Questions

Q:

Which of the following is NOT included in general methodology while assessing the national income?

A) Pension B) Investment Expenditure
C) Value added D) Consumption Expenditure
 
Answer & Explanation Answer: A) Pension

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Q:

The consumption schedule is such that

A) the MPC and the APC must be equal at all levels of income. B) the APC is constant and the MPC declines as income rises.
C) both the APC and the MPC increase as income rises. D) the MPC is constant and the APC declines as income rises.
 
Answer & Explanation Answer: D) the MPC is constant and the APC declines as income rises.

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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 vast majority of people are consuming (1)/ suboptimal amounts of most micronutrients (2)/ and most of the micronutrients concerning are very safe. (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.


This was enough ___________ the book store-owner-turned librarian Husain to asses its valuable contents. "The preface of the book read: 'painters __________ technical knowledge to paint, but lack to understand nature, ______________ they fail to create a masterpiece," points out Husain, adding, "All I ______________ in my life is about books and from books. The grand library ___________ the palace is a cache of knowledge."


The grand library ___________ the palace is a cache of knowledge.

A) from B) at
C) to D) off
 
Answer & Explanation Answer: B) at

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Q:

Who was conferred the Arjuna Award for wrestling in 2015?

A) Babita Kumari B) Abhilasha Shashikant
C) Yumnan Sanathoi Devi D) M.R. Poovamma
 
Answer & Explanation Answer: A) Babita Kumari

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Filed Under: Honours and Awards
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Q:

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

A) Tamil Nadu B) Kerala
C) Andhra Pradesh D) Delhi
 
Answer & Explanation Answer: D) Delhi

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Q:

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

 


Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers.

 


What does not seem as not good or normal in the context of this essay?

 

A) the new interest in free market B) being captivated by spell of the free market
C) that which does not accord with the requirement of the free market D) the economists who are captivated by the free market
 
Answer & Explanation Answer: C) that which does not accord with the requirement of the free market

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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.

 

It is a delight _______________ the illuminating thoughts which came to the minds of these men; and, on the other hand, it is amusing to see how ________________ they launched ________________ on boundless seas when they were unprovided with chart and compass. They were _________ brilliant children, who know little of the dangers of the great world, but are ready to undertake anything. These philosophers regarded all knowledge as their province, and did __________ despair of governing so great a realm.

 

they launched ________________ on boundless seas when they were unprovided

 

A) them B) their
C) they D) themselves
 
Answer & Explanation Answer: D) themselves

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