Questions

Q:

A price floor is _____.

A) a maximum legal price B) a minimum legal price
C) the price where demand equals supply D) the price where elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: B) a minimum legal price

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Q:

In perfect competition _____.

A) Products can be similar or different B) Producer can control price by controlling production
C) Demand curve is perfectly elastic D) All firms make economic profit in the long run
 
Answer & Explanation Answer: C) Demand curve is perfectly elastic

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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph

People used to preserve

A-companionship in absentia
B-letters for years as these humble pieces
C-of paper afforded

A) BAC B) BCA
C) ACB D) ABC
 
Answer & Explanation Answer: B) BCA

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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.


P- The aim must be to ensure that our country does not experience either paucity or a-surfeit of trained manpower in any specific segment of our economy.
Q- When we set about the task of higher education, we should be absolutely clear in our perception of the goals of education in the specific context of our nation’s
development.
R- No doubt, one of the important aims of education would be to create the required range and nature of trained manpower assessed to be needed by different
sectors of national growth.
S- The entire educational apparatus must be geared progressively to fulfill the requirements of different phases of our growth in every sector primary, secondary and
tertiary.

A) SQPR B) QRSP
C) SRQP D) PSQR
 
Answer & Explanation Answer: B) QRSP

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.
Organic pulses are so popular today (1)/ that many people wonder (2)/ how they ever lived without them. (3)/ No Error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

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Q:

Which of the following is a feature of aerobic metabolism?

A) energy is produced more slowly than in anaerobic metabolism B) energy is observed more slowly than in anaerobic metabolism
C) energy is produced more fastly than in anaerobic metabolism D) energy is observed more fastly than in anaerobic metabolism
 
Answer & Explanation Answer: A) energy is produced more slowly than in anaerobic metabolism

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Q:

The demand curve _____.

A) shows that as the price of a good increases, demand for the good will increase B) shows that as the price of a good increases, demand for the good will decrease
C) has a positive gradient D) indicates that there is a direct relationship between quantity demanded and price
 
Answer & Explanation Answer: B) shows that as the price of a good increases, demand for the good will decrease

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Q:

In the following question the 1st and the last part of the sentence/passage are numbered 1 and 6. The rest of the sentence/ passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct

 

1. The master returned home after sometime.
P. The snake was lying dead under the cradle.
Q. He went into the room where the baby was sleeping.
R. It had been killed by his dog.
S. He noticed a snake.
6. He realised that his dog had saved his baby.

A) SRPQ B) QRPS
C) QSPR D) PQRS
 
Answer & Explanation Answer: C) QSPR

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