Questions

Q:

In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.

A) Monopsony B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: D) Monopolistic Competition

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Q:

Which of the following is a tertiary activity?

A) Farming B) Manufacturing
C) Dairying D) Trading
 
Answer & Explanation Answer: D) Trading

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Q:

In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.

A) Supply B) Demand
C) Price D) Stock Market
 
Answer & Explanation Answer: C) Price

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Q:

If quantity of good X demanded increases from 4000 units to 5000 units when price of good Y increases from Rs 75 to Rs 90, find Arc Cross elasticity of demand?

A) 0.55 B) 1.66
C) 0.25 D) 1.22
 
Answer & Explanation Answer: D) 1.22

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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 _____ of energy in India are met from both commercial and non commercial sources. The most _____ sources of energy today are coal and natural gas, hydro
electricity and nuclear power. On the other hand, firewood, cow-dung cakes and vegetable waste etc. _____ non commercial forms of energy. While non commercial
forms of energy _____ demand, coal is the _____ source of commercial energy in India.


coal is the _____ source of commercial energy in India. 

A) smallest B) hardest
C) largest D) heaviest
 
Answer & Explanation Answer: C) largest

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Filed Under: English
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Q:

Read each sentence to find out whether there is any grammatical error in it. The error, if any, will be in one part of the sentence. If there is no error, the answer is (E), ie ‘No error’. (Ignore the errors of punctuation, if any.)The consolation messages (A) / received on the(B)/ demise of Mrs. Malhotra (C) / speaks highly of her enormity. (D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: D) D

Explanation:

Here, the error is in part 4. As 'messages' is plural “speaks” will be replaced by “speak”. The rule applied is of subject verb agreement

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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.

 

Wrap or cover for warmth

 

A) Encourage B) Muffle  
C) Divulge D) Expose
 
Answer & Explanation Answer: B) Muffle  

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Q:

In the following question, four words are given out of which one word is correctly spelt. Select the correctly spelt word.

 

A) anotate   B) annotate  
C) annottate D) anottate
 
Answer & Explanation Answer: B) annotate  

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