Questions

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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Filed Under: Indian Economy
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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.

 

Widespread liberalization of the economic ________________ regime was long overdue in 1991, and has played a positive role since, but its impact has ________________ its course and the policy has recognisable ___________________. Liberalization cannot address all aspects of the man­made environment and now climate change ________________ to change everything forever. We do not have another quarter century to deal ___________ these imperatives.

 

the policy has recognisable ___________________.

 

A) limits B) constraint
C) considerations D) fault
 
Answer & Explanation Answer: A) limits

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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'.

A rainbow is cause by reflection, refraction, and dispersion (1)/ of light among water droplets resulting in a (2)/ spectrum of light appearing in the sky. (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 select the correct answer for the given blank out of the four alternatives.

 

If there is a subject of really ______________ interest and utility, it is the art of writing and speaking one's own language ___________. It is the basis of culture, as we all know; but it is infinitely more _________ that, it is the basis of business. ___________ salesman can sell anything unless he can explain the merits of his goods in effective language, or can write ___________ advertisement equally effective, or present his ideas, and the facts, in a letter.

 

can write ___________ advertisement equally

 

A) a B) an
C) the D) it  
 
Answer & Explanation Answer: B) an

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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'.

 

“Our focus is to develop and nurture a democratic (1)/ and accommodative space/platform wherever we go, (2)/ so that all kind of arts can flourish. (3)/ No error (4)

 

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

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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.

 

These terms imply two different distinct functions of the human mind. The active function _______________ the volitional, voluntary thinking. It is the conscious focusing of the mind _________ some mental problem. Banishing ________ the mind all thoughts and ideas _______ in harmony with your special subject of study implies Active Mentation. This function is used _________ the active, wide-awake man in his busy and energetic moments.

 

The active function _______________ the volitional,

 

A) performs B) perform
C) performing D) performed
 
Answer & Explanation Answer: A) performs

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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.

 

It is a delight _______________ the illuminating thoughts which came to the minds of these men; and, on the other hand, it is amusing to see how ________________ they launched ________________ on boundless seas when they were unprovided with chart and compass. They were _________ brilliant children, who know little of the dangers of the great world, but are ready to undertake anything. These philosophers regarded all knowledge as their province, and did __________ despair of governing so great a realm.

 

it is amusing to see how ________________ they launched

 

A) reckless B) recklessness
C) recklessly D) reckful
 
Answer & Explanation Answer: C) recklessly

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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.

 

The new claim that ______________ out of misplaced confidence that all that is in education can be ______________ is that the ‘per unit cost of outcome’ is lower in private schools. Meaning that even _________ the learning outcomes of private schools are not better _____________ the public schools, the cost _______________ running private schools is much lower.

 

better _____________ the public schools

 

A) then B) than
C) to D) as
 
Answer & Explanation Answer: B) than

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