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?

Which of the following is an example of thermoplastics?

Who among the following was not a chief minister before he/she became the Prime Minister of India?

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

It was being hard to believe(A)/that my brother could be(B)/involved with anything so sinister.(C)/No error(D)

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.

We now have a peculiar combination _______________ the economic policy of India: a declared attempt at fiscal consolidation, combined with a _________________ to do what it takes to raise tax revenues. This unfortunate ________________ has meant a squeeze _____________ Central government expenditures, and particularly those relating to social spending that directly ____________ most people in the country.

This unfortunate ________________ has meant a squeeze

The deficiency of Niacin­a vitamin of B complex group causes the disease _____

Where is the Film and Television Institute of India located?

Where is the Betla National Park located