Questions

Q:

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

 


Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers.

 

Selling a commodity at a price that is not more than that charged by competitors is -

A) rejected by the free market system B) opposed by the advocates of the free market theories
C) considered suspicious by the free market theorists D) recognized by the advocates of the free market theories
 
Answer & Explanation Answer: D) recognized by the advocates of the free market theories

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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.

 

Anti­apartheid activist Desmond Tutu is even more hard­headed when he says, "In almost ____________ language, the most difficult words are 'I am sorry’." Mr. Tutu adds that ______________ reconciliations can only lead to spurious healing. _____________ him forgiveness is a wager, an ethical wager on the future of ______________ relationship. This is why the few events of apology which stand up to _____________ scrutiny deserve to be treasured.

 

an ethical wager on the future of ______________ relationship.

 

A) the B) a
C) them D) him
 
Answer & Explanation Answer: B) a

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

 

With all this my mind wandered back to my brother who (had gone) to play basketball.

 

A) have gone B) have going
C) had went D) no improvement
 
Answer & Explanation Answer: D) no improvement

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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.

 

Grandiose

 

A) Noble B) Impressive
C) Moderate D) Vast
 
Answer & Explanation Answer: C) Moderate

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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.

 

Baroque

 

A) Decorative B) Bizzare
C) Plain D) Rich
 
Answer & Explanation Answer: C) Plain

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Q:

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

 


Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers.

 


What does not seem as not good or normal in the context of this essay?

 

A) the new interest in free market B) being captivated by spell of the free market
C) that which does not accord with the requirement of the free market D) the economists who are captivated by the free market
 
Answer & Explanation Answer: C) that which does not accord with the requirement of the free market

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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.

In view of last year's H1N1 attack and prevailing ________________ weather conditions, the health department officials _______________ that the virus will turn more active by January end. In-charge, Integrated Disease ________________ Programme (IDSP), Dr Shah, said, "Virus is still active, but not in a major way. In coming months, it is likely to become more active. Last year too, virus had claimed lives in January and February. Therefore, we are _____________ as coming months might _________________ a challenge."


Therefore, we are _____________

A) vigilant B) open to
C) on toes D) impulsive
 
Answer & Explanation Answer: A) vigilant

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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 scenario _________________ dramatically today. We have the ___________________ of powerful Internet monopolies that are much bigger ________________ the telcos. Not surprisingly, these companies now see the _______________ of monopoly. They would like to combine with telcos to create monopolies for their platforms, ensuring that they control the future of the Internet and freeze their competition ____________.


We have the ___________________ of powerful Internet

A) emerging B) emerge
C) emergence D) emergency
 
Answer & Explanation Answer: C) emergence

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