Questions

Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist B) Socialist
C) Mixed D) Both Capitalist and Socialist
 
Answer & Explanation Answer: A) Capitalist

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Q:

__________ resources are those resources whose quantity is known.

A) Natural resources B) Actual resources
C) Potential resources D) Abiotic resources
 
Answer & Explanation Answer: B) Actual resources

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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:

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:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) Tell him to take B) another photograph
C) of the group D) No error
 
Answer & Explanation Answer: A) Tell him to take

Explanation:

The error is in first part. ‘Tell’ should be replaced with ‘Ask’. Tell is a command whereas Ask is a request and hence more courteous in this case. As this is a request the sentence should start with ‘Ask’ rather than ‘tell’.

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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 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 civilisation of Righteousness and __________, and therefore of Brotherhood, of ordered Liberty, of Peace, of __________, cannot be built up until the elements are removed ______________ have brought the old civilisation crashing about our ears. _________________ is it necessary that the War shall be fought out to its appointed end, and that _______________ premature peace shall leave its object unattained.

 

Righteousness and __________, and therefore of Brotherhood,

 

A) judge B) judgments
C) Justice D) Judiciary
 
Answer & Explanation Answer: C) Justice

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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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