Questions

Q:

The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?

A) Macroeconomics B) Econometrics
C) Microeconomics D) Heterodox Economics
 
Answer & Explanation Answer: C) Microeconomics

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Filed Under: Indian Economy
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Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

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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.


Go north-east across the mountains till you will reach an island.

A) reached B) reach
C) have reached D) No improvement
 
Answer & Explanation Answer: B) reach

Explanation:

The use of will is redundant. The main verb is ‘Go’, till you reach is used to denote time. Further, the event will be completed in future but both other options are in past tense.

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Filed Under: English
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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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Filed Under: English
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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 

In the same boat

 

A) When the option that you have is equally bad as the situation you are in. B) Life like the river throws the same challenges for all boats.
C) Be in the same difficult circumstances as others. D) Big and small boats suffer the same fate in a storm.
 
Answer & Explanation Answer: C) Be in the same difficult circumstances as others.

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

When bad things happen to good people they become ______ not worse.

 

A) authentic B) unrealistic
C) better D) ideal
 
Answer & Explanation Answer: C) better

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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".

 

We lost our self-confidence and pride when the marks (were read) out in class.

 

A) is read B) was read
C) were reading D) no improvement
 
Answer & Explanation Answer: D) no improvement

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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'.

 

The stadium was full(A)/of spectators(B)/from one end to other.(C)/No error(D)

 

A) A B) B
C) C D) D
 
Answer & Explanation Answer: C) C

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