Questions

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

Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers.

Selling a commodity at a price that is not more than that charged by competitors is -

In the following question, out of the four alternatives, select the alternative which is the best substitute of the words/sentence.

Characterized by severe self-discipline and abstention from all forms of indulgence, typically for religious reasons

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

Be in the red

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'.

Hardly had I stepped(A)/out of my house when(B)/I saw them coming towards my house.(C)/No error(D)

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

Despite the bank's security staff ____________ a vigil over the treasury boxes, the cash was stolen.

In the following question, out of the four alternatives, select the alternative which is the best substitute of the words/sentence.

Made or done in the traditional or original way

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.

It is basic to a democracy that its citizens remain in harmony _______ one another. At the very least, they should _______ treat each other as enemies. Enmity is spreadonly by vested interests that hope to thrive _________ polarising citizens. The ______________ between professed love for the country and infecting the people with hatred remains ignored. There is no instance in history of the policy of ‘divide and rule’ _____________ people’s welfare.

‘divide and rule’ _____________ people’s welfare.

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.

If there is a subject of really ______________ interest and utility, it is the art of writing and speaking one's own language ___________. It is the basis of culture, as we all know; but it is infinitely more _________ that, it is the basis of business. ___________ salesman can sell anything unless he can explain the merits of his goods in effective language, or can write ___________ advertisement equally effective, or present his ideas, and the facts, in a letter.

of business. ___________ salesman can selly