Questions

Q:

In a centrally planned economy, the ____________ plans all the important activities in the economy.

A) Industrialists B) Citizens
C) Government D) Judiciary
 
Answer & Explanation Answer: C) Government

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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:

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

A) Rs 7200 B) Rs 9000
C) Rs 14400 D) Rs 19800
 
Answer & Explanation Answer: C) Rs 14400

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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 sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one, which best express the same sentence in Indirect/Direct speech.

 

I said to her, "I will do it now or never."

A) I informed her that I would do it that moment or never. B) I told her I would do it then or never.
C) I told her that I would not do it then or ever. D) I told her that I would do it then or never.
 
Answer & Explanation Answer: D) I told her that I would do it then or never.

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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.

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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