Questions

Q:

The consumption schedule is such that

A) the MPC and the APC must be equal at all levels of income. B) the APC is constant and the MPC declines as income rises.
C) both the APC and the MPC increase as income rises. D) the MPC is constant and the APC declines as income rises.
 
Answer & Explanation Answer: D) the MPC is constant and the APC declines as income rises.

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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 quest for a _____ life engrosses every human being on this earth. Everyman tends to define a happy life in a _____ individualistic fashion. _____have attempted to define a happy life in various terms. Hedonists have a _____ notion that happiness lies in the _____ of physical appetites.

The quest for a _____ life engrosses every human being

A) simple B) sad
C) happy D) real
 
Answer & Explanation Answer: C) happy

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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.

 

Without habit, personality could not exist; for we could never do a thing twice alike, and ___________ would be a new person each succeeding moment. The acts which give us our own peculiar _____________ are our habitual acts--the little things that do themselves moment by moment without care or attention, and are the truest and best expression of our real selves. Probably _______ one of us could be very sure which arm he puts ________ the sleeve, or which foot he puts into the shoe, first; and yet each of us ____________ formed the habit long ago of doing these things in a certain way.

 

and yet each of us ____________ formed the habit

 

 

A) certain B) certainty
C) certainly D) be certain
 
Answer & Explanation Answer: C) certainly

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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.

 

All this suggests the intimate relations which exist between history, politics, and sociology. The ____________ thing, however, is not the identities but the distinctions.For, however much the _____________ disciplines may, in practice, overlap, it is necessary ________ the sake of clear thinking to have their limits defined. As far _______sociology and history are concerned the differences may be summed up in a word. __________ history and sociology are concerned with the life of man as man.

 

sociology. The ____________ thing, however,

 

A) important B) importance
C) importances D) importantly
 
Answer & Explanation Answer: A) important

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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.

 


What does not seem as not good or normal in the context of this essay?

 

A) the new interest in free market B) being captivated by spell of the free market
C) that which does not accord with the requirement of the free market D) the economists who are captivated by the free market
 
Answer & Explanation Answer: C) that which does not accord with the requirement of the free market

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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.

 

It is a delight _______________ the illuminating thoughts which came to the minds of these men; and, on the other hand, it is amusing to see how ________________ they launched ________________ on boundless seas when they were unprovided with chart and compass. They were _________ brilliant children, who know little of the dangers of the great world, but are ready to undertake anything. These philosophers regarded all knowledge as their province, and did __________ despair of governing so great a realm.

 

they launched ________________ on boundless seas when they were unprovided

 

A) them B) their
C) they D) themselves
 
Answer & Explanation Answer: D) themselves

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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.

 

Abhay said, "I will go to Surat tomorrow".

 

A) Abhay said that he would go to Surat the next day. B) Abhay said he would go to Surat tomorrow.
C) Abhay said he will be going to Surat the next day. D) Abhay said that he would go to Surat tomorrow.
 
Answer & Explanation Answer: A) Abhay said that he would go to Surat the next day.

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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 chasm ______________ the needs of the people who struggle ______________ survival, action and inaction by representatives, and lack of remedial justice has compromised representative democracy _________________. Defections from one party to another indicate _______________ of the basic obligations of representatives, even ___________ their own people starve.

 

The chasm ______________ the needs of the people

 

A) between B) of
C) about D) in
 
Answer & Explanation Answer: A) between

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