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 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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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.

For a minute, dispel all the mental images and stereotypes; ______________ the jargon of 'opening up,' 'flow,' 'nidra,' and 'balance'. Focus _______ what you need for your body. ___________ you aren't sure, begin here — with just one asana. It's one of the basic ones ___________ I lead every class with. You can do it as a stand-alone piece ____________ begin with it when you're at the gym.

stand-alone piece ____________ begin with it when you're at the gym.

A) or B) nor
C) either D) neither
 
Answer & Explanation Answer: A) or

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

The doctor removed the eye patch and asked him how he (were feeling).

A) was felt B) has feeling
C) was feeling D) no improvement
 
Answer & Explanation Answer: C) was feeling

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Q:

Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.


Learning is the knowledge of that which is not generally known to others, and which we can only derive at second­hand from books or other artificial sources. The knowledge of that which is before us, or about us, which appeals to our experience, passions, and pursuits, to the bosoms and businesses of men, is not learning. Learning is the knowledge of that which none but the learned know. He is the most learned man who knows the most of what is farthest removed from common life and actual observation. The learned man prides himself in the knowledge of names, and dates, not of men or things. He thinks and cares nothing about his next­door neighbours, but he is deeply read in the tribes and castes of the Hindoos and Calmuc Tartars. He can hardly find his way into the next street, though he is acquainted with the exact dimensions of Constantinople and Peking. He does not know whether his oldest acquaintance is a knave or a fool, but he can pronounce a pompous lecture on all the principal characters in history. He cannot tell whether an object is black or white, round or square, and yet he is a professed master of the optics and the rules of perspective.


the knowledge related to the businesses of men

A) knows about all the principal characters in history B) sees not with the eyes of others
C) is acquainted with the streets of Constantinople and Peking D) knows the most of what is farthest removed from common life and actual observation.
 
Answer & Explanation Answer: D) knows the most of what is farthest removed from common life and actual observation.

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Q:

A sentence has been given in Active/Passive Voice. Out of the four given alternatives, select the one which best expresses the same sentence inPassive/Active Voice.

The workers are building the house.

A) The house was being built by the workers. B) The house was built by the workers.
C) The house is built by the workers. D) The house is being built by the workers.
 
Answer & Explanation Answer: D) The house is being built by the workers.

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