Questions

Q:

_________ 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.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic B) indifferent
C) market demand D) diminishing
 
Answer & Explanation Answer: C) market demand

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Q:

The consumption schedule relates:

A) disposable income to domestic income. B) consumption to the level of disposable income.
C) consumption to saving. D) saving to the level of disposable income.
 
Answer & Explanation Answer: B) consumption to the level of disposable income.

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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.


Targeting inflation comes from a belief that policy should be _________ and transparent, so that the private sector can factor this ___________ their decision-making. The question that this ________ is: are there more "complicated" policies which _________ better? I just note that one such policy is called "nominal income targeting". _____________ it is more complicated and the private sector is deemed to be intellectually challenged.

policy should be _________ and transparent,

A) elaborate B) detailed
C) easy D) simple
 
Answer & Explanation Answer: D) simple

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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.


In Greek mythology, it is said that Lycurgus, the ruler of Sparta, ___________ a promise from his ____________, assuring him of the immutability of his laws till he returned from an _______________ journey. To make his laws immutable, Lycurgus _____________. Seven justices of the Indian Supreme Court on a historic day in 1973 christened themselves as modern­day Lycurguses, seeking to create, in India's constitutional context, an island of immutability, ___________ titled the "basic structure".

it is said that Lycurgus, the ruler of Sparta, ___________

A) elicited B) derived
C) evinced D) attested
 
Answer & Explanation Answer: A) elicited

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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.


Equally disappointing is the court's ________________, one-paragraph dismissal of the claim that criminal ________________ creates a chilling effect upon speech. Such proclamations are easy _______________ from the high, secure, and insulated bench of the Supreme Court. It is journalists and newspapers, fighting hundreds of _____________ cases in court, _______________ have to deal with the very real consequences.


Such proclamations are easy _______________ from the high

A) making B) made
C) for making D) to make
 
Answer & Explanation Answer: D) to make

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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.


And then, a few glorious minutes ______________, it was time to reluctantly head ashore. ____________ time, the strokes were more fluid, the movements more relaxed. I turned back one last time ____________ hello to a clown fish, the reason why I came to the Andamans. As I watched, it played hide-and-seek _________ a sea anemone, before frisking away. Suddenly, I realised a kinship with the blue waters ___________ the Bay of Bengal.


hide-and-seek _________ a sea anemone, before frisking away.

A) to B) for
C) from D) with
 
Answer & Explanation Answer: D) with

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".
She (starts walks) without responding.

A) start walking B) started walking
C) starting walking D) no improvement
 
Answer & Explanation Answer: B) started walking

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