Questions

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?

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.

Go north-east across the mountains till you will reach an island.

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.

________________ various signs of economic slowdown such as languishing industrial production and adverse __________________of the drought on rural livelihoods and demand, the government is apparently unable ____________________ unwilling to increase public spending to _________________ people’s material distress or to kick-start economic ____________________ to increase employment.

the government is apparently unable ____________________

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

The boss said, "Please give me the latest reports."

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

Implanting standards, right values, the science of good and evil are an essential part of education. Many forces thwart this to work, but two of the most serious hindrances to it are examinations and specialization. The examination system is both an opiate and a poison. It is an opiate because it lulls Man into believing that all is well when most is ill. It is a poison because it paralyses or at least slows down the natural activities of the healthy mind. Man finds himself a creature of unknown capacities in an unknown world, wants to learn what the world is like, what he should be and do in it. To help him in answering these questions is the one and only purpose of education. However, tests of progress are useful and necessary. Examinations are harmless when the examinee is indifferent to their result, but as soon as they matter, they begin to distort his attitude to education and to conceal its purpose. For disinterestedness is the essence of all good education and liberal education is impossible without it.

The author considers specialization as :

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. If a sentence is free from error, select 'No Error'.

I was surprised (A)/ when the hostess smiled (B)/ as if she saw me before.(C)/ No error (D)

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

P: This would bring a sense of closure to an issue that has seen about two decades of wrangling.
Q: By clearing the path for 49 percent foreign investment in Air India (AI), the Centre has finally decided to push ahead on its privatisation.
R: While the parliamentary standing committee on AI privatisation is yet to express its views, a sort of political consensus appears to be close at hand.
S: There cannot be a more opportune time to push ahead with disinvestment; this, ironically, is despite the fact that the airline has improved its operational  performance.