Questions

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.

While language as the medium ___________ thought may be compared to air as the medium of the sun's influence, in other _____________ it is like the skin of the body; a scurvy skin shows bad blood within, and a scurvy language shows inaccurate thought ___________ a confused mind. And as a disease once fixed on the skin reacts and poisons the blood in turn as it has first been poisoned by the blood, so careless use of language __________ indulged reacts on the mind to make it permanently and increasingly _____________, illogical, and inaccurate in its thinking.

increasingly _____________, illogical, and

A) carelessness B) carelessly
C) careless D) care less
 
Answer & Explanation Answer: C) careless

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Q:

The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?

A) Macroeconomics B) Econometrics
C) Microeconomics D) Heterodox Economics
 
Answer & Explanation Answer: C) Microeconomics

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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.

P- Granted, political defection is increasingly less an act of ideological defiance than one of pure opportunism.

Q- Yet, for all it flaws, the current law recognizes and respects one fundamental principle: The right to dissent.

R- A blanket ban on defection will weaken rather than strengthen democracy, in whose name it is being sought to be imposed.

S- Granted also that it is illogical to allow a third of the party to split but not in a lesser number.

A) RPSQ B) PSRQ
C) RSPQ D) PRSQ
 
Answer & Explanation Answer: A) RPSQ

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Q:

Which among the following is an example of micro-economic variable?

A) National Income B) Aggregate Supply
C) Employment D) Consumer's Equilibrium
 
Answer & Explanation Answer: D) Consumer's Equilibrium

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Q:

____________ is the relationship between the variable input and output, keeping all other inputs are held constant.

A) Total product B) Average product
C) Isoquant D) The Long Run
 
Answer & Explanation Answer: A) Total product

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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:

A manufacturer faces price elasticity of demand of a ­1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be _____.

A) 5.15 percent B) 7.65 percent
C) 8 percent D) 5.12 percent
 
Answer & Explanation Answer: C) 8 percent

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