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.

 

It is a delight _______________ the illuminating thoughts which came to the minds of these men; and, on the other hand, it is amusing to see how ________________ they launched ________________ on boundless seas when they were unprovided with chart and compass. They were _________ brilliant children, who know little of the dangers of the great world, but are ready to undertake anything. These philosophers regarded all knowledge as their province, and did __________ despair of governing so great a realm.

 

they launched ________________ on boundless seas when they were unprovided

 

A) them B) their
C) they D) themselves
 
Answer & Explanation Answer: D) themselves

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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.

 

The student said, "I must study hard."

 

A) The student said that he had to study hard. B) The student says that he had to study hard.
C) The student says that he must study hard. D) The student say that he had to study hard.
 
Answer & Explanation Answer: A) The student said that he had to study hard.

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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.

 

I said to my wife, "These showpieces look nice."

 

A) I told my wife that these showpieces looked nice. B) I told my wife that those showpieces looked nice.
C)  I told my wife that those showpieces look nice. D) I told my wife that these showpieces look nice.
 
Answer & Explanation Answer: B) I told my wife that those showpieces looked nice.

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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.

 

Cyber security has ________________interesting parallel to terrorism. _________________ are asymmetric. Ensuring security of data, information, and communication is considerably harder than hacking into a system. The attacker has an inherent ________________ in both conventional terrorism and cyber attacks. In the case _________________ state­sponsored attacks, the challenges are of a much ________________ magnitude.

 

Cyber security has ________________interesting parallel to terrorism.

 

A) a B) an
C) the D) two
 
Answer & Explanation Answer: B) an

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