Questions

Q:

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

 


Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers.

 

Who, according to the economists, are the right group of people to set the price of a commodity?

 

A) the aggregate of consumers B) the buyers
C) the sellers D) the economists
 
Answer & Explanation Answer: A) the aggregate of consumers

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Q:

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

 

He succeeded in proving his point with ______________ logic.

A) diabolical B) irrefutable
C) rational D) analytical
 
Answer & Explanation Answer: B) irrefutable

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Q:

In each of the questions, four alternatives are given for the Idiom/Phrase. Choose the alternative which best expresses the meaning of the Idiom/Phrase and click the button corresponding to it.

Make both ends meet

A) Live within means B) Achieve a solution
C) Live among people D) End of the road
 
Answer & Explanation Answer: A) Live within means

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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.

When the kerosene burned, the fuel in the tank below would be __________ pressure, and __________a small circular flame would appear in the burner.The valve had to be opened to let more kerosene vapour to the burner and pumping resumed. With the increase in pressure, the burner flame would spread _________ a loud noise. To lower the flame,the valve had to be _________ opened to reduce the pressure and then tightened until the desired flame size was achieved. _________ you wanted the flame to be bigger, you had to hit the piston again. Pump stoves are still in vogue.

and __________ a small circular flame

A) slow B) slowly
C) slower D) slowest
 
Answer & Explanation Answer: B) slowly

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Q:

Out of the four alternatives, choose the one which can be substituted for the given words/sentences and click the button corresponding to it.

Action that is likely to make people very angry

A) Inflationary B) Inflammable
C) Commensurable D) Inflammatory
 
Answer & Explanation Answer: D) Inflammatory

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Q:

A sentence/a part of the sentence is underlined. Four alternatives are given to the underlined part which will improve the sentence. Choose the correct alternative and click the button corresponding to it. In case no improvement is needed, click the button corresponding to "No improvement".

Each self is unique, and therefore cannot be compared.

A) incomparable B) Non comparable
C) Incomparably D) No improvement
 
Answer & Explanation Answer: A) incomparable

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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.

Excessively lengthy speech

A) Concision B) Verbiage
C) Curt D) Succinct
 
Answer & Explanation Answer: B) Verbiage

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Q:

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

 

The powerful headlights of the truck blinded me for a while.

A) Blinding of me was done by the powerful headlights for a while. B) I was blinded for a while by the powerful headlights of the truck.
C) I myself was blinded by the headlights of the truck which were powerful. D) The powerful headlight belonging to the truck have had me blinded.
 
Answer & Explanation Answer: B) I was blinded for a while by the powerful headlights of the truck.

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