Questions

Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores B) Rs 43.5 crores
C) Rs 76.5 crores D) Rs 78.5 crores
 
Answer & Explanation Answer: D) Rs 78.5 crores

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Q:

If quantity of good X demanded increases from 4000 units to 5000 units when price of good Y increases from Rs 75 to Rs 90, find Arc Cross elasticity of demand?

A) 0.55 B) 1.66
C) 0.25 D) 1.22
 
Answer & Explanation Answer: D) 1.22

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Q:

Madhubani painting style is native to which state?

A) Orissa B) Andhra Pradesh
C) Bihar D) Madhya Pradesh
 
Answer & Explanation Answer: C) Bihar

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Q:

In the following question, out of the given four alternatives, select the one which is opposite in meaning of the given word.

 

Ostracise

 

A) Embrace   B) Exile  
C) Avoid   D) Deport
 
Answer & Explanation Answer: A) Embrace  

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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.

 

Irony. __________________word captures our response to the ongoing nationwide drought in more ways than one. We have woken _________ the reality of drought a full six months after the end of monsoon. After waking up, we focus ____________ the drinking water __________ in urban centres and not the multidimensional crisis of life and livelihood in _______________ hinterland.

 

Irony. __________________word captures our response to the ongoing nationwide drought

 

A) This one B) That one
C) One D) A
 
Answer & Explanation Answer: A) This one

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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.

 

All of us have admired some writers, ______________ their work over that of others for their writing style as much as for the content of their work. ____________ writer who has, for more than half a century, _______________ for his searing honesty is George Orwell. He is recondite, but he is never ________________. He says it as it is and yet says it as it has not been said ____________.

 

He says it as it is and yet says it as it has not been said ____________.

 

A) after B) later
C) before D) since
 
Answer & Explanation Answer: C) before

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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'.

 

Population decline, counter-urbanisation, invasion, and (1)/ movement of people, which had begun in Late (2)/ Antiquity, continued in the Early Middle Ages. (3)/ No error (4)

 

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

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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.


Targeting inflation comes from a belief that policy should be _________ and transparent, so that the private sector can factor this ___________ their decision-making. The question that this ________ is: are there more "complicated" policies which _________ better? I just note that one such policy is called "nominal income targeting". _____________ it is more complicated and the private sector is deemed to be intellectually challenged.

are there more "complicated" policies which _________ better?

 

A) have been B) will be
C) were D) are
 
Answer & Explanation Answer: D) are

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