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:

What is the Greenhouse Effect?

A) The fall in population of plants due to human activity B) It is the warming of earth's surface due to its atmosphere
C) The polluting effect of burning fossil fuels D) The heating of the atmosphere due to depletion of the ozone layer
 
Answer & Explanation Answer: B) It is the warming of earth's surface due to its atmosphere

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate itby selecting the appropriate option.

There are _____ books on computer science in your school library, so you need to purchase them from the market.

A) a few B) a little
C) few D) the few
 
Answer & Explanation Answer: C) few

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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 question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

Modern India has a secular constitution and ______ itself on being a secular country.

A) prides B) humiliates
C) shy D) disgraces
 
Answer & Explanation Answer: A) prides

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Q:

In the given question, an idiom/phrase highlighted in bold is given in a sentence. Choose the most suitable meaning of the idiom/phrase.

I heard it on the grapevine that the vacancies are going to be increased this year for many posts.

A) To hear some official news about something B) To inform people about something
C) To acquire information by unofficial communication D)  To be sure of something
 
Answer & Explanation Answer: C) To acquire information by unofficial communication

Explanation:

The idiom “to hear it on the grapevine” means to hear about something from informal communication or to hear a gossip. The above sentence talks about the rumour that is spread about the number of vacancies for various posts. Hence, option 3 is correct.

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Q:

In India, how much percent of GDP is the fiscal deficit target for the Financial Year 2017-18?

A) 4.20% B) 3.20%
C) 2.20% D) 4.00%
 
Answer & Explanation Answer: B) 3.20%

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