Questions

Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist B) Socialist
C) Mixed D) Both Capitalist and Socialist
 
Answer & Explanation Answer: A) Capitalist

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Q:

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

A) same B) higher
C) lower D) minimum
 
Answer & Explanation Answer: A) same

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Q:

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

A) Deflation B) Stagflation
C) Recession D) Depression
 
Answer & Explanation Answer: B) Stagflation

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Q:

Increase in the demand for a good will cause the equilibrium price of the good to ________ and the equilibrium quantity to _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: A) increase; increase

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Q:

In the following questions, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

Literature is a _____ through which a person conveys his ideas towards or protest _____ different norms of society. The words that deal with a _____ issue are ofparticular importance in literature. They are _____ with a particular purpose in _____.

Literature is a _____ through which a person

A) base B) medium
C) source D) subject
 
Answer & Explanation Answer: B) medium

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Q:

In the following questions, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

Literature is a _____ through which a person conveys his ideas towards or protest _____ different norms of society. The words that deal with a _____ issue are ofparticular importance in literature.They are _____ with a particular purpose in _____.

 

conveys his ideas towards or protest _____ different norms

A) against B) for
C) in D) off
 
Answer & Explanation Answer: A) against

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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 quest for a _____ life engrosses every human being on this earth. Everyman tends to define a happy life in a _____ individualistic fashion. _____have attempted to define a happy life in various terms. Hedonists have a _____ notion that happiness lies in the _____ of physical appetites.

in various terms. Hedonists have a _____ notion

A) complex B) distinct
C) varied D) simple
 
Answer & Explanation Answer: D) simple

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Q:

Which institute launches Bharat Inclusive Initiative?

A) IIT Bombay B) IIM Ahmedabad
C) IIT Kharagpur D) IIM Calcutta
 
Answer & Explanation Answer: B) IIM Ahmedabad

Explanation:

IIM Ahmedabad launches Bharat Inclusive Initiative.
IIM-Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched a Bharat Inclusion Initiative to build knowledge and foster innovation and entrepreneurial activity across areas such as financial inclusion, livelihood, education and
health. Centre for Innovation Incubation and Entrepreneurship (CIIE) at IIM Ahmedabad helps entrepreneurs turn ideas into viable businesses.

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