Questions

Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist B) Socialist
C) Mixed D) Both Capitalist and Socialist
 
Answer & Explanation Answer: A) Capitalist

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Q:

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

A) Deflation B) Stagflation
C) Recession D) Depression
 
Answer & Explanation Answer: B) Stagflation

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Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

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Q:

"Sunrise Industries” are industries _____________

A) which are well developed and have ample scope for further development   B) which improve export performance of the country  
C) which small-scale industries   D) which have high growth potential and meet further requirements of the economy  
 
Answer & Explanation Answer: D) which have high growth potential and meet further requirements of the economy  

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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'.

A rainbow is cause by reflection, refraction, and dispersion (1)/ of light among water droplets resulting in a (2)/ spectrum of light appearing in the sky. (3)/No error (4)

 

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

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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'.

 

“Our focus is to develop and nurture a democratic (1)/ and accommodative space/platform wherever we go, (2)/ so that all kind of arts can flourish. (3)/ No error (4)

 

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

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Q:

In the following question, out of the given four alternatives, select the one which is opposite in meaning of the given word.

 

Punctilious

 

A) Careful B) Formal
C) Exact D) Easy-going
 
Answer & Explanation Answer: D) Easy-going

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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 salaried class may feel hard done by (1)/ and the young may not seeing a swift surge in (2)/ employment opportunities as a result of the Budget proposals.(3)/ No error (4)

 

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

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