Searching for "great"

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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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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.

 


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

 

A) the new interest in free market B) being captivated by spell of the free market
C) that which does not accord with the requirement of the free market D) the economists who are captivated by the free market
 
Answer & Explanation Answer: C) that which does not accord with the requirement of the free market

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Filed Under: English
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Q:

In the following question the 1st and the last part of the sentence/passage are numbered 1 and 6. The rest of the sentence/ passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct.

 

1. September 2005.
P. I felt such a great weight on me that I could barely move.
Q. As the doors closed behind me, I was overcome by deep loneliness and despair.
R. I was leaving behind my family and I didn't know when I would see them again.
S. I was going through the departure gate at the airport in Holguin, Cuba.
6. In my hands I held my prayer book.

 

A) RSQP B) RQPS
C) SQRP D) PSRQ
 
Answer & Explanation Answer: C) SQRP

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Filed Under: English
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Q:

Alexander the Great was born in ________.

A) 356 BC B) 189 BC
C) 189 AD D) 356 AD
 
Answer & Explanation Answer: A) 356 BC

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Filed Under: Indian History
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Q:

The Great Smog of 1952 was a severe air-pollution event which affected _______.

A) Paris B) London
C) New York D) Delhi
 
Answer & Explanation Answer: B) London

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Filed Under: General Science
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Q:

A number is greater than five times its reciprocal by 19/2. Find the number.

A) 11 B) 9
C) 10 D) 8
 
Answer & Explanation Answer: C) 10

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Filed Under: Problems on Numbers
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Q:

Atomic number of which of the following elements is greater than that of Calcium?

A) Chlorine B) Argon
C) Sulphur D) Scandium
 
Answer & Explanation Answer: D) Scandium

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Filed Under: Chemistry
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Q:

The line graph shows the number of deaths due to road accidents in a certain state. Study the diagram and answer the following questions.

The number of deaths in 2014 were greater than that in 2017 by ________.

A) 50% B) 40%
C) 20% D) 14.2%
 
Answer & Explanation Answer: C) 20%

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Filed Under: Line Charts
Exam Prep: Bank Exams