Questions

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers.

Selling a commodity at a price that is not more than that charged by competitors is -

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.

India has already made _________________ concessions to enable a consensus and successful outcome at Paris. Now it must ensure that it is not caught in a relentless ________________ process where each concession becomes an argument for making the next one. The post-Paris negotiations will determine more ____________ the shape of the climate change architecture for the next several decades. We _______________ ensure that India’s vital interests are safeguarded and the principle ____________ equity and equitable burden-sharing is reflected across this architecture.

India has already made _________________ concessions to enable a consensus

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.

All of us have admired some writers, ______________ their work over that of others for their writing style as much as for the content of their work. ____________ writer who has, for more than half a century, _______________ for his searing honesty is George Orwell. He is recondite, but he is never ________________. He says it as it is and yet says it as it has not been said ____________.

He says it as it is and yet says it as it has not been said ____________.

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.

We get sleepy and wake up, become hungry and thirsty at certain hours, ____________ force of habit. We form the habit of liking a certain chair, or nook, or corner, or path, or desk, and __________ seek this to the exclusion of all others. We ______________ use a particular pitch of voice and type of enunciation in speaking, and this becomes one of our characteristic marks; or we _________ the habit of using barbarisms or solecisms of language in __________, and these cling to us and become an inseparable part of us later in life.

In which state is the valley of Flowers National park situated?

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’.

Critics of television often (1)/ focus on the prevalent of (2)/ violence in today’s programmes. (3)/ No error (4)

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

My friend said to me, "I am willing to help you on a condition."

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?