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:

Which of the following type of medicine is used to treat indigestion?

A) Sulpha drug B) Antihistamine
C) Antibiotic D) Antacid
 
Answer & Explanation Answer: D) Antacid

Explanation:
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Q:

First established Indian Institute of Technology (IIT)?

A) IIT Bombay B) IIT Madras
C) IIT Delhi D) IIT Kharagpur
 
Answer & Explanation Answer: D) IIT Kharagpur

Explanation:
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Q:

According to Article 80 of Indian Constitution, Rajya Sabha can have a maximum strength of 250 members. Out of these 250 members how many are representatives of States and Union Territories?

 

A) 230 B) 236
C) 238 D) 242
 
Answer & Explanation Answer: C) 238

Explanation:
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Q:

What is the name of world’s first artificial intelligence politician developed by New Zealand?

A) NICK B) PAUL
C) SAM D) TOM
 
Answer & Explanation Answer: C) SAM

Explanation:
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Q:

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

 


When I think of my family's history on the land. I experience a pang of regret. Unlike much of the arid West, where the land has gone virtually unchanged for centuries, my place of origin, western Kansas, has been torn up by agriculture. The flat plains, excellent soil, and sparse but just adequate rainfall permitted farming; therefore farming prevailed, and a good 90% of the original sod prairie is gone. The consequence, in human terms, is that our relationship to our place has always felt primarily mercantile. We used the land and denied, or held at bay, its effect on us. Yet from my earliest childhood, when the most of the Kansas prairie was still intact, I 've known that the land also had a romantic quality. I've felt moved by the expanse of it , enthralled by size. I take pride in my identity as a plains daughter.

 

The argument in the paragraph is based primarily on :

A) facts of history and statistical studies. B)  facts derived from the author's personal observations.
C) feelings the author has picked up from personal experience. D) feeling passed down to the authors by ancestors.
 
Answer & Explanation Answer: C) feelings the author has picked up from personal experience.

Explanation:
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Q:

In the following question, out of the given four alternatives, select the one which best expresses the meaning of the given word.


Reprove

 

A) Praise   B) Laud  
C) Scold D) Commend
 
Answer & Explanation Answer: C) Scold

Explanation:
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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.

 

Worldwide, journalism and the news industry are struggling, in this digital age, to ________________ their relevance and value under profoundly changed and _________________ circumstances. In response ________________ the challenge, a strong view is forming within the profession that one way to ensure that the activities that __________________ journalism will continue to matter is to hone, strengthen, and develop its professional capabilities to perform certain __________________ tasks.

 

In response ________________ the challenge

 

A) to B) of
C) for D) about
 
Answer & Explanation Answer: A) to

Explanation:
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