Questions

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?

In the following question, out of the four alternatives, select the word similar in meaning to the word given.

Perverse

In the following question, a sentence / a part of sentence is underlined. Below are given alternatives to the underlined part which may improve the sentence. Choose the correct alternative. In case no improvement is required, choose "No Improvement" option.

Forewarned is forearmed.

In the following question, out of the given four alternatives, select the alternative which best expresses the meaning of the Idiom/Phrase.

Rip up old sores

If cosecA - cotA = x, then the value of x is

A square is inscribed in a quarter circle in such a way that two of its adjacent vertices on the radius are equidistant from the centre and other two vertices lie on the circumference. If the side of square is √(5/2) cm, then what is the radius (in cm) of the circle?

Who among these has not been awarded Bharat Ratna?

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'.

The average age at which(A)/people die of heart diseases(B)/are decreasing.(C)/No error(D)