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?

A series is given with one term missing. Select the correct alternative from the given ones that will complete the series.
Padma Shri, Padma Bhushan, Padma Vibhushan, ?

Sodimejo, the world's ‘oldest man' died at the age of 146. Which country was he from?

Who is the author of "Life of Pi"?

Neeraj Chopra is associated with which sports?

The United Nations' (UN) International Day Against Drug Abuse and Illicit Trafficking falls on- 

Pneumonia is a bacterial disease caused by the type of bacteria called _____________

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

Management is a set of _____ that can keep a complicated system of people and technology running _____. The most _____ aspects of management include planning, budgeting, organizing, staffing, controlling and problem solving. Leadership is a set of process that creates organization in the first place or adapts, them to _____ changing circumstances. Leadership defines what the future should look like, aligns people with that _____ and inspires them to make it happen despite the obstacles.

The most _____ aspects of management include planning budgeting, organizing, staffing, controlling and problem solving.