Questions

Q:

Which   one   of   the   following   statements about the justice Party is not correct?

A) It  clamoured  for  the  same  kind  of separate  communal  representation  for the Non-Brahmins as had been granted to  the  Muslims  by  the  Morley-Minto Reforms. B) It   was   patronized   mainly   by   richer landowning   and   urban   middle   class Non-Brahmins.
C) It  succeeded  in  getting  the  provision for  28  reserved  seats  for  the  Non-Brahmins  in  the  Montagu-Chelmsford Reforms. D) It   supported  the   call   given   by   the Congress toboycott elections in 1920.
 
Answer & Explanation Answer: D) It   supported  the   call   given   by   the Congress toboycott elections in 1920.

Explanation:

The Justice  Party  was  a  political party in the Madras Presidency of British  India.  It  was founded    byT.    M.    Nairand P. Theagaraya     Chetty     in     1916. Communal division between Brahminsand non-Brahmins  began  in  the  presidency during   the   late-19th   and   early-20th century, mainly due to caste prejudices and disproportionate Brahminical representation in government jobs. The    Justice    Party's    foundation marked  the  culmination  of  several efforts to establish  an organisation to  represent  the  non-Brahmins  in Madras.  Founders  of  Justice  Party though  that  Congress  was  mainly Brahmin    party,    so    it    started opposing Congress

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Q:

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

He was sworn _____ as the Prime Minister of our country

A) in B) off
C) about D) it
 
Answer & Explanation Answer: A) in

Explanation:
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Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores B) Rs. 52 crores
C) Rs. 18 crores D) Rs. 38 crores
 
Answer & Explanation Answer: C) Rs. 18 crores

Explanation:
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Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores B) Rs 43.5 crores
C) Rs 76.5 crores D) Rs 78.5 crores
 
Answer & Explanation Answer: D) Rs 78.5 crores

Explanation:
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Q:

What denotes offering several products for sale as one combined product?

A) Advertisement B) Product mix
C) Product bundling D) Differentiation
 
Answer & Explanation Answer: C) Product bundling

Explanation:
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Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3% B) 10%
C) 2.50% D) 7%
 
Answer & Explanation Answer: B) 10%

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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.


Democracy should _____ dignity of the individual. It should also aim at the _____ good of the greatest _____. The opposition party should _____ the wrong plans,
policies and decisions of the government in power. The government should cater to the _____ needs of the people to make its position solid.


of the greatest _____. The opposition party

A) people B) digit
C) number D)  individual
 
Answer & Explanation Answer: C) number

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 a sentence is free from error, select 'No Error'.
The reason Priya was late (1)/ to the meeting is because her (2)/ flight was delayed. (3)/ No Error (4)

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

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