

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Q:

In the following items, each passage consists of six sentences. The first and the sixth sentence are given in the beginning as S1 and S6. The middle four sentences in each have been removed and jumbled up. These are labeled P, Q, R and S. You are required to find out the proper sequence of the four sentences and mark your response accordingly on the Answer Sheet.

S1 :A single device can heat fluids without requiring an electrical element.
S6:Because there is no electrical element, there is no risk of fire, so the system is suitable for dangerous environments.
P:A heat exchanger transfers heat from the central cavity to an air heater, a water heater or an industrial processor.
Q:It has a container like the crank case of a car’s engine, which contains the fluid to be heated.
R:Compression and friction at the nozzles heat the fluid so that the temperature in the central cavity rises steadily.
S:A motor and pulley insidethe container turn a rotor wheel, which in turn forces the fluid again and again through narrow nozzles into a central cavity.

The proper sequence should be 

A) R P S Q B) S P Q R
C) Q S R P D) S R P Q
 
Answer & Explanation Answer: C) Q S R P

Explanation:

The starting statement is talking about a device which can heat fluid without electrical element. The continuing statement would be talking about the shape of the device i.e. the container which contains the fluid. Thus, Q will be the connecting statement. So, Q being the first statement eliminates all other options. Thus, the correct sequence is QSRP.

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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'.

 

All the (1)/ furnitures also (2)/ burn down by the fire. (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 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.

 

Our reputation and image is most definitely determined by our ______. Also our ______ tend to be habit forming, in that we have a ______ to act in a particular manner. Hence most people are ______ by their deeds and seem to have little control over their actions. We usually act according to or in response to our surroundings-our circumstances and the environment which to a great extent ______ our priorities and objectives.

 

is most definitely determined by our ______.

 

A) deeds B) needs
C) creed D) breed
 
Answer & Explanation Answer: A) deeds

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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.

 

This argument is completely ______________ and shows very little understanding ____________ education. The costs quoted for private schools, one, have no reliable source of data and, ______________, they discount two kinds of hidden costs — to the family and _____________ the nation. Often the cost of education in private schools is _________________ with the fee per child.

 

one, have no reliable source of data and, ______________, they discount two kinds of hidden costs

 

A) twice B) both
C) two D) secondly
 
Answer & Explanation Answer: C) two

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