Questions

Q:

Micro economics deals with

A) the circular flow of income B) the decision making of a single economic variable like demand
C) understanding unemployment D) economic growth
 
Answer & Explanation Answer: B) the decision making of a single economic variable like demand

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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.

 

Without habit, personality could not exist; for we could never do a thing twice alike, and ___________ would be a new person each succeeding moment. The acts which give us our own peculiar _____________ are our habitual acts--the little things that do themselves moment by moment without care or attention, and are the truest and best expression of our real selves. Probably _______ one of us could be very sure which arm he puts ________ the sleeve, or which foot he puts into the shoe, first; and yet each of us ____________ formed the habit long ago of doing these things in a certain way.

 

and yet each of us ____________ formed the habit

 

 

A) certain B) certainty
C) certainly D) be certain
 
Answer & Explanation Answer: C) certainly

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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.

 


What does not seem as not good or normal in the context of this essay?

 

A) the new interest in free market B) being captivated by spell of the free market
C) that which does not accord with the requirement of the free market D) the economists who are captivated by the free market
 
Answer & Explanation Answer: C) that which does not accord with the requirement of the free market

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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 course of the development of different life-forms heredity—which, in plain English, is unconscious memory generated in the first life-form and ______________ through all the different species—is the sole factor in the ____________ of the parent properties; while adaptation to surrounding conditions and circumstances, natural selection in the struggle _____________ existence, and partner selection in the struggle of the males for ____________ are the principal factors in the differentiation of species.

 

natural selection in the struggle _____________ existence, and partner selection

 

A) for B) from
C) form D) off
 
Answer & Explanation Answer: A) for

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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 expresses the same sentence in Indirect/Direct speech.

 

He said to her, "I will meet you here tomorrow."

 

A) He told her this that he will meet her there the following day. B) He told her that he would meet her there the following day.
C) He told her that he would meet her here tomorrow. D) He told her that he will meet her there tomorrow.
 
Answer & Explanation Answer: B) He told her that he would meet her there the following day.

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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.

 

Although it has been felt necessary to devote much space to ________ attempt to find principles that may be said to be at the basis ________ the art of all nations, the executive side of the question has not been neglected. And it is hoped that the __________ method for the study of drawing from the two opposite points of view ofline and mass here advocated may be useful, and help students to avoid some of the _____________ that results from attempting simultaneously the study of these______________ qualities of form expression.

 

much space to ________ attempt to find principles

 

A) an B) a
C) it D) once
 
Answer & Explanation Answer: A) an

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Q:

To release wages under the Mahatma Gandhi National RuralEmployment Guarantee Scheme direct and faster, anelectronic fund management system has been launched by____________.

A) State Bank of Hyderabad B) State Bank of Travancore
C) State Bank of India D) Orien tal Bank Corporation
 
Answer & Explanation Answer: B) State Bank of Travancore

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Q:

Abilify MyCite is the first drug in the United States of America to be approved by the Food and Drug Administration with a ______ system.

A) Bone density tracking B) Blood pressure tracking
C) Nerve impulse tracking D) Digital ingestion tracking
 
Answer & Explanation Answer: D) Digital ingestion tracking

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