Questions

Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases. B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases. D) if the price of a good increases, the quantity demanded of that good increases.
 
Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

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Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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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:

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'.

 

I shall go (A)/ by the (B)/ 3 o' clock's train. (C) / No error (D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: C) C

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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.

 

To know ______ reality, the powers of the mind need to be turned back upon itself. With concentration, the mind can ______ its innermost secrets, just as the darkest places reveal their secrets to the penetrating rays of light. We can then ______ soul truths, whether life exists for five minutes or for ______, and whether there is a God. To go beyond the mind and our present reality, we need to use the mind itself as a tool. Patanjali, in his Hatha Yoga Pradipika, stated, “Yoga is the ______ of the modifications of the mind.”

 

To know ______ reality,

A) innate B) extrinsic
C) learned D) atypical
 
Answer & Explanation Answer: A) innate

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Q:

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.

 

Had work been resumed by the labourers before the manager arrived?

 

A) Have the labourers resumed work before the arrival of the manager? B) Had the labourers resumed work before the manager arrived?
C) Had they resumed the work before the manager came? D) Had the labourers not resumed work before the manager arrived?
 
Answer & Explanation Answer: B) Had the labourers resumed work before the manager arrived?

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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.

________________ various signs of economic slowdown such as languishing industrial production and adverse __________________of the drought on rural livelihoods and demand, the government is apparently unable ____________________ unwilling to increase public spending to _________________ people’s material distress or to kick-start economic ____________________ to increase employment.


the government is apparently unable ____________________

A) hence B) but
C) or D) nor
 
Answer & Explanation Answer: C) or

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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.


This was enough ___________ the book store-owner-turned librarian Husain to asses its valuable contents. "The preface of the book read: 'painters __________ technical knowledge to paint, but lack to understand nature, ______________ they fail to create a masterpiece," points out Husain, adding, "All I ______________ in my life is about books and from books. The grand library ___________ the palace is a cache of knowledge."


This was enough ___________ the book store-owner-turned librarian

A) for B) of
C) to D) from
 
Answer & Explanation Answer: A) for

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