Questions

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.

Price-fixing is a phenomenon that is normal in -

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

whole nine yards

The movement inside the Earth's crust is studied by which of the following ?

Name the Indian entrepreneur, co-founder and owner of India's low cost airline SpiceJet.

An earthquake of magnitude _________________ on Richter scale has thousand times more destructive energy than an earthquake of magnitude 4.

Which  of  the  following  statements  with regard to Panchyats in India are correct?

1.Seats ina Panchayat are filled by direct election from the territorial constituencies in the Panchayat area.

2.The Gram Sabha is the body of persons registered in the electoral rolls relating to   a   village   within   the   Panchayat area.

3.The  Panchayats  work  on  the  principle of constitutional autonomy.

4.The   State   Legislature may   be   law endow  the  Panchayats  with  the  power and   authority   to   enable   them   to function.

Select  the  correct  answer  using  the  code given below.

Which one of the following is n ot an objective of the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)?

The number of parliamentary seats (Lok Sabha) of Kerala is _______.