Questions

Q:

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.

 

A major act of will will bring about price-fixing that will be seen as -

 

A) effective and productive B) constructive and practical
C) normal and having valuable economic function D) systematic and relevant
 
Answer & Explanation Answer: C) normal and having valuable economic function

Explanation:
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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.

 

She always took her medicines on time.

 

A) The medicines was always took on time by her. B) The medicines were always taken on time by her.
C) On time medicines she always took. D) Taking of the medicines on time was being done by her.
 
Answer & Explanation Answer: B) The medicines were always taken on time by her.

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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.

 

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.

 

subject of really ______________ interest and utility

 

A) universe B) universally
C) universality D) universal
 
Answer & Explanation Answer: D) universal

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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".

 

Gilbert de Lafayette's father and grandfather and great-grandfather (have all been) brave and noble men.

 

A) has all been B) has all being
C) have all being D) no improvement
 
Answer & Explanation Answer: D) no improvement

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Q:

Which of the following Cryptocurrency Dealers launched India’s first mobile ‘Bitcoin trading' app for transacting in virtual currencies?

A) EtherDelta Exchange B) BitFin Exchange
C) Venus Exchange D) Pluto Exchange
 
Answer & Explanation Answer: D) Pluto Exchange

Explanation:

Pluto Exchange, a Dubai-based Cryptocurrency Dealer has launched the India’s first mobile ‘Bitcoin trading app’ fortransacting in virtual currencies. Users of Pluto Exchange’s app will be able to buy, sell, store and spend bitcoins via mobile number using four-digit Personal Identification Number (PIN).

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Q:

In December 2017, SEBI tightened rating agency norms. The net worth requirement for rating agencies has now been increased from Rs 5 crore to ______.

A) Rs 10 crore   B) Rs 15 crore
C) Rs 20 crore D) Rs 25 crore
 
Answer & Explanation Answer: D) Rs 25 crore

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Q:

According to the Election Commission of India, in order to be recognized as a ‘National Party’, a political party must be treated as a recognized political party in how many States?

 

A) At least two States B) At least three States
C) At least four States D) At least five States
 
Answer & Explanation Answer: C) At least four States

Explanation:

Trinamool Congress became the 7th political party to be recognized as a National Party in September 2016.

Conditions for Recognition as a National Party

1. Secure at least 6% of the valid vote in an Assembly or a Lok Sabha General Election in any four or more states and won at least 4 seats in a Lok Sabha General Election from any State or States.

2. Win at least 2% of the total Lok Sabha seats in a Lok Sabha General Election and these seats have to be won from at least 3 states.

3. The party is recognized as a State Party in at least four states.

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Q:

Name the international treaty designed to protect the ozone layer from CFCs.

A) Sigma protocol B) Montreal protocol
C) Ozone protocol D) Green protocol
 
Answer & Explanation Answer: B) Montreal protocol

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