Questions

Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand B) Law of supply
C) Law of substitution D) Law of optimal choice
 
Answer & Explanation Answer: A) Law of demand

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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

Which would most likely increase aggregate supply?

A) A decrease in net exports B) A decrease in business subsidies
C) An increase in productivity D) An increase in the prices of imported products
 
Answer & Explanation Answer: D) An increase in the prices of imported products

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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'.

Every effect we see, hear or speak in our outside (1)/ or physical world has a specific cause that (2)/ have its origin in the inner or mental world. (3)/ No error (4)

 

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

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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.

 

He said, "I started the job today."

A) He said that he has started the job today. B) He said that he had started the job that day.
C) He said that he had had started the job that day. D) He said that he has had started the job that day.
 
Answer & Explanation Answer: B) He said that he had started the job that day.

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Q:

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

 

Have you created this beautiful artwork?

A) Had you been creating this beautiful artwork? B) Had you created this beautiful artwork?
C) Has this beautiful artwork been created by you? D) Has creating this beautiful artwork been done by you?
 
Answer & Explanation Answer: C) Has this beautiful artwork been created by you?

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Q:

In the following passage some of the words have been left out. Read the passage carefully and choose the correct answer for the given blank out of the four alternatives.


The nation has been _____as a relatively extensive, territorial relation of nativity. We have further formulated the_____of the nation as a territorially_____, yet bounded, social relation for the generation, transmission, and ____of life. When the nation is a national state, it is also a_____for the protection of life. The nation is often ______by the metaphor of familial relations and, indeed, has sometimes been considered as some kind of_____family. This is understandable because both the nation and the family are relations of_____. Nonetheless, there is an important difference, and to understand this will _____a more detailed examination of the_____ between territory and bonding.


and, indeed, has sometimes been considered as some kind of ______ family.

A) extended B) exhibited
C) exhorted D) exhumed
 
Answer & Explanation Answer: A) extended

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Q:

International Chess Day is celebrated annually on

A) 21st July B) 20th July
C) 18th July D) 23rd July
 
Answer & Explanation Answer: B) 20th July

Explanation:

International Chess Day is celebrated annually on 20th July, since 1966. The idea to celebrate this day proposed was by UNESCO.

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