Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

In general, elasticity is a measure of

A) how firms' profits respond to changes in market prices.  B) the extent to which advances in technology are adopted by producers.
C) how much buyers and sellers respond to changes in market conditions. D) the extent to which a market is competitive. 
 
Answer & Explanation Answer: C) how much buyers and sellers respond to changes in market conditions.

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Q:

A sentence has been given in Direct/Indirect Speech. Out of the four given alternatives, select the one which best expresses the same sentence in Indirect/Direct Speech.

 

The visitor enquired, “When is the next train?”

 

 

A) The visitor enquired about the next train.   B) The visitor enquired when the next train was.  
C) The visitor asked when is the next train.   D) The visitor was interested in the next train.
 
Answer & Explanation Answer: B) The visitor enquired when the next train was.  

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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'.

 

Saving water and ensuring that our stocks of water (1)/ are fair distributed to everyone who needs them, (2)/ is absolutely crucial for keeping us alive. (3)/ No error(4)

 

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

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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".

 

By then running water and electricity (had arrive), making the well and the lamp post redundant.

 

A) had arriving   B) had arrived  
C) arriving   D) no improvement
 
Answer & Explanation Answer: B) had arrived  

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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.

 

We need to ask ourselves

 

A-if personal isolation is a

B-natural concomitant of the

C-advancement of technology

 

A) ABC   B) CBA
C) CAB   D) BCA
 
Answer & Explanation Answer: A) ABC  

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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.

 

We also need to work towards a re-engineering of procedures. It __________________ that fear of being scrutinised by the office of the Central Vigilance Commissioner has _________________ loan officers in the public sector into inaction. It is _______________ no use having a publicly-owned banking ___________ that does not extend credit to sound projects on grounds of __________________ scrutiny.

 

sound projects on grounds of __________________ scrutiny.

 

A) pensive B) retrospective
C) reflective D) contemplative
 
Answer & Explanation Answer: B) retrospective

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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.

 

There is a barrier among the egghead and (1)/ the hoipolloi and it would be lazy (2)/ idealism to ignore it. (3)/ No error (4)

 

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

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