Questions

Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers B) Income of consumers remains constant
C) Consumers are affected by demonstration effect D) There are no changes in the price of substitute goods.
 
Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Q:

Rate of the growth of an economy is measured in terms of

A) National income B) Monthly family income
C) Number of people who have been lifted above the poverty line D) Industrial Development
 
Answer & Explanation Answer: A) National income

Explanation:
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Q:

Which country hosted the FIFA Under 17 (U-17) World Cup in 2017?

A) Brazil B) Spain
C) England D) India
 
Answer & Explanation Answer: D) India

Explanation:
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Q:

An exterior angle of a triangle is 115 deg and one of the interior opposite angle is 45 deg. Then the other two angles are

A) 65, 70 B) 60, 75
C) 70, 60 D) 55, 60
 
Answer & Explanation Answer: A) 65, 70

Explanation:
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Q:

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.

He told me, "Your train will leave if you do not go at once."

A) He told me that his train will leave if he did not go at once. B) He told me that my train will leave if I do not go at that moment.
C) He told me that his train would leave if he did not go that moment. D) He told me that my train would leave if I did not go that moment.
 
Answer & Explanation Answer: D) He told me that my train would leave if I did not go that moment.

Explanation:
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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 digestive system produces an assimilable, (1)/ nutrient-rich liquid that builds and (2)/ nourish our first body tissue, plasma. (3)/ No error

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

Explanation:
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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: We can not only see the beauty of nature in the form of floral and faunal diversity, but can also experience peace in the sylvan surroundings.
Q: A dense collection of trees, plants and other vegetation makes up a forest.
R: Forests are home to a great variety of wildlife such as animals, birds, reptiles and insects.
S: Forests are beautiful natural settings where we can go and experience nature in its splendid expression.

A) QRSP B) PQRS
C) QSRP D) SRPQ
 
Answer & Explanation Answer: C) QSRP

Explanation:
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Q:

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

Sunita will bake two dozen cupcakes for the bake sale.

A) For the bake sale, two dozen cookies will be baked by Sunita. B) For the bake sale, two dozen cookies is baked by Sunita.
C) Baking of two dozen cookies by Sunita will be done for the bake sale. D) Baking of two dozen cookies by Sunita is done for the bake sale.
 
Answer & Explanation Answer: A) For the bake sale, two dozen cookies will be baked by Sunita.

Explanation:
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