Questions

Q:

In which of the following market forms, a firm does not exercise control over price?

A) Monopoly B) Perfect competition
C) Oligopoly D) Monopolistic competition
 
Answer & Explanation Answer: B) Perfect competition

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Q:

A minimum wage _____.

A) is the price floor below which workers may not sell their labor B) is set at a price below the equilibrium wage
C) creates a price ceiling below which the wage cannot legally go D) decreases unemployment
 
Answer & Explanation Answer: A) is the price floor below which workers may not sell their labor

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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.

 

Once ______________, it is that time of the year when the examination results season may be just ending and the admissions season is in progress, and marked by a _________________ of two contradictory voices — often from the same people — that rose to deafening ____________ from April to May when the results of various school boards _________________. The first voice __________________ those who succeeded and did wondrously well.

 

the results of various school boards _________________.

 

A) are declaring B) declare
C) were being declared D) were declared
 
Answer & Explanation Answer: D) were declared

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

Blessing in disguise

 

A) Good fortune always follows bad; that is the way of fate. B) An apparent misfortune that eventually has good results.
C) If a curse makes one stronger than it is a blessing. D) A life of hardship does wonders for a person's character.
 
Answer & Explanation Answer: B) An apparent misfortune that eventually has good results.

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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the words/sentence.

 

Recklessly extravagant or wasteful in the use of resources

 

A) Profligate B) Churlish
C) Harpy D) Hoarder
 
Answer & Explanation Answer: A) Profligate

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Q:

In the following question, out of the given four alternatives, select the one which is opposite in meaning of the given word.

 

Adjure

 

A) Order   B) Require  
C) Advise   D) Disclaim
 
Answer & Explanation Answer: D) Disclaim

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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'.

 

The postman travelled by the cycle, often wading through (1)/ swamps or passed through jungles (2)/in order to reach the villages (3)/ No error (4)

 

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

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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 course of the development of different life-forms heredity—which, in plain English, is unconscious memory generated in the first life-form and ______________ through all the different species—is the sole factor in the ____________ of the parent properties; while adaptation to surrounding conditions and circumstances, natural selection in the struggle _____________ existence, and partner selection in the struggle of the males for ____________ are the principal factors in the differentiation of species.

 

the struggle of the males for ____________ are the principal factors

 

A) females B) feminity
C) feminine D) woman
 
Answer & Explanation Answer: A) females

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