Questions

Q:

Economics assumes that

A) people have unlimited desires but limited resources B) people have limited desires but unlimited resources
C) allocation of resources if not centrally planned will cause inefficiency D) people are emotional and make irrational decisions
 
Answer & Explanation Answer: A) people have unlimited desires but limited resources

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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:

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 quest for a _____ life engrosses every human being on this earth. Everyman tends to define a happy life in a _____ individualistic fashion. _____have attempted to define a happy life in various terms. Hedonists have a _____ notion that happiness lies in the _____ of physical appetites.

on this earth. Everyman tends to define a happy life in a _____ individualistic fashion.

A) distinctly B) identically
C) similar D) serious
 
Answer & Explanation Answer: A) distinctly

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Q:

Which country hosted the Asian Women's Boxing Championship in 2017 when India's iconic boxer Mary Kom won gold?

A) Vietnam B) China
C) Indonesia D) Japan
 
Answer & Explanation Answer: A) Vietnam

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Q:

Two football players A and B from opposing teams start from the same corner. A runs 35 m East, then 15 m South, turns to his right and runs 60 m.Meanwhile B runs 20 m North, then 25 m West, turns left and runs 20 m. What is the position of B with respect to A?

A) 15 m North B) 5 m North
C) 15 m South D) 5 m South
 
Answer & Explanation Answer: A) 15 m North

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Q:

Find the odd word/letters/number from the given alternatives.

A) 93 B) 79
C) 97 D) 89
 
Answer & Explanation Answer: A) 93

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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.

 

They said, "This is the stadium where we had won the match."

A) They said that that was the stadium where they had won the match. B) They said that that was the stadium where they had won that match.
C) They said that that is the stadium where they had won the match. D) They said that that is the stadium where they had won that match.
 
Answer & Explanation Answer: A) They said that that was the stadium where they had won the match.

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

To heave a sigh of relief

A) To ecome very tired with routine or boring work B) To suddenly feel very happy because something unpleasant has not happened or has ended
C) To Feel extremely sad over someone else's misfortune D) To Feel silent anger over real or perceived injustice
 
Answer & Explanation Answer: B) To suddenly feel very happy because something unpleasant has not happened or has ended

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