Questions

Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic B) indifferent
C) market demand D) diminishing
 
Answer & Explanation Answer: C) market demand

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Q:

The demand curve facing a perfectly competitive firm is

A) downward sloping B) perfectly inelastic
C) a concave curve D) perfectly elastic
 
Answer & Explanation Answer: D) perfectly elastic

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Q:

Increase in the demand for a good will cause the equilibrium price of the good to ________ and the equilibrium quantity to _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: A) increase; increase

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Q:

A shop keeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of cost price to the printed price of the book is

A) 45:56 B) 50:61
C) 99:125 D) None of these
 
Answer & Explanation Answer: A) 45:56

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

Our honour and dignity lies in practicing truthfulness and in not being guided by ______.

 

A) brotherhood B) motherhood
C) falsehood D) monkhood
 
Answer & Explanation Answer: C) falsehood

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Q:

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

 

A formal speech, especially one given on a ceremonial occasion

 

A) Oration   B) Reticent  
C) Bashful   D) Taciturn
 
Answer & Explanation Answer: A) Oration  

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Q:

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

 


When I think of my family's history on the land. I experience a pang of regret. Unlike much of the arid West, where the land has gone virtually unchanged for centuries, my place of origin, western Kansas, has been torn up by agriculture. The flat plains, excellent soil, and sparse but just adequate rainfall permitted farming; therefore farming prevailed, and a good 90% of the original sod prairie is gone. The consequence, in human terms, is that our relationship to our place has always felt primarily mercantile. We used the land and denied, or held at bay, its effect on us. Yet from my earliest childhood, when the most of the Kansas prairie was still intact, I 've known that the land also had a romantic quality. I've felt moved by the expanse of it , enthralled by size. I take pride in my identity as a plains daughter.

 

What does the author feel proud about?

 

A) being an American B) being a native of Kansas.
C) being able to see the romantic quality of the land. D) the ability to unite well.
 
Answer & Explanation Answer: B) being a native of Kansas.

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Q:

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

 


All art is, in an important sense, an escape. There is a sense in which the capacity to escape from his present experience, to use his accumulated consciousness of the past to project a vision of the future, is man's greatest and distinguishing ability. We must not forget the force of Aristotle's argument that poetry is valuable precisely because it shows men not simply as they are, but as they ought to be or (in terms more sympathetic to us today) as they are capable of becoming.

 

Accordingly to the author ___________ enables him to project a vision of the future

 

A) man's present experience B) man's accumulated consciousness of the past
C) man's sympathetic nature D) None of the above
 
Answer & Explanation Answer: B) man's accumulated consciousness of the past

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