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.

 

Violence takes a heavy toll and affects public life ______. High or low, known or unknown, rich or poor, popular or unpopular, no one is safe or secure today. It
appears that one can harm anybody at any time and at ______. A mad and sad rat race is on to make money and ______ power at any cost and by any means. The
result is that no political party or group can now ______ into claim to total innocence in so far as ______ of violence against innocent person for personal or political
gains is concerned. Violent demonstrations, rallies, hartals have become the order of the day.

 

Violence takes a heavy toll and affects public life ______.

 

A) adversely B) moderately
C) relatively D) ultimately
 
Answer & Explanation Answer: A) adversely

Explanation:
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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 asentence is free from error, select 'No Error'.

Internet Service Providers (ISPs) should provide us (1)/ with open networks and should not block or discriminate for (2)/ any application or content that rides overthose networks. (3)/ No error (4)

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

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Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers B) Income of consumers remains constant
C) Consumers are affected by demonstration effect D) There are no changes in the price of substitute goods.
 
Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Q:

The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.

A) Price B) Substitution
C) Supply D) Demand
 
Answer & Explanation Answer: D) Demand

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Q:

__________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: A) Law of diminishing marginal product

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Q:

As per RBI In October 2017, Gross Non-Performing Assets (GNPA) ratio for NBFCs increased to what percentage till March 2017?

 

A) 2 B) 5
C) 10 D) 20
 
Answer & Explanation Answer: B) 5

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Q:

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.
The seawater eventually corroded the pillars of the bridge.

A) Eventually the pillars of the bridge are being corroded by the seawater. B) Eventually the pillars of the bridge have been corroded by the seawater.
C) The pillars of the bridge were eventually corroded by the seawater. D) The pillars of the bridge have been eventually corroded by the seawater.
 
Answer & Explanation Answer: C) The pillars of the bridge were eventually corroded by the seawater.

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Q:

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

 

She said, "I will have my report finished by tomorrow."

A) She said that she would have her report finished by tomorrow. B) She said that she will have her report finished by the next day.
C) She said that she will have her report finished by tomorrow. D) She said that she would have her report finished by the next day.
 
Answer & Explanation Answer: D) She said that she would have her report finished by the next day.

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