Questions

Q:

Which of the following is NOT included in general methodology while assessing the national income?

A) Pension B) Investment Expenditure
C) Value added D) Consumption Expenditure
 
Answer & Explanation Answer: A) Pension

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Q:

The consumption schedule is such that

A) the MPC and the APC must be equal at all levels of income. B) the APC is constant and the MPC declines as income rises.
C) both the APC and the MPC increase as income rises. D) the MPC is constant and the APC declines as income rises.
 
Answer & Explanation Answer: D) the MPC is constant and the APC declines as income rises.

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the fourand indicate it by selecting the appropriate option.

I ______ not attend the party

A) probably be B) will be
C) won’t D) shall
 
Answer & Explanation Answer: D) shall

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options


P: Very seldom do we actually go out and do something, which is beneficial to the society without thinking of our own side benefit of it.
Q: This is something that we have been falling short of.
R: Every society must develop in its people a social responsibility.
S: We are very individualistic and don’t relate ourselves to our society as such.

A) RQSP B) QRSP
C) QSRP D) QPRS
 
Answer & Explanation Answer: A) RQSP

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

I said to my friends, "let us go to a picnic for a change".

A) I asked my friends if they would go to a picnic for a change. B) I asked my friends to go to a picnic for a change.
C)  I permitted my friends to go to a picnic for a change. D) I suggested to my friends that we should go to a picnic for a change.
 
Answer & Explanation Answer: D) I suggested to my friends that we should go to a picnic for a change.

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Q:

If cash reserve ratio decreases, credit creation will _______.

A) increase B) decrease
C) does not change D) first decreases than increases
 
Answer & Explanation Answer: A) increase

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Q:

For a price taking firm, average revenue is ______ market price.

A) half of B) equal to
C) double of D) less than
 
Answer & Explanation Answer: B) equal to

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Q:

Strait of Gibraltar connects which of the following?

A) Red Sea ­ Mediterranean Sea B) Red Sea ­ Arabian Sea
C) Atlantic Ocean ­ Mediterranean Sea D) Mediterranean Sea ­ Black Sea
 
Answer & Explanation Answer: C) Atlantic Ocean ­ Mediterranean Sea

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