Questions

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.

 

Very simply, a checklist is a list of items required, things to be done or points to be considered, used as a reminder. This is clear. Is the _______________ implication equally clear? Perhaps not. A checklist is purely objective, no _______________ is involved. That means, if the checklist is framed as a set ______ questions, the answer to every question can only be a binary “Yes” _______ “No” and nothing in between; no shades of grey. Such objectivity is the very antithesis of the education system today, both in the way teaching happens and in the ____________ of the student.

 

is framed as a set ______ questions, the answer

A) of B) off
C) for D) from
 
Answer & Explanation Answer: A) of

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Q:

Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.


Namita is from the state of Kerala. She has come to Dubai to serve as a governess for the only child of the Nairs. The Nairs are nice and gentle and Namita has no cause to complain. One day she overhears something that makes her jittery. Mr. Nair is not employed in an American company as she has been told. The nature of his business is illegal. She is shocked and wants to go back to her home town to her own people.

Gopal is from a very poor family. His family owns a very small piece of land that can hardly meet their food requirement. One day, Gopal gets a nice offer to work in the Emirates with a construction contractor. In order to meet the expenses on travelling, the family decides to sell their own land and send Gopal to the foreign country, to make money. On arrival, the contractor confiscates Gopal's passport and gives him a small place to live in with ten others like him. Gopal has little idea what he must do.


Namita and Gopal are in a similar situation, because they

A) love their families B) are happy with their situations
C) are from impoverished families D) are stranded in a foreign country
 
Answer & Explanation Answer: D) are stranded in a foreign country

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best express the same sentence in Indirect/Direct speech.

 

He told his mother that he was starting in two days' time.

A) "I am starting the day after tomorrow, mother,"he said. B) "I will start the next day, mother,"he said.
C) "I may start in two days time, mother,"he said. D) "I must start in two days time mother,"he said.
 
Answer & Explanation Answer: A) "I am starting the day after tomorrow, mother,"he said.

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Q:

Which  one  of  the  following  indices  is  now used  by  the  Reserve  Bank  of  India  to measure the rate of inflation in India?

A) NASDAQ Index B) BSE Index
C) Consumer Price Index D) Wholesale Price Index
 
Answer & Explanation Answer: C) Consumer Price Index

Explanation:

The  Wholesale  Price  Index  (WPI) was  main  index  for  measurement of  inflation  in  India  till  April  2014 when  RBI  adopted  new  Consumer Price   Index   (CPI)   as   the   key measure of inflation.

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Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3% B) 10%
C) 2.50% D) 7%
 
Answer & Explanation Answer: B) 10%

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Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores B) Rs. 52 crores
C) Rs. 18 crores D) Rs. 38 crores
 
Answer & Explanation Answer: C) Rs. 18 crores

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Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent B) 7.8 percent
C) 10.2 percent D) 10 percent
 
Answer & Explanation Answer: A) 7.5 percent

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Q:

Working capital is a measure of

A) liquidity B) consistency
C) profitability D) solvency
 
Answer & Explanation Answer: A) liquidity

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