Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following is not an assumption of perfect competition?

A) There are many buyers and sellers B) Average total costs continually decrease.
C) The good sold by all sellers in the market is assumed to be homogeneous. D) Buyers and sellers in the market are assumed to have perfect information.
 
Answer & Explanation Answer: B) Average total costs continually decrease.

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Q:

Which of the following sets of taxes belongs to Central Government?

A) Excise duty, Sales tax and Custom duty B) Income tax, Custom duty and House tax
C) Excise duty, Custom duty and Income tax D) Custom duty, Entertainment tax and Income tax
 
Answer & Explanation Answer: C) Excise duty, Custom duty and Income tax

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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 express the same sentence in Indirect/Direct speech.

 

Dia said to Pari, "Do you like oranges?”

 

A) Dia asked Pari that did she like oranges. B) Dia asked Pari if she likes oranges.
C) Dia asked Pari that whether she liked oranges. D) Dia asked Pari if she liked oranges.
 
Answer & Explanation Answer: D) Dia asked Pari if she liked oranges.

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Filed Under: English
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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 express the same sentence in Indirect/Direct speech.


"Won’t you help me to carry this suitcase?" said I to my wife.

A) I asked my wife that if she would not help me in carrying that suitcase. B) I asked my wife if she would not help me to carry that suitcase.
C) I asked my wife that whether she would not help me to carry this suitcase. D) I asked my wife that if she would be helping me to carry this suitcase.
 
Answer & Explanation Answer: B) I asked my wife if she would not help me to carry that suitcase.

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Filed Under: English
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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

It is ______ for all the students to follow the rules.

 

A) imperative B) meant
C) expected D) abide
 
Answer & Explanation Answer: A) imperative

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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 

A fool's paradise

 

A) An average person appears smart in company of fools. B) A state of happiness based on a person's not knowing about potential trouble.
C) A paradise is ruined when fools enter it. D) Pretending that everything is going fine when actually all is being lost.
 
Answer & Explanation Answer: B) A state of happiness based on a person's not knowing about potential trouble.

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Filed Under: English
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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 

Crunch time

 

A) A time when everything seems to go wrong. B) A time to hit the gym do some heavy exercise.
C) A critical moment near the end of a game when decisive action is needed. D) The capable standout during tough situations
 
Answer & Explanation Answer: C) A critical moment near the end of a game when decisive action is needed.

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Filed Under: English
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