Questions

Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand B) Law of supply
C) Law of substitution D) Law of optimal choice
 
Answer & Explanation Answer: A) Law of demand

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Q:

Name the first Indian to get Nobel prize in economics.

A) Amartya Sen B) C V Raman
C) Mihir Sen D) Arun Shourie
 
Answer & Explanation Answer: A) Amartya Sen

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Q:

If the average total cost are Rs 2400, average variable cost is Rs 1700 and quantity produced is 75 units, find the total fixed costs of the firm?

A) Rs 52500 B) Rs 127500
C) Rs 180000 D) Rs 60000
 
Answer & Explanation Answer: A) Rs 52500

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Q:

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’.
If you had (1)/ told me earlier (2)/ I will help you. (3)/ No Error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

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Q:

Which of the following causes damage to bridges, iron railings and all objects made of metals?

A) Reduction B) Rancidity
C) Acidity D) Corrosion
 
Answer & Explanation Answer: D) Corrosion

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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.


To begin______, let us ask ___________ such an appellation, assuming it has only positive___________, was ever deserved in a city like Bengaluru. At the risk__________ earning the well-shaped wrath of fellow Bengalureans, let me explain that______ for a "peacefull" past apart, it would be difficult to assert that "Asia's Silicon Valley" had even a history of toleration of difference.


To begin______,

A) for B) so
C) with D) thus
 
Answer & Explanation Answer: C) with

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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 scenario _________________ dramatically today. We have the ___________________ of powerful Internet monopolies that are much bigger ________________ the telcos. Not surprisingly, these companies now see the _______________ of monopoly. They would like to combine with telcos to create monopolies for their platforms, ensuring that they control the future of the Internet and freeze their competition ____________.


We have the ___________________ of powerful Internet

A) emerging B) emerge
C) emergence D) emergency
 
Answer & Explanation Answer: C) emergence

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Q:

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

 

I drink a glass of milk for breakfast everyday.

A) A glass of milk is drunk by me everyday for breakfast. B) Drinking of a glass of milk has been done by me everyday.
C) Everyday for breakfast I have drunk a glass of milk. D) I have myself everyday drank milk for breakfast.
 
Answer & Explanation Answer: A) A glass of milk is drunk by me everyday for breakfast.

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