Questions

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.

A major act of will will bring about price-fixing that will be seen as -

In the following question, a sentence has been given in Active/Passive voice. Out of the four alternatives suggested, select the one which best expresses the same sentence in Passive/Active voice.

The homeowners remodelled the house to help it sell.

SIDO is related to the development of

On 19 September 2017, Law Ministry approved Fugitive Economic Offenders Bill, 2017. It will allow FIU, the premier technical snoop wing under the Finance Ministry, to file an application for declaration of fugitive economic offender. What does ‘I’ stand for in ‘FIU’?

Who among the following dedicated the Chennai - Nashri Tunnel - the longest road tunnel in India - to the nation in April 2017?

According to the Election Commission of India, in order to be recognized as a ‘National Party’, a political party must be treated as a recognized political party in how many States?

Who was the first Speaker of Lok Sabha?

Which one of the following statements is not true of Protection of Women from Domestic violence Act, 2005?