Questions

Q:

__________________ is a good whose quantity demanded decreases when consumer income rises.

A) Veblen good B) normal good
C) exclusive good D) inferior good
 
Answer & Explanation Answer: D) inferior good

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Q:

The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.

A) Resource Probability Set B) Production Probability Set
C) Resource Possibility Set D) Production Possibility Set
 
Answer & Explanation Answer: D) Production Possibility Set

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Filed Under: Indian Economy
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Q:

Which is the most important factor that determines whether advertising by manufacturing sector will lead to higher sales?

A) Demand is elastic B) Demand is inelastic
C) The product can be differentiated D) The product can be homogenous.
 
Answer & Explanation Answer: C) The product can be differentiated

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Filed Under: Indian Economy
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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 asentence is free from error, select 'No Error'.

1. The 26th of January was chosen 

2. to commemorate the Purna Swaraj

3. declaration for the complete independence, of 1930.

4. No error

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

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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.

 

All this suggests the intimate relations which exist between history, politics, and sociology. The ____________ thing, however, is not the identities but the distinctions.For, however much the _____________ disciplines may, in practice, overlap, it is necessary ________ the sake of clear thinking to have their limits defined. As far _______sociology and history are concerned the differences may be summed up in a word. __________ history and sociology are concerned with the life of man as man.

 

 

it is necessary ________ the sake of clear thinking

 

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

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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.

 

Teachers worldwide are stuck in a constant balancing __________ between individual liberty and occupational obligations. The Indian teacher is _________ stuck in tremendous technological, political and sociocultural changes, which are having ________ impact on performance and lifestyle. It goes without saying that teachers in India need to redefine and adjust their _____________ to develop transformational and humane skills by helping bridge the deep-rooted ______________ distance between the teacher and the taught.

 

which are having ________ impact on performance

 

A) a B) the
C) an D) one
 
Answer & Explanation Answer: C) an

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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.

 

It is a proverbial ___________, that every one makes his own destiny; and __________ is usually interpreted, that every one, by his wise ______ unwise conduct, preparesgood or evil for himself: but we may also understand it, that whatever it be that he receives _________ the hand of Providence, he may so accommodate __________ toit, that he will find his lot good for him, however much may seem to others to be wanting.

 

It is a proverbial ___________, that every one makes

 

A) say B) said
C) saying D) says
 
Answer & Explanation Answer: C) saying

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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.

 

Living as _________ educated individual in a free society, I felt that we continue to unknowingly hold some biases that we develop _________ time. It requires many maturity updates to install in your psychological system, and at ___________ conscious efforts to develop a good sense of __________. I was small at that time, but with age and experience I absolutely _____________ and approved each and every word my uncle had said that day.

 

system, and at ___________ conscious efforts

 

 

A) times B) time
C) timely D) timing
 
Answer & Explanation Answer: A) times

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