Questions

Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist B) Socialist
C) Mixed D) Both Capitalist and Socialist
 
Answer & Explanation Answer: A) Capitalist

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Q:

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

A) same B) higher
C) lower D) minimum
 
Answer & Explanation Answer: A) same

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Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic B) indifferent
C) market demand D) diminishing
 
Answer & Explanation Answer: C) market demand

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Q:

A shop keeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of cost price to the printed price of the book is

A) 45:56 B) 50:61
C) 99:125 D) None of these
 
Answer & Explanation Answer: A) 45:56

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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.

 

We also need to work towards a re-engineering of procedures. It __________________ that fear of being scrutinised by the office of the Central Vigilance Commissioner has _________________ loan officers in the public sector into inaction. It is _______________ no use having a publicly-owned banking ___________ that does not extend credit to sound projects on grounds of __________________ scrutiny.

 

Central Vigilance Commissioner has _________________ loan officers in the public sector into inaction.

 

A) encouraged B) emboldened
C) petrified D) energized
 
Answer & Explanation Answer: C) petrified

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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.

 

Several countries ___________________ the world are now replacing the __________________ model of criminal justice partly _____________________ wholly with different models of restorative justice, _____________________ promising results in crime control. The process is more collaborative, consensual and inclusive, that is characteristic ____________________ indigenous systems of justice.

 

that is characteristic ____________________ indigenous systems of justice.

 

A) for B) as
C) of D)  like
 
Answer & Explanation Answer: C) of

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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".

 

There is something in a train journey that (was fascinated) a lot of people and I am one of them.

 

A) has fascinated B) have fascinated
C) has fascinate D) no improvement
 
Answer & Explanation Answer: A) has fascinated

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Q:

Which of the following voted for Brexit in June 2016?

A) England and Scotland B) England and Wales
C) Scotland and Northern Ireland D) Wales and Northern Ireland
 
Answer & Explanation Answer: B) England and Wales

Explanation:

The decision by the electorate was to "Leave the European Union" which won by a majority of 1,269,501 votes (3.78%) over those who had voted in favour of "Remain a member of the European Union" with England and Wales voting to "Leave" whilst Scotland and Northern Ireland voted to "Remain".

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