Questions

Q:

The short run marginal cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Q:

Calculate the economic profit for a firm if its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

A) Rs 110 crores B) Rs 300 crores
C) Rs 60 crores D) Rs 250 crores
 
Answer & Explanation Answer: C) Rs 60 crores

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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.

People may see, and hear, and feel all their lives without ____________ learning the nature of things they see. But reason is the mind's eye, and enables us to see why things are, and when and how events may be made to happen ___________ not to happen. The logician endeavours to ____________ exactly what this reason is which makes the power of men. We all, as I have said, must reason well or ill, but logic is the science of reasoning and enables us to distinguish ______________ the good reasoning which leads to truth, and the bad reasoning which every day betrays people into error _________ misfortune.

 

their lives without ____________ learning the nature 

 

A) really B)  real
C) reality D) realise
 
Answer & Explanation Answer: A) really

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

Faith is the only power that can inspire a human being who is in ______.

 

A) flair B) glair
C) stair D) despair
 
Answer & Explanation Answer: D) despair

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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 obviously wrong as the cost of school uniform, books and stationery, and transport, ________ all are under the monopoly of the school, are not included. ______________ private schools want additional money for special occasions like festivals, picnics, ______________ and projects. And they often recommend tuition for the children. None of this ______________ in this cost calculation. However, the family __________ this burden and these items add significantly to the revenue of private schools.

 

______________ private schools want additional money

 

A) Occasionally B) Randomly
C) Rarely D) Mostly
 
Answer & Explanation Answer: A) Occasionally

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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.

 

Irony. __________________word captures our response to the ongoing nationwide drought in more ways than one. We have woken _________ the reality of drought a full six months after the end of monsoon. After waking up, we focus ____________ the drinking water __________ in urban centres and not the multidimensional crisis of life and livelihood in _______________ hinterland.

 

Irony. __________________word captures our response to the ongoing nationwide drought

 

A) This one B) That one
C) One D) A
 
Answer & Explanation Answer: A) This one

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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.

 

We now have a peculiar combination _______________ the economic policy of India: a declared attempt at fiscal consolidation, combined with a _________________ to do what it takes to raise tax revenues. This unfortunate ________________ has meant a squeeze _____________ Central government expenditures, and particularly those relating to social spending that directly ____________ most people in the country.

 

We now have a peculiar combination _______________ the economic policy of India

 

A) into B) in
C) of D) about
 
Answer & Explanation Answer: B) in

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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 make from scratch

 

A) The universe was created out of nothing B) To do something from the beginning
C) To build something out of nothing D) One scratch if neglected will destroy the structure eventually
 
Answer & Explanation Answer: B) To do something from the beginning

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