Questions

Q:

A passage with three blanks, followed by five options, each containing one word, is given. Choose the word that can fill all the three blanks.
An __________ is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. Participants bid openly against one another, with each subsequent bid required to be higher than the previous bid. An auctioneer may announce prices, bidders may call out their bids themselves (or have a proxy call out a bid on their behalf), or bids may be submitted electronically with the highest current bid publicly displayed. In a Dutch ____________, the auctioneer begins with a high asking price for some quantity of like items; the price is lowered until a participant is willing to accept the auctioneer's price for some quantity of the goods in the lot or until the seller's reserve price is met. In economic theory, an ____________ may refer to any mechanism or set of trading rules for exchange.

A) Assets B) Auction
C) Autarky D) Arbitrage
 
Answer & Explanation Answer: B) Auction

Explanation:

‘Assets’ mean things that have earning power or some other value to their owner. ‘Auction’ means a public sale in which goods or property are sold to the highest bidder. ‘Autarky’ refers to the idea that a country should be self-sufficient and not take part in international trade. ‘Arbitrage’ means the simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset. ‘Amortisation’ means the running down or payment of a loan by instalments. The given passage includes the presence of an ‘auctioneer’ who is defined as a person who conducts auctions by accepting bids and declaring goods sold. Thus, option 2 is the correct fit for all three blanks.

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Q:

Sadir is a name of which ancient dance style of India?

A) kathak B) Odissi
C) Bharatanatyam   D) Mohiniattam
 
Answer & Explanation Answer: C) Bharatanatyam  

Explanation:
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Filed Under: Indian Culture
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Q:

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

The system which is observed to do progress

A) Violation B) Impairing
C) Preservation D) Reformism
 
Answer & Explanation Answer: D) Reformism

Explanation:
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Q:

Buyer’s market denotes the place where ___________.

A) the demand exceed the supply B) the supply exceed the demand
C) commodities are available at competitive rates D) the demand and supply are well balanced
 
Answer & Explanation Answer: A) the demand exceed the supply

Explanation:
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Filed Under: Indian Economy
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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.

 

We now have a peculiar combination _______________ the economic policy of India: a declared attempt at fiscal consolidation, combined with a _________________ to do what it takes to raise tax revenues. This unfortunate ________________ has meant a squeeze _____________ Central government expenditures, and particularly those relating to social spending that directly ____________ most people in the country.

 

combined with a _________________ to do what it takes to raise tax revenues.

 

A) doubt B) objection
C) questioning D) reluctance
 
Answer & Explanation Answer: D) reluctance

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Q:

Select the word with the correct spelling.

A) aplauds B) neonaetes
C) bestiary D) pinnioned
 
Answer & Explanation Answer: C) bestiary

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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of four alternatives suggested, select the one, which best expresses the same sentence in Passive/Active voice.

 

My father decorated the entire house.

A) The entire house was decorated by my father. B) The entire house was being decorated by my father.
C) The entire house has been decorated by my father. D) The entire house had been decorated by my father.
 
Answer & Explanation Answer: A) The entire house was decorated by my father.

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Q:

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

a small mistake in an agreement or law that gives someone the chance to avoid having to do something

 

A) loophole B) ruse
C) ploy D) gambit
 
Answer & Explanation Answer: A) loophole

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