Questions

Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

Macro economics deals with

A) the circular flow of income B) the decision making of a single economic variable like demand
C) resource allocation at firm level D) equilibrium prices and quantities
 
Answer & Explanation Answer: A) the circular flow of income

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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 scene will now shift to obtaining __________________ instruments of ratification to bring the agreement into force _________________ 2020, the first year of its________________ implementation. The agreement will enter into force with the ratification of ______________ 55 countries, whose aggregate greenhouse gas (GHG) emissions ________________ at least 55 per cent of global emissions.


bring the agreement into force _________________ 2020

A) on B) before
C) at D) previous
 
Answer & Explanation Answer: B) before

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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 get up on the wrong side of the bed

A) to find oneself in a strange place when one wakes up especially after drinking a lot previous night B) to start the day in a bad mood which continues all day long
C) to argue with your spouse D) to roll a lot in bed while sleeping
 
Answer & Explanation Answer: B) to start the day in a bad mood which continues all day long

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Q:

In the following passage some of the words have been left out. Read the passage carefully and choose the correct answer for the given blank out of the four alternatives.

 


The conditions ______ which democracy can _______ are _______ to ________ ; but one thing is _______ that democracy is always a slow growth, whereas dictators may _____ to ______ and _______ a new _______ with dramatic success, under _______ conditions.

 


whereas dictators may _____

 

A) rise B) jump
C) grow D) succeed
 
Answer & Explanation Answer: A) rise

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Q:

In the following question, sentence given with blank to be filled in with an appropriate word(s). Four alternatives are suggested for the question. Choose the correct alternative out of the four and indicate it by selecting the appropriate option.

 

The army has been __________ to be ready to control the floods.

 

A) alerted B) warned
C) awakened D) wanted
 
Answer & Explanation Answer: A) alerted

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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 viability of the multinational corporate system (1)/ depends upon the degree in which (2)/ people will tolerate the unevenness it creates. (3)/ No error (4)

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

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Q:

Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.


Learning is the knowledge of that which is not generally known to others, and which we can only derive at second­hand from books or other artificial sources. The knowledge of that which is before us, or about us, which appeals to our experience, passions, and pursuits, to the bosoms and businesses of men, is not learning. Learning is the knowledge of that which none but the learned know. He is the most learned man who knows the most of what is farthest removed from common life and actual observation. The learned man prides himself in the knowledge of names, and dates, not of men or things. He thinks and cares nothing about his next­door neighbours, but he is deeply read in the tribes and castes of the Hindoos and Calmuc Tartars. He can hardly find his way into the next street, though he is acquainted with the exact dimensions of Constantinople and Peking. He does not know whether his oldest acquaintance is a knave or a fool, but he can pronounce a pompous lecture on all the principal characters in history. He cannot tell whether an object is black or white, round or square, and yet he is a professed master of the optics and the rules of perspective.


the knowledge related to the businesses of men

A) knows about all the principal characters in history B) sees not with the eyes of others
C) is acquainted with the streets of Constantinople and Peking D) knows the most of what is farthest removed from common life and actual observation.
 
Answer & Explanation Answer: D) knows the most of what is farthest removed from common life and actual observation.

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