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Q:

Which of the following is not an assumption of perfect competition?

A) There are many buyers and sellers B) Average total costs continually decrease.
C) The good sold by all sellers in the market is assumed to be homogeneous. D) Buyers and sellers in the market are assumed to have perfect information.
 
Answer & Explanation Answer: B) Average total costs continually decrease.

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Filed Under: Indian Economy
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Q:

In perfect competition _____.

A) Products can be similar or different B) Producer can control price by controlling production
C) Demand curve is perfectly elastic D) All firms make economic profit in the long run
 
Answer & Explanation Answer: C) Demand curve is perfectly elastic

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Q:

The demand curve _____.

A) shows that as the price of a good increases, demand for the good will increase B) shows that as the price of a good increases, demand for the good will decrease
C) has a positive gradient D) indicates that there is a direct relationship between quantity demanded and price
 
Answer & Explanation Answer: B) shows that as the price of a good increases, demand for the good will decrease

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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'.

 

Your motivational speech(A)/has had the tremendous(B)/effect on my students.(C)/No error(D)

 

A) A B) B
C) C D) D
 
Answer & Explanation Answer: B) B

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Filed Under: English
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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'.

 

The fire in the (1)/ chemistry lab was (2)/ difficult to put off. (3)/ No error (4)

 

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

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Q:

A sentence has been given in Active/Passive Voice.  Out of the four given alternatives, select the one which best expresses the same sentence in Passive/Active Voice.

 

The rascal cheated him out of his money.

 

A) His money was cheated out by the rascal. B) He was cheated out of his money by the rascal.
C) He was cheated out of money by the rascal. D) Money was cheated by the rascal of him.
 
Answer & Explanation Answer: B) He was cheated out of his money by the rascal.

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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".

 

Environmental care (had slowly regressing) to the back of our daily requirements

 

A) is slowly regressing   B) were slowly regressing
C) are slowly regress D) no improvement
 
Answer & Explanation Answer: A) is slowly regressing  

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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.

 

A police constable arrested the burglar just before dawn.

 

A) Just before dawn the burglar is arrested by a police constable. B) The burglar was arrested by a police constable just before dawn.
C) The burglar is arrested by a police constable just before dawn. D) A police constable was arrested by a burglar just before dawn.
 
Answer & Explanation Answer: B) The burglar was arrested by a police constable just before dawn.

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