Questions

Q:

The innovation theory of profit was proposed by

A) Marshall B) Clark
C) Schumpeter D) Joan Robbinson
 
Answer & Explanation Answer: C) Schumpeter

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Q:

The SLR is determined by the RBI. SLR stands for

A) States Leverage Return B) Savings Lease Rate
C) Statutory Liquidity Ratio D) Safe Legal Range
 
Answer & Explanation Answer: C) Statutory Liquidity Ratio

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Q:

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

A) 8 percent B) 12.5 percent
C) 10 percent D) 15 percent
 
Answer & Explanation Answer: B) 12.5 percent

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Q:

In terms of economics, if it is possible to make someone better­off without making someone worse­off, then the situation is

A) Inefficient B) Efficient
C) Optimal D) Pareto­superior
 
Answer & Explanation Answer: D) Pareto­superior

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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

15% of an alloy was silver. If in a quantity of alloy there was 51 g of silver, what was the quantity of the other elements in the alloy?

A) 204 g B) 340 g
C) 300 g D) 289 g
 
Answer & Explanation Answer: D) 289 g

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Q:

In the following question, out of the given four alternatives, select the one which best expresses the meaning of the given word.


Reprove

 

A) Praise   B) Laud  
C) Scold D) Commend
 
Answer & Explanation Answer: C) Scold

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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 the four alternatives.

 

Teachers worldwide are stuck in a constant balancing __________ between individual liberty and occupational obligations. The Indian teacher is _________ stuck in tremendous technological, political and sociocultural changes, which are having ________ impact on performance and lifestyle. It goes without saying that teachers in India need to redefine and adjust their _____________ to develop transformational and humane skills by helping bridge the deep-rooted ______________ distance between the teacher and the taught.

 

Indian teacher is _________ stuck in tremendous technological,

 

A) also B) too
C) all D) very
 
Answer & Explanation Answer: A) also

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