Questions

Q:

The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.

A) Resource Probability Set B) Production Probability Set
C) Resource Possibility Set D) Production Possibility Set
 
Answer & Explanation Answer: D) Production Possibility Set

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Filed Under: Indian Economy
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Q:

‘Capital gains’ refers to goods which

A) serve as a source of raising further capital B) help in the further production of goods
C) directly go into the satisfaction of human wants D) find multiple uses
 
Answer & Explanation Answer: B) help in the further production of goods

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Q:

A minimum wage _____.

A) is the price floor below which workers may not sell their labor B) is set at a price below the equilibrium wage
C) creates a price ceiling below which the wage cannot legally go D) decreases unemployment
 
Answer & Explanation Answer: A) is the price floor below which workers may not sell their labor

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Q:

In Indian parliamentary system, the leader of the largest opposition party having not less than _______ seats of total strength of the house is recognized as the leader of the opposition in that House.

A) 1/10 th B) 1/9 th
C) 1/8 th D) 1/7 th
 
Answer & Explanation Answer: A) 1/10 th

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Q:

Which among the following is not a qualification to become a Vice President of India?

A) Citizen of India B) Above 35 years of age
C) Possess the Membership of Lok Sabha D) Possess the Membership of Rajya Sabha
 
Answer & Explanation Answer: C) Possess the Membership of Lok Sabha

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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 proverbial ___________, that every one makes his own destiny; and __________ is usually interpreted, that every one, by his wise ______ unwise conduct, preparesgood or evil for himself: but we may also understand it, that whatever it be that he receives _________ the hand of Providence, he may so accommodate __________ toit, that he will find his lot good for him, however much may seem to others to be wanting.

 

that he receives _________ the hand of Providence,

 

 

A) form B) from  
C) of D) for
 
Answer & Explanation Answer: B) from  

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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.

 

"Please give me something to eat. I am hungry" the beggar said to them.

A) The beggar requested them to give him something to eat and said that he was hungry. B) The beggar requested them to give him something to eat and said he was hungry.
C) The beggar while requesting them to give him something to eat and says he was hungry. D) The beggar while requesting them to give him something to eat and says he is hungry.
 
Answer & Explanation Answer: A) The beggar requested them to give him something to eat and said that he was hungry.

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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'.

 

All that we admired and adored (1)/ before as great and magnificent, (2)/ are obliterated or vanished. (3)/ No error (4)

 

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

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