Questions

Q:

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?

A) 80 units B) 90 units
C) 60 units D) 50 units
 
Answer & Explanation Answer: C) 60 units

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Q:

Purchase of fixed assets on credit is originally recorded in

A) Purchases book B) Journal Proper
C) Cash book D) Ledger
 
Answer & Explanation Answer: B) Journal Proper

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Q:

One of the techniques used for desalination of sea water is

A) Filtration B) Distillation
C) Evaporation D) Condensation
 
Answer & Explanation Answer: B) Distillation

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Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent B) 7.8 percent
C) 10.2 percent D) 10 percent
 
Answer & Explanation Answer: A) 7.5 percent

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Q:

Under GST regime, in ‘Composition Scheme’, taxpayers have to fill returns ______.

A) Monthly B) Half-yearly
C) Quarterly D) Bi-Monthly
 
Answer & Explanation Answer: C) Quarterly

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Q:

What denotes offering several products for sale as one combined product?

A) Advertisement B) Product mix
C) Product bundling D) Differentiation
 
Answer & Explanation Answer: C) Product bundling

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Q:

In the following questions, 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.


Language, they say, is the _____ through which human beings perceive the world. If so, English is perhaps the most _____ lens through which to see animals. It has _____ a cross eyed view of birds, beasts, fish and fowl. The very word “animal” can _____ the brutish and the sensual. Animal _____ imply baseness and vulgarity.
If so, English is perhaps the most _____ lens through which to see animals.

A) distorting B) disturbing
C) popular D) useful
 
Answer & Explanation Answer: A) distorting

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) Tell me the name of B) a country where every citizen is law-abiding
C) and no trouble is there D) No error
 
Answer & Explanation Answer: C) and no trouble is there

Explanation:

Error is in third part. Here, “there” is an adverb that qualifies the verb ‘is’. The position of ‘there’ in the sentence is incorrect. The correct usage should be ‘there is no trouble’. It indicates the absence of any trouble in a country.

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