Questions

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.

Selling a commodity at a price that is not more than that charged by competitors is -

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 groom said to the bride, "I will take good care of you."

If North is called North west , West is called South west , South is called South east and so on . A person walks straight from South west to North east and then turns left . Walks straight and again turns left . Now at what direction he is facing ?

ESPN annually ranks 100 of the most famous active sportspersons in the world to create the 'ESPN World Fame 100' list. Which Indian player had the highest ranking in this list in 2017?

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.
He had kept up his training regimen for a month.

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity?

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.

Namita is from the state of Kerala. She has come to Dubai to serve as a governess for the only child of the Nairs. The Nairs are nice and gentle and Namita has no cause to complain. One day she overhears something that makes her jittery. Mr. Nair is not employed in an American company as she has been told. The nature of his business is illegal. She is shocked and wants to go back to her home town to her own people.

Gopal is from a very poor family. His family owns a very small piece of land that can hardly meet their food requirement. One day, Gopal gets a nice offer to work in the Emirates with a construction contractor. In order to meet the expenses on travelling, the family decides to sell their own land and send Gopal to the foreign country, to make money. On arrival, the contractor confiscates Gopal's passport and gives him a small place to live in with ten others like him. Gopal has little idea what he must do.

Namita and Gopal are in a similar situation, because they