Questions

Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

Macro economics deals with

A) the circular flow of income B) the decision making of a single economic variable like demand
C) resource allocation at firm level D) equilibrium prices and quantities
 
Answer & Explanation Answer: A) the circular flow of income

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Q:

In the following question, a word has been written in four different ways out of which only one is correctly spelt. Select the correctly spelt word.

 

A) Apeareance B) Appearrance
C) Appearence D) Appearance
 
Answer & Explanation Answer: D) Appearance

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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.

 

We also need to work towards a re-engineering of procedures. It __________________ that fear of being scrutinised by the office of the Central Vigilance Commissioner has _________________ loan officers in the public sector into inaction. It is _______________ no use having a publicly-owned banking ___________ that does not extend credit to sound projects on grounds of __________________ scrutiny.

 

Central Vigilance Commissioner has _________________ loan officers in the public sector into inaction.

 

A) encouraged B) emboldened
C) petrified D) energized
 
Answer & Explanation Answer: C) petrified

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Q:

If a mirror is placed on the line AB, then which of the answer figures is the right image of the given figure?

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

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Q:

The age of the father 4 years ago was 8 times the age of his son. At present, the father's age is 4 times that of his son. Find the present age of son.

A) 9 years B) 7 years
C) 14 years D) 18 years
 
Answer & Explanation Answer: B) 7 years

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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 scene will now shift to obtaining __________________ instruments of ratification to bring the agreement into force _________________ 2020, the first year of its________________ implementation. The agreement will enter into force with the ratification of ______________ 55 countries, whose aggregate greenhouse gas (GHG) emissions ________________ at least 55 per cent of global emissions.


bring the agreement into force _________________ 2020

A) on B) before
C) at D) previous
 
Answer & Explanation Answer: B) before

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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.


Targeting inflation comes from a belief that policy should be _________ and transparent, so that the private sector can factor this ___________ their decision-making. The question that this ________ is: are there more "complicated" policies which _________ better? I just note that one such policy is called "nominal income targeting". _____________ it is more complicated and the private sector is deemed to be intellectually challenged.

private sector can factor this ___________ their decision-making.

 

A) into B) in
C) within D) onto
 
Answer & Explanation Answer: A) into

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