Questions

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.


Targeting inflation comes from a belief that policy should be _________ and transparent, so that the private sector can factor this ___________ their decision-making. The question that this ________ is: are there more "complicated" policies which _________ better? I just note that one such policy is called "nominal income targeting". _____________ it is more complicated and the private sector is deemed to be intellectually challenged.

private sector can factor this ___________ their decision-making.

 

A) into B) in
C) within D) onto
 
Answer & Explanation Answer: A) into

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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.

For a minute, dispel all the mental images and stereotypes; ______________ the jargon of 'opening up,' 'flow,' 'nidra,' and 'balance'. Focus _______ what you need for your body. ___________ you aren't sure, begin here — with just one asana. It's one of the basic ones ___________ I lead every class with. You can do it as a stand-alone piece ____________ begin with it when you're at the gym.

stand-alone piece ____________ begin with it when you're at the gym.

A) or B) nor
C) either D) neither
 
Answer & Explanation Answer: A) or

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Q:

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.

 

I found the box last night in a ditch near my house.

A) The box I found last night in a ditch near my house. B) The box was found last night in a ditch near my house.
C) Last night I found the box in a ditch near my house. D) The box is found last night in a ditch near my house.
 
Answer & Explanation Answer: B) The box was found last night in a ditch near my house.

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Q:

7 workers work in a printing press. Each gets paid Rs 450 per day. The 8th worker demands Rs 500 per day. If this worker is hired then all other workers must be paid Rs 500. The marginal resource (labour) cost of the 8th worker is _______.

A) Rs 50 B) Rs 850
C) Rs 400 D) Rs 100
 
Answer & Explanation Answer: B) Rs 850

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Q:

In a centrally planned economy, the ____________ plans all the important activities in the economy.

A) Industrialists B) Citizens
C) Government D) Judiciary
 
Answer & Explanation Answer: C) Government

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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:

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

A) Rs 7200 B) Rs 9000
C) Rs 14400 D) Rs 19800
 
Answer & Explanation Answer: C) Rs 14400

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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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