Questions

Q:

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

 


Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers.

 

Who, according to the economists, are the right group of people to set the price of a commodity?

 

A) the aggregate of consumers B) the buyers
C) the sellers D) the economists
 
Answer & Explanation Answer: A) the aggregate of consumers

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Q:

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

 


All art is, in an important sense, an escape. There is a sense in which the capacity to escape from his present experience, to use his accumulated consciousness of the past to project a vision of the future, is man's greatest and distinguishing ability. We must not forget the force of Aristotle's argument that poetry is valuable precisely because it shows men not simply as they are, but as they ought to be or (in terms more sympathetic to us today) as they are capable of becoming.

 


According to the author, all art is

 

A) a reflection of life. B) art
C) an escape D) an important sense.
 
Answer & Explanation Answer: C) an escape

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 

Ignorance is bliss

 

A) Lack of knowledge is a curse B) Sometimes it is better for you if you do not know all the facts
C) Fools believe they know more than the wise D) To be truly happy one should ignore everything else
 
Answer & Explanation Answer: B) Sometimes it is better for you if you do not know all the facts

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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.

 

The need

 

A : the highways has

B : been felt over the years

C : to curb drunken driving on

 

A) BCA   B) CAB  
C) BAC   D) ACB
 
Answer & Explanation Answer: B) CAB  

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Q:

__________ scheme by the Central Government aims at providing free health checkups for pregnant women for the first 6 months of pregnancy.

A) Gram Uday Se Bharat Uday Abhiyan B) Pradhan Mantri Ujjwala Yojana
C) Pradhan Mantri Surakshit Matritva Abhiyan D) Vidyanjali Yojana
 
Answer & Explanation Answer: C) Pradhan Mantri Surakshit Matritva Abhiyan

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Q:

The Look East Policy in India was started by which of the following Prime Ministers?

A) Rajiv Gandhi B) Atal Bihari Vajpayee
C) P.V. Narasimha Rao D) Manmohan Singh
 
Answer & Explanation Answer: C) P.V. Narasimha Rao

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Q:

Lok Sabha is the ___________ House of the Parliament of India.

A) Lower B) Upper
C) Left D) Right
 
Answer & Explanation Answer: A) Lower

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Q:

According to the distance of planets from the Sun, which of the following order is correct?

A) Mercury, Venus, Earth, Mars B) Mercury, Earth, Mars, Venus
C) Mercury, Mars, Earth, Venus D) Mercury, Mars, Venus, Earth
 
Answer & Explanation Answer: A) Mercury, Venus, Earth, Mars

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