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:

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

 

They found him lying dead on the roadside.

 

A) The roadside found him lying dead. B) He was lying dead found by the roadside.
C) Lying by the roadside, he was found dead. D) He was found lying dead by the roadside.
 
Answer & Explanation Answer: D) He was found lying dead by the roadside.

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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. Ifa sentence is free from error, select 'No Error'.

A very first time I used the internet I was very intimidated, (1)/ and thought that anyone who could use (2)/ such an elaborate thing must be a genius. (3)/ No error (4)

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

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Q:

In the following question, a sentence has been given in Active/Passive Voice. Out of the four alternatives suggested, select the one which best expresses the same sentence in Passive/Active Voice.

 

I found the box last night in a ditch near my house.

A) The box I found last night in a ditch near my house. B) The box was found last night in a ditch near my house.
C) Last night I found the box in a ditch near my house. D) The box is found last night in a ditch near my house.
 
Answer & Explanation Answer: B) The box was found last night in a ditch near my house.

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