Questions

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:

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:

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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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.

______________ reader can add to the list and to the possibilities of a new ethical and moral politics _________________ requires a Gandhian inventiveness of ritual and politics. What I wish to add is a ___________________. The rituals of apology and the question of justice, reconciliation and ethical repair are not easy. They require a rigour and an inventiveness _____________ ethical thinking which ___________________ new experiments with the idea of truth and healing in India.


______________ reader can add to the list

A) One B) Some
C) Each D) Anyone
 
Answer & Explanation Answer: C) Each

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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".

he returned from an _______________ journey.

A) impending B) brewing
C) approaching D) looming
 
Answer & Explanation Answer: A) impending

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select ‘No Error’.

 

A business venture or one’s own personal life has greater chances (1)/ of experiencing success and fulfillment, (2)/ if the outlook is more temperate to indifferent or radical. (3)/ No error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

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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.

 

To know ______ reality, the powers of the mind need to be turned back upon itself. With concentration, the mind can ______ its innermost secrets, just as the darkest places reveal their secrets to the penetrating rays of light. We can then ______ soul truths, whether life exists for five minutes or for ______, and whether there is a God. To go beyond the mind and our present reality, we need to use the mind itself as a tool. Patanjali, in his Hatha Yoga Pradipika, stated, “Yoga is the ______ of the modifications of the mind.”

 

To know ______ reality,

A) innate B) extrinsic
C) learned D) atypical
 
Answer & Explanation Answer: A) innate

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