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.

Who, according to the economists, are the right group of people to set the price of a commodity?

Read the passage carefully and select the best answer to each question out of the given four alternatives.

One should consciously engage in activities that will nourish your soul. Just as we nourish the body, we need to nurture the soul to connect to the creative power of the universe and to manifest joy in our lives. Often, we forget to address the soul, lost as we are in a jungle of material and sensual pleasures. But the more you embrace what feeds your soul, the happier you become. So if you want to enjoy the abundance of life, engage in what enriches your soul. Nurturing the soul is all about finding calm amidst chaos. There are a number of practices that empower people towards this end including silent contemplation, various forms of meditation, yoga and tai chi However, the rigor and discipline involved in the pursuit of such practices often seems to discourage people. Add to this, the temptations of the material world that leave little time and motivation for anyone to pursue the spiritual path. Poet Walt Whitman declared: “Whatever satisfies the soul is truth”. The good news is that simple, everyday activities can also nutrify the soul — like spending time in the midst of nature, dancing in the rain or just putting thoughts on paper. Do whatever is calming and pleases you. Creative pursuits are particularly appealing as inside each one of us, there is an artist craving for release and awaiting an opportunity for expression. One of the ways to indulge the artist within is to get started with the practice of any one or more of the creative art forms such as music, singing, dancing, acting, drawing, painting, sculpting, poetry, fiction or essay writing.

When you engage in such soul nourishing activities, all thought and energy gets focused toward goal accomplishment. At this point, you will find that even unknown forces of the universe are conniving to assist you in your amateurish but sincere attempts. As you progress, you are motivated to do better. You touch and access a faculty, a part of you that you never knew existed. Your inner artist is unleashed, baring the beauty of your soul that has found a fond medium of expression. For instance, a sculptor’s soul is seen in his artwork; a musician’s in his compositions; an actor’s in his acting, a painter’s in his paintings and so on. It is immaterial whether your effort is an immaculate artwork or just a clumsy attempt by a layperson. The idea is to try, be inspired and to create giving free rein to the mind. As Michelangelo remarked: “I saw the angel in the marble and carved until I set him free”!

According to the passage, what makes us really happy?

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.

She always took her medicines on time.

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.

____________________ some respects, this is unsurprising. Many of these laws do not have an _______________ political flavour. The rule against admitting _______________ evidence, for instance, is a result of simple good sense and a keen awareness of human ______________, independent of the relationship between the ruler and the ruled. The same ________________ for the laws of property and contract.

Many of these laws do not have an _______________ political flavour.

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.

us to distinguish ______________ the good reasoning 

In the following question, four words are given out of which one word is correctly spelt. Select the correctly spelt word.

Accounting principles are generally based on

Which Indian author has chronicled the life in the Kumaon hills in the book 'Things to Leave Behind'?