Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

What is an octroi ?

A) Tax B) Tax collection centre
C) Tax processing centre D) Tax information centre
 
Answer & Explanation Answer: A) Tax

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Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

A) Perfect Competition B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: B) Monopoly

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Q:

Look at the underlined part of each sentence. Below each sentence are given three possible substitutions for the underlined part. If one of them (a), (b) or (c) is better than the underlined part, indicate your response on the Answer Sheet against the corresponding letter. If none of the substitutions imporves the sentence, indicate (d) as your response on the Answer Sheet.

 


The teacher, along with her three children, were taken to hospital.

A) was taken B) had taken
C) had being taken D) No improvement
 
Answer & Explanation Answer: A) was taken

Explanation:

The subject ‘The teacher’ is singular, hence ‘was taken’ will be the correct expression. Since the teacher was herself taken to the hospital so b and c are incorrect.

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Q:

In the following question, out of the four alternatives, select the word similar in meaning to the word given.
Pernicious

A) Beneficial B) Dangerous
C) Innocuous D) Advantageous
 
Answer & Explanation Answer: B) Dangerous

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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.

 

It is obviously wrong as the cost of school uniform, books and stationery, and transport, ________ all are under the monopoly of the school, are not included. ______________ private schools want additional money for special occasions like festivals, picnics, ______________ and projects. And they often recommend tuition for the children. None of this ______________ in this cost calculation. However, the family __________ this burden and these items add significantly to the revenue of private schools.

 

______________ private schools want additional money

 

A) Occasionally B) Randomly
C) Rarely D) Mostly
 
Answer & Explanation Answer: A) Occasionally

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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.

 

Irony. __________________word captures our response to the ongoing nationwide drought in more ways than one. We have woken _________ the reality of drought a full six months after the end of monsoon. After waking up, we focus ____________ the drinking water __________ in urban centres and not the multidimensional crisis of life and livelihood in _______________ hinterland.

 

Irony. __________________word captures our response to the ongoing nationwide drought

 

A) This one B) That one
C) One D) A
 
Answer & Explanation Answer: A) This one

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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 thefour alternatives.


One who has witnessed a debate ______ argument between two men _____________ strong intellectually, one of whom is a trained logician and the other lacking this advantage, will never forget the impression produced _________ him by the unequal struggle. The conflict is like that of a ____________ wrestler, untrained in the little tricks and turns of the science, in the various principles of applying force in a certain way at a certain time, at a certain place, with a __________ and experienced wrestler.


certain place, with a __________ and experienced wrestler

 

A) trained B) train
C) training   D) trains
 
Answer & Explanation Answer: A) trained

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