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 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.

Draw a blank

A) Paint something B) Find no favour
C) Oblige someone D) Teach someone
 
Answer & Explanation Answer: B) Find no favour

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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 thefour 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 tobe 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. Tolower the flame, the valve had to be _________ opened to reduce the pressure and then tightened until the desired flame size was achieved. _________ you wanted theflame to be bigger, you had to hit the piston again. Pump stoves are still in vogue.

below would be __________ pressure

A) inside B) into
C) about D) under
 
Answer & Explanation Answer: D) under

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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 homeowners remodelled the house to help it sell.

A) The house was remodelled by the homeowners to help it sell. B) The house is remodelled by the homeowners to help it sell.
C) So that it is helped to sell the house was remodelled by the homeowners. D) So that it is helped to sell the house is remodelled by the homeowners.
 
Answer & Explanation Answer: A) The house was remodelled by the homeowners to help it sell.

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Q:

Equs Asinus is the scientific name of

A) Donkey B) Cow
C) Deer D) Kangaroo
 
Answer & Explanation Answer: A) Donkey

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Q:

ISRO built India's first satellite known as _____.

A) Aryabhata B) Bhaskara
C) Rohini D) Insat 1A
 
Answer & Explanation Answer: A) Aryabhata

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Q:

Under which campaign the Government had launched 100 accessible website of various State Government/UTs on 19 January, 2018 for divyangjans?

A) Make in India B) Skill India
C) Digital India D) Accessible India
 
Answer & Explanation Answer: D) Accessible India

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Q:

The rate of change of linear momentum of a body is proportional to the ___________ acting on it.

A) impulse B) torque
C) force D) kinetic energy
 
Answer & Explanation Answer: C) force

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