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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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:

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.


To begin______, let us ask ___________ such an appellation, assuming it has only positive___________, was ever deserved in a city like Bengaluru. At the risk__________ earning the well-shaped wrath of fellow Bengalureans, let me explain that______ for a "peacefull" past apart, it would be difficult to assert that "Asia's Silicon Valley" had even a history of toleration of difference.


let me explain that______ for a "peacefull" past apart

A) nostalgia B) remorse
C) sentimentality D) memories
 
Answer & Explanation Answer: A) nostalgia

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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.


Restorative justice is _______________ from mediation though it involves meetings and dialogues to fix responsibility for wrongdoing and to find a solution acceptable to ______________ three parties. More importantly, it directly addresses victim needs and ________________ emphasises the private dimensions of a public wrong. It is not a substitute _______________ the formal criminal justice system, but a good backup to reduce its workload and to increase the sense of justice in the system as a __________________.


Restorative justice is _______________ from mediation though it involves meeting

A) clear B) distinct
C) recognisable D) specific
 
Answer & Explanation Answer: B) distinct

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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of four alternatives suggested, select the one, which best expresses the same sentence in Passive/Active voice.

They will advise me about the price of the accessories.

A) I will have been advised about the price of the accessories. B) I would have been advised about the price of the accessories.
C) I shall be advised about the price of the accessories. D) I would have had been advised about the price of the accessories.
 
Answer & Explanation Answer: C) I shall be advised about the price of the accessories.

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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'.
I finished my household chores (1)/ before he reached (2)/ to my place after so long. (3)/ No Error (4)

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

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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.

To Have bitten off more than you can chew

A) To eat voraciously and then fall sick B) To behave disrespectfully towards elders and then repent the act
C) To have tried to do something which is too difficult D) To have missed a golden opportunity and after that willing to put twice the effort to recover the loss
 
Answer & Explanation Answer: C) To have tried to do something which is too difficult

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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 preacher challenged hundreds of thousands of young people who gathered in a ___________ Polish meadow to reject being a "____________" who retreats into video games and computer screens and instead engage in social activism and politics to create a more just world. __________ his speech with ______________, the 79- year-old pope, despite a long day of public appearances, addressed his eager audience with enthusiasm yesterday on a warm summer night. Pope Francis spoke of a ______________ that comes from merely seeking convenience, from confusing happiness with a complacent way of life that could end up depriving people of the ability to determine their own fates.


Pope Francis spoke of a ______________ that comes from merely seeking convenience

A) selfishness B) panic
C) paralysis D) calamity
 
Answer & Explanation Answer: C) paralysis

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