Questions

Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs B) price = average profit
C) price = marginal costs = minimum average total costs D) price = minimum average variable costs
 
Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Filed Under: Indian Economy
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Q:

If a country devalues its currency, its _______________

A) Exports become cheaper and imports become costlier B) Exports become costlier and imports become cheaper.
C) Exports value is equivalent to imports value D) No effect on exports and imports
 
Answer & Explanation Answer: A) Exports become cheaper and imports become costlier

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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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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 proverbial ___________, that every one makes his own destiny; and __________ is usually interpreted, that every one, by his wise ______ unwise conduct, preparesgood or evil for himself: but we may also understand it, that whatever it be that he receives _________ the hand of Providence, he may so accommodate __________ toit, that he will find his lot good for him, however much may seem to others to be wanting.

 

so accommodate __________ to it, that he

 

 

A) he B) his
C) himself D) him
 
Answer & Explanation Answer: C) himself

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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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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.

 

Be in the red

 

A) Be the top performer B) To be in a loss or debt
C) Be in the list of people who are never invited D) Be in the bad books of a person
 
Answer & Explanation Answer: B) To be in a loss or debt

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Filed Under: English
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Q:

In the following question, a word has been written in four different ways out of which only one is correctly spelt. Select the correctly spelt word.

 

A) Apeareance B) Appearrance
C) Appearence D) Appearance
 
Answer & Explanation Answer: D) Appearance

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Filed Under: English
Exam Prep: Bank Exams

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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 news has always ____________ predicated on informing the consumer. It speaks of — apart from the day’s most ____________ upheavals — the best and the worst that _____________ has managed to accomplish each day. This includes the medal-winners, the laureates, the record-breakers, the deal-makers _________the criminals, the villains, the corrupt. The news regales us ________ the highlights, a reel of the most provoking ones that made it into a window of a half-an-hour.

 

the worst that _____________ has managed to accomplish

 

A) humanity B) human
C) humane D) humanly
 
Answer & Explanation Answer: A) humanity

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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 thefour alternatives.


One who has witnessed a debate ______ argument between two men _____________ strong intellectually, one of whom is a trained logician and the other lacking this advantage, will never forget the impression produced _________ him by the unequal struggle. The conflict is like that of a ____________ wrestler, untrained in the little tricks and turns of the science, in the various principles of applying force in a certain way at a certain time, at a certain place, with a __________ and experienced wrestler.


witnessed a debate ______ argument between

 

A) of B) or
C) but D)  so
 
Answer & Explanation Answer: B) or

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Filed Under: English
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