Questions

Q:

Match the characteristics with their market structure:
(a) Firm has control over quantity of output but it must take into account reactions of competitors.
b) Firm will tend to set output so that it earns maximum profits.

A) (a) Oligopoly, (b) Pure competition B) (a) Monopolistic competition, (b) Oligopoly
C) (a) Pure Monopoly, (b) Pure competition D) (a) Oligopoly, (b) Pure Monopoly
 
Answer & Explanation Answer: D) (a) Oligopoly, (b) Pure Monopoly

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Q:

Which of the following is considered a "diversified" investment?

A) Index Fund B) Mutual Fund
C) Both of these D) Neither of these
 
Answer & Explanation Answer: C) Both of these

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Q:

The account receivable turnover measures

A) How often, on average receivables are received and collected during the period B) How long it takes to sell accounts receivable to a factor
C) The relation of cash sales to credit sales D) How long it takes to sell merchandise inventory
 
Answer & Explanation Answer: A) How often, on average receivables are received and collected during the period

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Q:

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

 


A lot on your plate

 

A) A greedy person will collect more food than he can eat. B)  A hungry person will devour if presented with food.
C)  To have a large number of problems to deal with. D) To be an expert in multi-tasking.
 
Answer & Explanation Answer: C)  To have a large number of problems to deal with.

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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.

 

The abuse of phrases and the misuse of words rife among us can be checked __________ diligent exercises in good English, such as this book provides. ___________exercises, in conjunction __________ others to be found in different volumes by the same author, will serve to correct careless diction and slovenly speech, and lead to the art of speaking and writing correctly; for, after all, ___________ in the use of words is more a matter of habit than of theory, and once it is acquired it becomes just as easy to speak or to write good English _____________ bad English.

 

write good English _____________ bad English.

 

A) so B) such  
C) as D) like
 
Answer & Explanation Answer: C) as

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Q:

What does ‘J’ stand in ‘UJALA’ scheme being undertaken by the Energy Efficiency Services Limited (EESL)?

 

A) Jeevan B) Jyoti
C) Jagriti D) Jagran
 
Answer & Explanation Answer: B) Jyoti

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Q:

Which of the following countries became the first to withdraw from the International Criminal Court (ICC) with effect from 27 October, 2017?

 

A) Burundi B) Syria
C) Russia D) Ukraine
 
Answer & Explanation Answer: A) Burundi

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Q:

Which one of the following statements in respect of the States of India is not correct?

A) States in India cannot have their own Constitutions. B) The State of Jammu and Kashmir has its own Constitution.
C) States in India do not have the right to secede from the Union of India. D) The maximum number of members in the Council of Ministers of Delhi can be 15 percent of the total number of members in the Legislative Assembly.
 
Answer & Explanation Answer: B) The State of Jammu and Kashmir has its own Constitution.

Explanation:

There shall be a Council of Ministers consisting of not more than ten per cent (a special provision for Delhi as against the 15 percent clause under 91st Amendment Act)of the total number of members in the Legislative Assembly, with the Chief Minister at the head to aid and advise the Lieutenant Governor in the exercise of his functions in relation to matters with respect to which the Legislative Assembly has power to make laws.

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