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:

Which of the following best describes monetary policy?

A) Managing the economy by controlling the money supply B) Determining the design printed on the national currency
C) Regulating transactions in the currency exchange market D) Raising and lowering the foreign exchange rate
 
Answer & Explanation Answer: A) Managing the economy by controlling the money supply

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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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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.

The quest for a _____ life engrosses every human being on this earth. Everyman tends to define a happy life in a _____ individualistic fashion. _____have attempted to define a happy life in various terms. Hedonists have a _____ notion that happiness lies in the _____ of physical appetites.

The quest for a _____ life engrosses every human being

A) simple B) sad
C) happy D) real
 
Answer & Explanation Answer: C) happy

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Q:

India was able to achieve the fiscal deficit target for the Financial Year 2016-17. It was how much percent of GDP?

A) 3.50% B) 4.20%
C) 3.00% D) 2.50%
 
Answer & Explanation Answer: A) 3.50%

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Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores B) Rs. 52 crores
C) Rs. 18 crores D) Rs. 38 crores
 
Answer & Explanation Answer: C) Rs. 18 crores

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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.
The girl said to her partner, "You will have to dance better than this tomorrow."

A) The girl said to her partner that he will have to dance better than that the day after. B) The girl said to her partner that he would have to dance better than this the day after.
C) The girl said to her partner that he would have to dance better than that the day after. D) The girl said to her partner that he will have to dance better than this the day after.
 
Answer & Explanation Answer: C) The girl said to her partner that he would have to dance better than that the day after.

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