Exams

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.

What does not seem as not good or normal in the context of this essay?

Chandan is 2 years older than Ankit but 1 year younger than Sumit. Ankit is twice as old as Khushboo. If Khushboo's age is 25 years, what is the age (in years) of Sumit?

A superfast Duronto express running at 90 kmph overtakes a bike running at 36 kmph in 25 seconds. What is the length of the train in meters?

A series is given with one term missing. Choose the correct alternative from the given ones that will complete the series.

Rajasthan, Madhya Pradesh, Maharashtra, ?

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.
Barking up the wrong tree

Select the related number from the given alternatives.
0.02 : 0.002 :: 1/3 : ?

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

Cajole

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/Phrase.
To wrangle over an ass's shadow