Questions

Q:

In economic equilibrium _____

A) supply is equal to the demand. B) the surplus is larger than the shortage.
C) elasticity of demand equals elasticity of supply D) price elasticity of demand is unity
 
Answer & Explanation Answer: A) supply is equal to the demand.

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Q:

Reema wants to buy a certain designer party dress. The shop is offering a discount of 20% on that dress which is marked at Rs 5000. If Reema was willing to pay even Rs 7000 for that dress, Reema's consumer surplus is

A) Rs 3000 B) Rs 2000
C) Rs 1000 D) Rs 7000
 
Answer & Explanation Answer: A) Rs 3000

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Q:

Which of the following is considered a "diversified" investment?

A) Index Fund B) Mutual Fund
C) Both of these D) Neither of these
 
Answer & Explanation Answer: C) Both of these

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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 abuse of phrases and the misuse of words rife among us can be checked __________ diligent exercises in good English, such as this book provides. ___________exercises, in conjunction __________ others to be found in different volumes by the same author, will serve to correct careless diction and slovenly speech, and lead to the art of speaking and writing correctly; for, after all, ___________ in the use of words is more a matter of habit than of theory, and once it is acquired it becomes just as easy to speak or to write good English _____________ bad English.

 

write good English _____________ bad English.

 

A) so B) such  
C) as D) like
 
Answer & Explanation Answer: C) as

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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".

 

The battle (had been raging) for some time.

 

A) have been raging B) have been raged
C) had being raged D) no improvement
 
Answer & Explanation Answer: D) no improvement

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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.

 

So, in asking you to consider the processes of reasoning we are ________ assuming that you never have reasoned--_________ the contrary we are fully aware that you in connection __________ every other person, have reasoned all your mature life. That is not the question. While everyone reasons, the fact is __________ true that the majority of persons reason incorrectly. Many persons reason ______________ lines far from correct and scientific, and suffer therefor and thereby.

 

reasoning we are ________ assuming that you.

 

A) no B) not
C) none D) nor
 
Answer & Explanation Answer: B) not

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Q:

Ping-pong Diplomacy is related to which of the following countries?

A) Myanmar B) Japan
C) China D) Taiwan
 
Answer & Explanation Answer: C) China

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Q:

In April 2017, on the birth anniversary of Dr. B. R. Ambedkar which body announced the winners of Lucky Draw Schemes like ‘Lucky Grahak Yojana’ and ‘Digi-Dhan Vyapar Yojana’?

 

A) Reserve Bank of India B) State Bank of India
C) National Payments Corporation of India D) No option is correct
 
Answer & Explanation Answer: C) National Payments Corporation of India

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