Questions

Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3% B) 10%
C) 2.50% D) 7%
 
Answer & Explanation Answer: B) 10%

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Q:

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity?

A) 20000 B) 10000
C) 15000 D) 12000
 
Answer & Explanation Answer: A) 20000

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Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent B) 7.8 percent
C) 10.2 percent D) 10 percent
 
Answer & Explanation Answer: A) 7.5 percent

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Q:

In India, which of the following is regulated by the Forward Markets Commission?

A) Currency Futures Trading B) Commodities Futures Trading
C) Equity Futures Trading D) Both Commodities Futures and Financial Futures Trading
 
Answer & Explanation Answer: B) Commodities Futures Trading

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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.
He had kept up his training regimen for a month.

A) Keeping up the training regimen had been done by him for a month. B) For a month he has had been keeping his training regimen.
C) He is training and this has been kept for a month. D) His training regimen had been kept up by him for a month.
 
Answer & Explanation Answer: D) His training regimen had been kept up by him for a month.

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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.

In view of last year's H1N1 attack and prevailing ________________ weather conditions, the health department officials _______________ that the virus will turn more active by January end. In-charge, Integrated Disease ________________ Programme (IDSP), Dr Shah, said, "Virus is still active, but not in a major way. In coming months, it is likely to become more active. Last year too, virus had claimed lives in January and February. Therefore, we are _____________ as coming months might _________________ a challenge."


Therefore, we are _____________

A) vigilant B) open to
C) on toes D) impulsive
 
Answer & Explanation Answer: A) vigilant

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Q:

In the following question, sentence given with blank to be filled in with an appropriate word(s). Four alternatives are suggested for the question. Choose the correct alternative out of the four and indicate it by selecting the appropriate option.

 

The relation between the Indian P.M. and the U.S. President is perfectly ________ .

A) excellent B) smooth
C) informed D) cordial
 
Answer & Explanation Answer: D) cordial

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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'.

Together with empowerment, there has (1)/ to be a culture of personally accountability (2)/ so that everyone realizes the necessity of valuing commitment. (3)/ No error (4)

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

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