Questions

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.

 

Selling a commodity at a price that is not more than that charged by competitors is -

A) rejected by the free market system B) opposed by the advocates of the free market theories
C) considered suspicious by the free market theorists D) recognized by the advocates of the free market theories
 
Answer & Explanation Answer: D) recognized by the advocates of the free market theories

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Q:

The price of a chair is Rs. 500. It has been sold at two succesive discounts of 10% each. What is its selling price?

A) Rs. 400 B) Rs. 405
C) Rs. 415 D) Rs. 425
 
Answer & Explanation Answer: B) Rs. 405

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) Tell me the name of B) a country where every citizen is law-abiding
C) and no trouble is there D) No error
 
Answer & Explanation Answer: C) and no trouble is there

Explanation:

Error is in third part. Here, “there” is an adverb that qualifies the verb ‘is’. The position of ‘there’ in the sentence is incorrect. The correct usage should be ‘there is no trouble’. It indicates the absence of any trouble in a country.

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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'.
Rohit is two year (1)/ junior than Mukesh (2)/ in the office. (3)/ No Error (4)

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

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Q:

In each of the questions, four alternatives are given for the Idiom/Phrase. Choose the alternative which best expresses the meaning of the Idiom/Phrase
and click the button corresponding to it.
Turned down

A) Subject B) Object
C) Reject D) Deject
 
Answer & Explanation Answer: C) Reject

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.


P: “Health is Wealth” is a very old proverb however will be true forever for the humanity.
Q: A healthy person can perform any task however; a wealthy person who is suffering from untreatable disease can never buy a good health.
R: A healthy person (whether rich or poor) lives more happy and peaceful life than any rich person having a diseased body.
S: It indicates a very clear meaning that health is more significant for a person than the wealth.

A) SQRP B) QRPS
C) RPQS D) PSQR
 
Answer & Explanation Answer: D) PSQR

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Q:

Which of the following regions has the highest potential for wind energy?

A) The Deccan Plateau B) Gangetic planes
C) Western Ghats D) The Himalayas
 
Answer & Explanation Answer: C) Western Ghats

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Q:

__________ is defined as the output per unit of variable input

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: D) Average product

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