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.

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

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

No one responded to Rahul's query.

Select the missing number from the given responses.

From the given alternatives, select the word which CANNOT be formed using the letters of the given word.

Mindboggling

In the following passage some of the words have been left out. Read the passage carefully and choose the correct answer for the given blank out of the four alternatives.

The nation has been _____as a relatively extensive, territorial relation of nativity. We have further formulated the_____of the nation as a territorially_____, yet bounded, social relation for the generation, transmission, and ____of life. When the nation is a national state, it is also a_____for the protection of life. The nation is often ______by the metaphor of familial relations and, indeed, has sometimes been considered as some kind of_____family. This is understandable because both the nation and the family are relations of_____. Nonetheless, there is an important difference, and to understand this will _____a more detailed examination of the_____ between territory and bonding.

When the nation is a national state, it is also a ______ for the protection of life.

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.

Fraternity, then, was meant to complement civil rights, _______________ to destroy them. The _____________________ framers did not use this symbolic term for a court to come along 66 years _________________, and ______________________ it for the purposes of subordinating individual rights to some mythic notion of community harmony, entirely submerging the individual _______________ the society.

and ______________________ it for the purposes of subordinating individual rights

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

To sell (stocks or other securities or commodities) in advance of acquiring them, with the aim of making a profit when the price falls.

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best express the same sentence in Indirect/Direct speech.

Abhay said to Veena, " Are you coming to the Reception?"