Questions

Q:

The demand curve facing a perfectly competitive firm is

A) downward sloping B) perfectly inelastic
C) a concave curve D) perfectly elastic
 
Answer & Explanation Answer: D) perfectly elastic

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Q:

Calculate a country's GDP if for the year, consumer spending is $900 million, government spending is $250 million, investment by businesses is $180 million, exports are $85 million and imports are $100 million.

A) $1345 million B) $1315 million
C) $955 million D) $815 million
 
Answer & Explanation Answer: B) $1315 million

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Q:

Increase in the demand for a good will cause the equilibrium price of the good to ________ and the equilibrium quantity to _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: A) increase; increase

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Q:

In the given question, a statement divided into different segments is given. The first segment is fixed, rearrange the other segments to form a coherent statement.

The dissolution of the assembly/ in the state which was (P)/ was followed by a prolonged (Q)/ already marred with political instability (R)/ tug of war for seizing the power (S)

A) RSPQ B) QSRP
C) PSRQ D) PRQS
 
Answer & Explanation Answer: D) PRQS

Explanation:

Clearly, R and S can't follow the first segment. This eliminates option 1.

Option 2: It is incorrect since P ends with was, which can't be used to end the statement.

Option 3: It is incorrect since the statement can't end in 'by a prolonged'.

Option 4: It makes a coherent statement; hence put it on hold.

Option 5: It is incorrect because P ends in 'was' and Q begins with 'was'.

Two 'was' can't be used together. Hence, the correct sequence is PRQS.

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Q:

In the given question, a statement divided into different segments is given. The first segment is fixed, rearrange the other segments to form a coherent statement.

The federation was keen on maintaining an/ exclusive membership profile and thus introduced (P)/ segregational policies adopted by premier organizations (Q)/ an invite- only policy for the new entrants (R)/ causing a sudden outcry against the (S)

A) PRSQ B) SRPQ
C) PQRS D) QSRP
 
Answer & Explanation Answer: A) PRSQ

Explanation:

'an' at the end of the first fixed segment indicates that Q, R and S can't follow the first segment. This leaves us with only one choice i.e. P. This eliminates options 2, 4, and 5.

There are only two such options: option A1and 3. Option 3 can be eliminated since part S ends with 'the' which can't be used as the end of the master statement. Hence, the correct sequence is PRSQ

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Q:

Which of the following pairs (school of paintings and region where it flourished) is correctly matched?

 

A) Kalighat Paintings - Kolkata B) Phad (scroll paintings) - Punjab
C) Madhubani Paintings - Bihar D) Kalamkari - Andhra Pradesh
 
Answer & Explanation Answer: B) Phad (scroll paintings) - Punjab

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Q:

Article 39A of the Indian Constitution "Equal justice and free legal aid" deals with?

A) the State Government B) the directive principles of state policy
C) the Union Government D) the fundamental rights of the Indian Citizen
 
Answer & Explanation Answer: B) the directive principles of state policy

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Q:

Who is the current director of Research and Analysis Wing (RAW), India's foreign intelligence service?

A) Kiran Bedi B) Anil Kumar Dhasmana
C) Dineshwar Sharma D) Ajit Doval
 
Answer & Explanation Answer: B) Anil Kumar Dhasmana

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